The gold rush for greener debt may be over.
Global sales of ethical debt are set to suffer their first drop this year, as volatility and higher rates deter borrowers. Next year may see a slight recovery, yet arrangers and analysts aren’t predicting a return to the exponential growth of the past decade that turned a fringe concept into a $5.6 trillion asset class.
There’s plenty of factors that risk holding it back now, from growing regulation in Europe and a political backlash against ESG in the US, to greater scrutiny from buyers and bankers needing more time to get …
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