Sustainable finance surges despite volatile markets during COVID-19
Guest blog by Joseph Clements, UNCTAD’s Investment and Enterprise Division. The value of sustainability-themed investment products amounted to $3.2 trillion in 2020, up more than 80% from 2019. With a growing need to mobilize the vast sums of capital needed to meet the Sustainable Development Goals (SDGs) by 2030, UNCTAD’s latest World Investment Report estimates that the value of sustainability-themed investment products amounted to $3.2 trillion in 2020, up more than 80% from 2019, showing that the capital market is increasingly aligning itself with sustainable development outcomes, including the SDGs. These products include sustainable funds (over $1.7 trillion), green bonds (over $1 trillion), social bonds ($212 billion), and mixed-sustainability bonds ($218 billion) (Figures 1 and 2). Figure 1 - Number and AUM of sustainability-themed funds, 2010-2020 (Billions of dollars) Source: UNCTAD based on Morningstar and TrackInsight data. Notes: Numbers of fu...