Q&A: Stephanie von Friedeburg, IFC
The IFC's Interim Managing Director and Executive Vice President talks to Environmental Finance on the 10th anniversary of its green bond programme
The IFC's Interim Managing Director and Executive Vice President talks to Environmental Finance on the 10th anniversary of its green bond programme
ESG ratings should only be used as a first step when it comes to assessing issuers, a panel at Environmental Finance's ESG and Fixed Income 2020 conference heard. Ahren Lester reports
Is a transition bond label still needed now that the Sustainability-Linked Bond Principles have been published?
Ahead of Environmental Finance's ESG in Fixed Income Europe 2020 virtual conference next week, speakers reflect on the balance between purity and pragmatism when financing climate transition strategies
Click here to download FREE, Environmental Finance's Sustainable Bonds Insight 2020. This report includes graphics and data illustrating the main trends of 2019 in the green, social and sustainability bond markets together with forward-looking commentary from leading market commentators.
Environmental Finance's Bond Awards were expanded again this year to reflect the growth and evolution of the green, social and sustainability (GSS) bond markets and to include the nascent GSS loan market.
The EF Bond Database is the most comprehensive source of information on the labelled green, social and sustainability bond markets. The database is updated daily, is fully searchable and allows the export of Excel ready tables.
Of the top 10 lead managers for green, social, sustainability and sustainability-linked bonds there has been a significant increase in the value of deals they have been involved with over the first three quarters of 2020 compared to the first three quarters of 2019, increasing by 121% on average.
Morgan Stanley saw the biggest jump, with a 264% increase in volume of deals for the first three quarters of 2020 compared to the same period in 2019, followed by Goldman Sachs at 194% and Barclays at 176%. HSBC has held its position at the top of the league table for this time period, while doubling the value of deals it was involved with.
Growth in the first three quarters of 2020 has predominantly come from social, sustainability and sustainability-linked bonds, with this section of the market growing by 278% compared to the same period in 2019. In particular the value of social bonds Credit Agricole managed increased 21-fold while HSBC handled the most sustainability bonds at over $11 billion in the first three quarters of 2020.
*Data comparing the first three quarters of 2019 with the first three quarters of 2020 and value is split evenly among lead managers involved in each bond.
