SHARING IDEAS THAT DO GOOD

Social bond market rockets during COVID

post-image

COVID-19 prompted rapid growth in the burgeoning social bond market, which grew sevenfold in a single year, Bloomberg New Energy Finance Figures show.

BNEF said the overall sustainable debt market, which barely existed 10 years ago and includes assets such as green bonds as well as social bonds, grew 29 per cent in 2020. 

The money raised through social bonds goes towards projects with positive social impacts such as education, healthcare, housing and basic infrastructure.

Like social bonds, green bonds are generally issued by governments and supranational bodies such as the World Bank to fund environmentally friendly programs, generally aimed at mitigating climate change.

https://www.afr.com/companies/financial-services/social-bond-market-surges-on-pandemic-demand-20210111-p56t62?

What do you think?

You must be logged in to post a comment.
Comments

Related Posts

FinTech

post-image

A parallel financial system
24 July 2021 by Lynn Wood 0 Comments

FinTech

post-image

UP Bank Frollo's The Big 4 In Open Banking
30 June 2021 by Ben Ford 1 Comments

FinTech

post-image

Vibrancy of DeFi Leading Blockchain Investment
30 June 2021 by Madeline Cunn... 0 Comments