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May 29, 2020
Sustainable finance update: May 2020
A look at the Australasian ESG debt markets during the last month.
Market overview
- Global sustainable bond issuance totalled US$59.3bn in the first quarter of 2020, 32% lower than in Q4, according to a Moody’s report.
- However, social bond issuance totalled US$11.9bn, a new quarterly record, while sustainability bonds registered US$13.4bn. Moody’s anticipates a greater emphasis on social finance and sustainable development will be one of the lasting outcomes of the COVID-19 crisis.
Investor and market news
- The latest Morningstar Global Sustainable Fund Flows report reveals through first quarter of 2020, investors globally put US$45.6bn into funds focused on ESG. This compares with global outflows of US$384.7bn for the overall fund universe.
- 155 global CEOs have signed a statement urging governments around the world to align their COVID-19 economic aid and recovery efforts with the latest climate science.
Read the NAB Sustainable Finance Update: May 2020
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