Q1 2023 Market Update: Sustainable debt shows recovery

Climate Bonds Initiative recorded green, social sustainability, sustainability-linked, and transition (collectively GSS+) debt of USD204.8bn for Q1 2023, a 17% increase compared to the prior quarter, but a 21% YOY drop against Q1 2022. By the end of March 2023, the Climate Bonds had recorded lifetime GSS+ of USD3.9tn since market inception in 2007, as recorded in a new report.

2023’s opening quarter showed that bond volumes were recovering from market trauma of late 2022. However, in this period a greater number of bonds were excluded from our best practice Green Bond Database or pending under further assessment, including some large sovereign deals