Finance
Emerging ESG Bond Boom Puts World on Path to Sell $1.8 Trillion
- Sales of emerging ESG debt rocketed by 227% last year: IIF
- Financing boom has defied concerns about possible greenwashing
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A wave of socially conscious debt has emerged from the developing world, flooding global markets with investments that claim to make the world a better place.
Emerging governments sold bonds geared toward environmental, social and governance issues at more than twice the pace of mature economies in 2021, when compared to the year prior, according to data from the Institute of International Finance. The growth rate of ESG bonds sales clocked in at 97% in mature markets last year, compared to 227% in emerging economies, the data show.