The rise of green bonds, sustainability-linked loans, and other “green” financing options in the sustainable financing market will likely continue, according to analysts with large financing institutions speaking in a session during Global Seafood Alliance’s GOAL 2021 conference.
Since its inception, green financing has increasingly become a more mainstream offering in the global financial system. Since 2007, over USD 1.4 trillion (EUR 1.2 trillion) has been issued through green bonds, and other forms of sustainable financing, such as social bonds, sustainability bonds, and sustainability-linked bonds. And that trend accelerated significantly in 2020 and 2021, according to Oyumaa de Long, an associate of sustainable finance at Rabobank.
“Currently, we’re seeing a very big increase in sustainability-linked loans,” de Long said during GOAL’s “Green Financing as a Tool for Sustainable Seafood Development” panel. “This means that a lot of issuers, a lot of companies, are implementing a sustainability element in their loan documentation.”
Part of that increase is related to heightened financial reporting requirements, with banks wanting to increase the amount of green loans in their portfolios, she said.
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