ASEAN Sustainable Finance State of the Market 2020

Record year for Green, Social and Sustainability Debt Issuance

The ASEAN sustainable finance market maintains rapid growth despite the negative impact of COVID-19, focusing the attention on the need for a sustainable economic recovery. 

The report outlines regional and national developments covering three overarching debt themes, Green, Social, and Sustainability. Also covered are key policy developments that are anticipated to drive ASEAN’s sustainable finance market.

Regional highlights

  • ASEAN GSS issuance reached a record high of USD12.1bn in 2020, a 5.2% Y-o-Y increase from USD11.5bn issued in 2019.
  • Cumulative GSS issuance in ASEAN since 2016 now stands at USD29.1bn.
  • The GSS market composition showed a marked difference from previous years; whilst green labelled debt continues to dominate, sustainability bonds rose in prominence.
  • Singapore remained the leader of GSS issuance in 2020, representing 53% of the region’s issuance. Thailand and Indonesia also experienced significant growth.
  • Certification under the Climate Bonds Standard – representing international best practice - was obtained by four issuers.

Launch Webinar

Here is our launch event of our first ASEAN Sustainable Finance State of the Market Report Launch in partnership with HSBC for insights, trends and opportunities for the region.

Thursday April 29, 2021
09:00 London / 15:00 Jakarta /16:00 Singapore, HK / 18:00 Sydney

 

 

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PDF icon Download: ASEAN State of the Market 2020 Report
Posted Apr 29, 2021 by Leena Fatin