Global Sustainable Bond Sales Fall to Lowest in Three Years

The market for sustainable debt shrank through the first two months of the year for the first time ever, according to data compiled by Bloomberg that stretches back more than a decade.

Sales of green, social, sustainability and sustainability-linked bonds globally fell by 13% through the end of February to the lowest since 2022, signaling a pullback from labeled issuance. In February alone, ESG bond sales dropped by 16% to about $75 billion, according to Bloomberg-compiled data.

The decrease has been driven by a decline in the supply of green bonds, which account for the biggest share of the overall ...