ESG Is Taking Over the Loan Market
- Loans with ESG terms are growing to a record slice of the pie
- Asia is catching up with SLL issuance as overall loans slow
This article is for subscribers only.
Ethical debt deals are set to become the majority in Europe’s market for corporate loans for the first time next year.
Bankers expect at least half of the loan deals for investment-grade firms in Europe, the Middle East and Africa to be tied to environmental, social and governance targets in 2023, based on interviews conducted by Bloomberg. That’s a jump from an already record 36% share this year, as pressure grows for firms to show investors their sustainability credentials.