The winners of the 2026 Environmental Finance Sustainable Debt Awards have been announced.
In its 11th year, the awards celebrate the leading green, social, sustainability and sustainability-linked (GSSS) bond and loan deals in 2025 and recognise significant market participants.
An independent panel of experts chose winners in around 100 categories based on information relating to the period between 1 January 2025 to 31 December 2025.
Among this year's notable winners include:
- Marjan Divjak, director general of the treasury directorate at Slovenia's Ministry of Finance who won Personality of the year.
- HSBC won big, coming top in six lead manager categories, with Bank of America Securities not far behind as the winner in four lead manager categories.
- A new category this year was Transition loan of the year, which went to FirstRand.
- Another new category was Sustainable lender of the year, with BNP Paribas winning the bank category, Eiffel Investment Group winning the fund/asset manager category and the International Finance Corporation (IFC) winning in the MDB/DFI Sustainable lender of the year award.
"Congratulations to all the winners of this year's Sustainable Debt Awards," said Annabelle Palmer, content strategist of Environmental Finance. "Among this year's awards winners were some of the biggest transactions in the sustainable debt market in 2025, with several innovative new players and transactions arriving in the market at a time of continued dynamism for sustainable debt.
"As always, we thank all of our judges who volunteered their time and expertise to help assess the many high-quality entries we received this year."
To view all of this year's winners, visit the Sustainable Debt Awards 2026 microsite.
Reports by Peter Cripps, Michael Hurley, Rob Langston, Ahren Lester, Genevieve Redgrave, Annabelle Palmer, Peter Carvill and Kate Fray.
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