Barclays bullish about sustainable bonds

Huge support: Barclays headquarters in London. The bank plans to invest £500mil (RM2.5bil) in climate startups by 2027, as it targets US$1 trillion (RM4.5 trillion) of green financing by the end of the decade. — Bloomberg

LONDON: Barclays Plc says it expects global sustainable bond issuance likely to rebound to record levels last seen in 2021, buoyed by debut issuers and a robust market for the green label.

The British bank has a combination of both established and repeat borrowers – particularly in the corporate space – lining up to sell bonds linked to environmental, social and governance (ESG) issues this year, according to Susan Barron, global head of sustainable capital markets at Barclays.