The Business Times
business-time-50
INVESTING FOR IMPACT
·
SUBSCRIBERS

Green, social and sustainable bonds set to plug climate financing gap

Outlook for GSS bond issuance is more upbeat this year, after a challenging 2022

google-preferred-sourceAdd BT as a preferred source
    • The energy crisis has raised the prospect of more long-term sustainable debt issuance to finance Europe's energy transition.
    • The energy crisis has raised the prospect of more long-term sustainable debt issuance to finance Europe's energy transition. IMAGE: PIXABAY

    Xuan Sheng Ou Yong

    Published Mon, Apr 24, 2023 · 04:25 PM

    IN RECENT years, the market for sustainable use-of-proceeds bonds has grown significantly. Annual issuance of green, social and sustainable (GSS) bonds rose from US$95 billion in 2018 to US$735 billion in 2021, according to Bloomberg data.

    However, the sustainable-labelled bond industry had a difficult 2022 amid broader macroeconomic issues, causing annual issuance of GSS bonds to fall to US$572 billion.

    The energy crisis, pandemic and last year’s interest-rate hikes created a challenging macroeconomic environment, exacerbated by the war in Ukraine.

    Impact InvestingSustainability-linked bondsESG

    TRENDING NOW

    As household size is hardly growing, is there a need to build super-large landed homes?

    Think twice about rebuilding that old landed property into a super-big house to max out GFA

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    David Rubenstein, co-founder and co-chairman of The Carlyle Group, warns against “just trying to do deals for the purpose of doing deals, as opposed to getting high rates of return”.

    Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein

    Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

    Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More