Banks mark four-fold increase in ESG deals this year to date
Financial institutions have ramped up their sales of green debt at the start of 2021, as they look to take advantage of a quiet funding year by building out their environment, social and governance frameworks. This week, nearly all FIG euro issuance arrived in ESG formats.
In-house data shows that 11 banks have sold green and social bonds worth a combined €6.8bn so far this year.
That is a more than four-fold increase compared to the €1.25bn of ESG debt printed by the same point in 2020.Dealogic data suggests that sustainable bonds account ...