Sustainable bond issuances to reach US$1 trillion in 2024
Growth is likely to be spurred by increased transparency and the adoption of green taxonomies.
The sustainable bond market is expected to experience continued growth this year, with almost US$1 trillion of issuances and an overall market share of 14%.
This is according to S&P Global’s outlook for the green, social, sustainability, and sustainability-linked bond (GSSSB) market for 2024. The ratings firm notes that despite economic uncertainty, GSSSB issuance will increase from US$0.98 trillion in 2023 to about US$1 trillion this year, led by green bonds.
