MainStreet Partners has released its latest quarterly global GSS Bonds report.
The report shows that the issuance of green, social, sustainability and sustainability-linked (GSS) bonds has now surpassed USD 4 trillion debt issuance.
Of this total, climate change adaptation receives just 7% of all GSS Bond capital deployed.
Other findings include:
• Government-related issuers account for 75% of climate change adaptation allocation.
• Green and sustainability bonds on average target 4 “Use of Proceeds” categories (e.g., renewable energy) in pre-issuance documents.
• “SME Finance” is the most favoured social “Use of Proceeds” category: for every EUR1 of allocation declared at issuance, it receives EUR2.2 based on post-issuance reports.
• 95% of GSS bonds issued by utilities dedicate over 60% of the proceeds to a single Use of Proceeds.
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