• Gustavo Bernal Torres

Social Bond Issuance Surges to Unprecedented Levels

S&P Global Ratings projects COVID-related relief efforts could push issues to exceed $500 billion this year-

  • The total sustainable debt market, which includes bonds issued to address climate and environmental goals, could hit a record $500 billion, up from $341 billion last year.

  • To fund programs to address the problem, governments, supranationals, and corporations, among others, have accelerated issuance of sustainable instruments--including social bonds, where issuance jumped nearly four times so far this year to US$71.9 billion from the 2019 level.

  • Poorer people, minorities, and women are suffering disproportionately from growing health, housing, income, and education gaps under measures to contain COVID-19 that could set them back for years to come.

Source: https://www.spglobal.com/ratings/en/research/articles/201110-sustainable-finance-addresses-social-justice-as-covid-19-raises-the-stakes-11715625

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