20241.Introduction2.ReporthighlightsAlignedGSS+issuanceincreasedtoUSD1.05tnin20240Europewasthelargestsourceof2024GSS+alignedvolume69%ofalignedGSS+dealswereinEURandUSDin2024AlignedGSS+issuancepeakedinJanuarywithUSD130bn 783.GreenThenumberofgreendealsincreased8%yoyhoweverremainslowerthanthepeakin202102,3Top10alignedgreendTop10alignedgreendebtissuersin2024(excludingsovereigns)Thenumberofgreendealsincreased8%yoyhoweverremainslowerthanthepeakin20210TheUSwasthelargestsourceofgreenvolumein2024●067830%ofthegreenalignedvolumein2024camefromnon-financialcorporates94.SocialandsustainabilitySustainabilitybondissuancevolumeabovesocialforthesecondSustainabilitybondissuancevolumeabovesocialforthesecondyear002024alignedsustainabilityvolumesurgedinAPAC2024alignedsustainabilityvolumesurgedinAPAC0SupranationalsaccountforthelargestissuancebyvolumeSupranationals,theUSA,China,andtheUKdemonstrategrowthinS&S0S&SdealsfromChinaseesignificantupwardtrendinalignmentrate440Theworldbankissued26%ofthesustainabilitybondvolumein2024Theworldbankissued26%ofthesustainabilitybondvolumein2024USAleadsthecountryrankingofalignedsustainabilityvolumein2024USAleadsthecountryrankingofalignedsustainabilityvolumein202400USDremainstheleadingcurrencyforsustainabilitybondsin2024 SouthKoreareplacesFranceasthelargestsourceofsocialbondissuance0Government-backedentitiesdrivethereturnofNorthAmerica’ssocialbondissuance0USDleadsthewayasthechosendenominationforsocialbondsChartingthepathtoimpact:classificationandintegrationofS&Sbonds3.Sustainability-linkedbonds952532222232111133111121Europedemonstratedthestrongestalignementbyregion0Sovereignsandlocalgovernmentsdemonstratedthestrongestalignment0Financialcorporatesandgovernment-backedentitySLBvolumegrewin20246324222222264276754433334264444333422242114.ThesovereignGSS+bondclub274414146GreendominatesGSS+sovereignvolume016EUgovernmentspricedalignedGSS+volumeofUSD101.9bnin20240JPYtook7%ofthealignedsovereignGSS+volumein2024EUR,USD,andGBPtogetherare81%ofalignedsovereignGSS+volume33375.Blue-andwater-labelledGSS+market41Bluebondscanbeconsidered‘green,or‘sustainability,,accordingtotheirUoPcategories422024sawa13%YOYdeclineinblueandwaterlabelledGSS+bonds840RegionalbluelandscapeAsia-Pacificrepresents40%ofthemarket0Asia-PacificandEuropeaccountfor74%ofAsia-PacificandEuropeaccountfor74%ofthemarketentitiesandnon-financialcorporatesaccountfortwo-thirdsofthemarket6.Policyoverview487.SectorCriteriaguideissuerstomakegenuinecontribution8.ClimateBondssupportslocaltaxonomydevelopment9.CertificationatClimateBondsreinforcesrigour10.Capacitybuildingandtechnicalassistanceoffersguidanceandcustomisedsolutions11.ClimateBondsteamsaroundtheworld666812.Outlook75Appendixpioneering-sustainable-and-imae-launches-social-bond-labepromote-businesses-le17.https://financialanet/resources/reports/sustainability-linked-bonds-bwhichcurrentlyonlys29.KingdomofThailandSreports/csf-cbi-taxonomy-full-recommrole-policymakers-mobilising-private-finance-ensure-credibleclimate-bonds-initiative-gfcbuildings.pdf2024.ClimateBondsInitiative.2023年中國可持續(xù)債券市場報告Disclaimer:TheinformationcontainedinthiscommunicationdoesnotconstituteinvestmentadviceinanyformandtheClimateBondsInitiativeisnotaninvestmereferencetoafinancialorganisationordebtinstrumentorinvestmentproductisforinformationpurposesonly.Linkstoexternalwebsitesareforinformationpurposesonly.TheClimateBondsInitiativeacceptsnoresponsibilityforcontentonexternalwebsites.TheClimateBondsInitiativeisnotendorsing,recommendingoradvi