Financing mechanisms supporting the global sustainability agenda have toppled $1 trillion, according to BloombergNEF (BNEF).
It is a market which incorporates ‘green, social and sustainability bonds and loans that finance projects with positive environmental and social benefits. The announcement that this milestone amount of sustainable debt has now been issued was made this week at the Sustainable Bonds Forum hosted by the International Finance Corporation (IFC) in Washington, D.C.
“Reaching the trillion dollar milestone is a key moment for the sustainable debt market – if this market wasn’t already on the radar of major global investors, it will be now,” said Angus McCrone, chief editor at BNEF. “This is just the beginning – while it took twelve years to find the first trillion dollars of sustainable debt capital, it will take much less time to reach the second trillion.”