This year has been one of highs and lows for ESG as HY sustainable bond and loan issuance lagged the record levels of 2021. Despite this, several key themes emerged as the sustainable finance market matures and regulators assess the sector with greater scrutiny. 

Throughout the year, our team assessed the sustainable instruments that came to market. Among highlights, we noted the proceeds of Ericsson’s green bond may not lead to a net positive environmental impact, and Paprec’s green bond reporting was not aligned with good practice.