While green bond issuances topped $200 billion in 2019,
social bonds are yet to experience the same momentum.
According to Dealogic data, issuances in Europe in 2019 have
come in at €8.7 billion ($9.6 billion), an increase on
2018’s €6 billion ($6.6 billion). Nearly
€5 billion of this comes from banks, which is more than
double 2018 volumes. Others have included French manufacturing
Danone, who issued a €300 million ($368.5 million) bond in
"The market focus is on green bonds," said Lars Mac Key,
head of sustainable bonds at Danske Bank. "Social bonds have
seen an uptick, but from smaller numbers. The social bond
principles are not as well-known nor as well-used as green
Social bonds are the one of the newer kids on the
sustainability block. They’ve been championed by
organisations such as the International Capital Market
Association (ICMA), whose various...