Photographer: Krisztian Bocsi/Bloomberg
NEW YORK: The United States is retreating en masse from the world’s second-biggest environmental, social and governance (ESG) debt class.
The US$1.5 trillion market for sustainability-linked loans, in which borrowing is tied to ESG goals, has seen an overall slowdown in volumes this year as both interest rates and greenwashing fears rise.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
