August 16, 2021

Sustainable Finance Update: August 2021

A look at what’s been happening in the sustainable finance market – in Australia and abroad.

Sustainable finance market overview

Market overview

  • Sustainable debt issuance hits record levels and tops 10% of global bond markets issuance in HY21, with cumulative sustainable debt issuance expected to soar past US$4tn by early 2022.
  • Climate risk tops diplomatic agendas and regulation accelerates as COP26 approaches.

Selected recent deals

  • Wesfarmers issues first Sustainability-Linked Bond in the Australian market.
  • Anchor Hanover issues UK’s largest housing association Sustainability Bond.
  • NAB executes 5th Sustainability Linked Derivative.
  • Kathmandu closes New Zealand’s largest syndicated Sustainability Linked Loan.
  • Royal Adelaide Hospital completes largest Sustainability Loan in the healthcare sector.

Investor and market news

  • NAB joins global banks to launch carbon offsets platform.
  • 2021 updates to Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines and Sustainability Linked Loan Principles released.
  • ASIC review addressing the threat of greenwashing.
  • Rise of judicial activism observed in the Australian Federal Court and the Dutch Court.

Download the report to see recent key deals as well as investor and market news