Sustainable bond market contracts is down 19% from Q1

02 Aug 2024 CW Team

Moody's Ratings reported a decline in global sustainable bond issuance for the second quarter of 2024. The total issuance reached $238 billion, which represents a 20% decrease from the previous year and a 19% drop from the first quarter of this year. In the first half of 2024, cumulative issuance across five labeled categories amounted to $534 billion, marking an 8% decline from the $581 billion recorded in the same period of 2023.

The breakdown of the issuance includes $146 billion in green bonds, $39 billion in social bonds, $41 billion in sustainability bonds, $8 billion in sustainability-linked bonds, and $3 billion in transition bonds. Despite this decline, Moody's projected that the sustainable bond market could still meet the forecast of $950 billion for 2024 and potentially reach $1 trillion in annual issuance.

The report also noted a significant reduction in the number of new issuers, which has decreased by over a third annually since peaking in 2021. This reduction is attributed to heightened scrutiny from market regulators and concerns about greenwashing, which could be constraining market growth.

Additionally, the market for sustainable loans experienced a 29% drop, falling to $286 billion from $402 billion in the first half of 2023. Most of this segment consists of sustainability-linked loans, which have been impacted by issues related to missed targets and greenwashing concerns.

In response to these developments, the International Capital Market Association (ICMA) has released new guidance documents aimed at supporting green enabling projects and sustainability-linked loans. These updates emphasize a greater focus on transition finance, structural innovation, and improving the sustainability quality of financial instruments.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..