Activity in green and sustainable bond issues has grown exponentially in recent years,” says Fernando Delgado, director of fixed income origination at BEKA Finance, although the trend will not last forever. The analyst predicts “much more moderate rhythms” in the future but always upwards. The truth is that green bonds are a boost to the public image of companies. “Growing awareness of climate change and the need for a transition to a low carbon economy has led bond issuers and investors to green bonds,” says Johann Plé, fund manager of AXA WF Global Green Bonds at AXA Investment Managers . A real commitment to the changes that our planet undergoes, which also affects reputation: “It contributes to a clear improvement in the corporate image and differentiates the company from the rest of its sector,” says Delgado, of September 2019 Calendar Marathi Finance. Not everyone walks at the same speed. And in that, It’s Paña has something to brag about. Telefónica was the first company in its sector to issue a green bond, like Repsol in terms of oil companies.
September 2019 Calendar Marathi
In addition, all the experts agree in pointing to Iberdrola as one of the main references worldwide in this type of debt, although in the case of energy companies it is much more common to see sustainable bonds because these are the ones that finance the long-awaited energy transition . The only problem in our country, that its expansion here has been later than in other economies around us. In fact, green bonds are not just an instrument of large companies. At the country level there are already those who have issued debt of these characteristics, in order to provide resources to their environmental and / or social projects. France did it in 2017 and Belgium and Ireland in 2018, among others.
Johann Plé is confident that this 2019 will also join the Netherlands and encourages Spain to embark on this, after some autonomous communities or municipalities have already issued green debt. The prospects for this 2019 are bright. Although its growth is expected to slow down – figures doubled year after year – analysts believe it will continue to rise. “The green bond market will continue to grow in September 2019 Calendar Marathi as new sectors, such as telecommunications, enter the market and new corporate issuers from established sectors, such as real estate and public services, continue debuting,” says Suzanne Buchta, Global Head of ESG Markets at Bank of America Merrill Lynch.