Every month, find out all about the sustainable market bonds news in our newsletter
« MySustainableCorner ».
This month in a nutshell
- In Europe recently, the Greenium (contraction of green and premium) decreased or even disappeared for non-financial bonds while it remains stable but low for financial institutions.
- The European Commission has launched a new consultation on the SFDR regulation. Two options are under review: 1/ delete Articles 6, 8 and 9, and create 4 new products or 2/ maintain but review Articles 8 and 9.
- Bercy is once again looking at the SRI Label, in response to criticism from investors and companies on the new constraints, in particular the fairly strict exclusions of fossil fuels.
- The carbon tax at the European borders entered into force on October 1st. It requires importers of carbon-intensive products to pay for CO2 emissions emitted during production.
- On October 5th, the European Parliament voted on the text setting uniform sustainability standards for issuers wishing to use the “European Green Bond” or “EuGB” name.
![](/sites/default/files/styles/square_600x600/public/1-ostrum-mediatheque/my-sustainable-corner/2023/octobre/Figure%20of%20the%20month%2029%25.jpg?itok=Ixh_-0Ck)
Figure of the month
Sovereign and assimilated issuers accounted for 29% of Green Bond issues over the first 9 months of 2023, including 14% for sovereigns.
Chart of the month
Sustainable bond issuance by issuer type
Sources : Ostrum AM, Market sources as at end-September 2023