Sustainable finance saw another strong year in 2020, supported mostly by the issuance of social bonds and the rise of sustainability-linked bonds and the momentum is expected to continue, with 55% growth in 2021, according to Crédit Agricole CIB.
Sustainable finance in 2020 was driven by the Covid-19 crisis, which has highlighted the need to develop resilience to risks and shocks (including those related to climate and the environment) and by climate neutrality commitments. Such commitments are spreading in several countries, and some are already backed by investment plans, the organizations say.
The pandemic has brought into laser-like focus how the health of the planet affects human health which, in turn, affects the way people live and work, according to deVere Group, an independent financial advisory and fintech organization. These shifts in values and new economic realities have meant that the way companies respond to the public health emergency are being carefully scrutin
Vaccine bond sales to soar to fund Covid-19 shots for poor countries
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Analysis: Vaccine bond sales to soar to fund COVID-19 shots for poor countries
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By Toby Fildes
17 Dec 2020
The shock of coronavirus has changed markets and society forever. Toby Fildes picks out the key themes that will emerge from that upheaval in 2021. As 2020 has reminded everyone, the unexpected will happen but markets can cope.
At the end of every year there is always an urge to look back at the highlights and look forward to the opportunities a new year brings. Only this year, most will want to forget 2020.
The coronavirus has upended life as we know it. It’s been exhausting, stressful, difficult the most challenging year of our professional and perhaps personal lives. The preference to look forward is therefore greater than ever market participants are united in their hope for better, more normal days ahead.
By Burhan Khadbai
17 Dec 2020
The pandemic led to an astonishing surge in the issuance of social bonds this year. But for it to develop further, there needs to be a dedicated investor base, a more diverse range of issuers and a clear understanding of what is meant by social finance. Burhan Khadbai reports.
Before the onset of the pandemic, social bonds were a niche product for borrowers. The growth over the years was at best, steady. In 2017, there was $10bn of issuance, followed by $14bn in 2018 and $38bn in 2019. But in 2020, that number is forecast to reach an incredible $140bn.