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2021/09/21 / Erste Group Research

ESG - Transformation at a Faster Pace

In the process of imposing stricter climate targets, the EU is stepping up its regulatory pace with a series of measures. The financial sector and supervisory authorities have a decisive role to play.

The ESG EUR primary market remains in boom mode, reaching new record highs. The volume of outstanding EUR-denominated ESG bonds has grown to EUR 806bn, with a significant increase in the diversity of thematic formats since 2020.

On the demand side, inflows of ESG fund products in Europe now outweigh those of conventional funds. In 2020, assets under management grew by around 52%, and in the first half-year 2021 by another 30%.

Assessing ESG profiles of issuers and particularly their physical and transitory climate risks remains a challenge.
In its July 2021 report on financial stability, the ECB shows climate risks in the banking sector after analyzing environmental risks for 1.5 million companies.

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General information

AuthorErste Group Research
Product nameCredit News
Topic in focusCredits/ Corporate bonds, Macro/ Fixed income
Economy in focusAustria, CEE
Currency in focusEuro
Sector in focus-


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