Building credibility and demand for sustainability-linked bonds

The green bond market has witnessed significant evolution and diversification. In 2008, the World Bank issued the first labelled green bond, pioneering a new approach to financing projects with environmental benefits, such as renewable energy or energy efficiency initiatives.  The market has continued to evolve, with new types of bonds emerging to address broader social, environmental and sustainability issues. Social bonds have been introduced to finance projects aiming for a positive social impact, such as affordable housing, education, or healthcare. The International Capital Market A...