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More Firms Eye $60tn Green Bond Market for Project Funding - THISDAYLIVE

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More Firms Eye $60tn Green Bond Market for Project Funding - THISDAYLIVE via thisdaylive

With the rising appetite for green bonds, more Nigerian companies are preparing to take advantage of this financing instrument to fill their funding gaps, THISDAY has learnt.

THISDAY gathered that as the need to finance infrastructure on a sustainable manner becomes more imperative, companies are now looking at the green bond market to raise funds. Assets under management by signatories to United Nations-supported Principles for Responsible Investment rose from $4 trillion in 2006 to $60 trillion in 2015.

According to a report by the bank, investors’ interest in the social and environmental purpose of their investments reflects a fundamental shift in the bond market.

 

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