IFC More than Doubles Issuance of Social Bonds in 2020 to over $3 Billion, Amid COVID-19
25 February 2021
Covid-19 response bonds boost social & sustainability bond marketCOVID-19 response bonds have been rapidly deployed to fund crisis relief and recovery; the value of such bonds issued in 2020 exceeded the total value of social and sustainability bonds issued in 2019. COVID-19 pandemic response bonds were the subject of the Q2 SSE Webinar; a summary of the discussions can be found here. Stock exchanges facilitated the fast-growing market in COVID-19 response bonds by waiving listing fees and assisting listed companies, especially small and medium enterprises (SMEs), by providing fee relief and introducing flexibility in rules. A full analysis of this trend in COVID-19 response bonds was provided in the 2020 UNCTAD World Investment Report.
About the SSE
The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.