- We launched our dedicated green bond framework in 2020, a year where green, social and sustainability (GSS) bond issuance jumped markedly to over $600 billion. But that turned out to be just the start. 2021 nearly doubled the prior year’s record with more than $1.1 trillion of GSS bond issuance, and this has remained above $800 billion every year since, including over $940 billion in 2024.1
- The framework we developed in 2020 leveraged our proprietary ESG Impact Ratings. It focused on credibility and additionality, the combined quality of which led us to assign an ESG Impact Rating uplift to individual bonds relative to their issuer. This still forms the basis of our approach today. However, we’ve recently enhanced our methodology to consider learnings and insights from the explosion of issuance since our framework launched.
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