(Bloomberg) — Ethical ambitions are becoming the centerpiece of European credit markets, making the region the undisputed world leader in sustainable financing.
One dollar out of every $5 raised this year by European issuers has been linked to borrowers’ performance in Environmental, social and governance (ESG) initiatives. That ratio increases to one out of $3 for corporate loans. Those shares in overall loans are several times higher than the proportions for the Americas and Asia-Pacific.
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The distinctive lead for European borrowers comes at a time when the post-pandemic recovery is…