Finance
Goldman Sees Pandemic Spurring Growth in ESG Bond Issuance
- Utilities, tech, health-care sectors among potential borrowers
- Issuers can save up to 10 basis points by going sustainable
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Issuance of bonds for social and green projects will accelerate as investors focus more on sustainability and the environment in the age of Covid-19, according to Goldman Sachs Group Inc.
The U.S. bank is having “active dialogue” with potential issuers of social, green and pandemic-related debt from across sectors, according to Kevin Smith, vice president in Goldman’s sustainable finance group. Companies from the utilities, technology, health care, real estate and industrial sectors may do sustainable issuance, he said.