Global issuance of green, social, sustainability, sustainability-linked and transition bonds has slowed. Labelled bonds, as they are known, are returning to levels last seen before the financial sector turned its attention to environmental, social and governance (ESG) issues during the Covid-19 pandemic.
Labelled bonds issuance totalled US$216 billion ($291.42 billion) in 3Q2024, falling 14% q-o-q. That said, Moody’s analysts still expect total labelled bond volumes to reach their forecast of US$950 billion for the full year, buoyed by “relatively robust” volumes in 1H2024 and “continued issuer appetite”.
