September green bond flurry puts market on track for record year

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AMSTERDAM: Global green bond sales are heading for another record year as a flurry of September deals, including Germany's debut sovereign issue, ...

AMSTERDAM: Global green bond sales are heading for another record year as a flurry of September deals, including Germany'sGreen issues, which source financing for environmentally beneficial expenditures, are crucial to the growing pool of money dedicated to investing sustainably. Sales slumped when the COVID-19 pandemic erupted but are now back on track.

Other big names hitting green markets in September were Sweden, JPMorgan and Daimler. On Wednesday, Volkswagen saw big demand for its green deal despite being tainted by an old emissions cheating scandal.Joshua Kendall, head of responsible investment research and stewardship at Insight Investment, expects green issuance to surpass the 2019 record of US$206 billion – unless the pandemic slows markets again.

And the lead green debt enjoyed over the other two main avenues of sustainable fundraising – social bonds and sustainable bonds, a blend of green and social – has been eroded this year.

 

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