Core Insights - The issuance of ESG (Environmental, Social, and Governance) debt has decreased by 3% year-to-date, influenced by tariffs and a slowdown in corporate bond issuance [4][11] - As of June, the total sustainable debt issuance reached $1.09 trillion, marking the second-highest half-year issuance since records began in 2001 [4][11] Group 1: Sustainable Debt Issuance Overview - Green bonds led the issuance with a total of $377 billion, accounting for 35% of the total ESG bond issuance, although this is lower than the previous two years [4][11] - Social responsibility bonds followed with $362 billion issued, representing 33% of the total, while sustainable development bonds reached $139.9 billion [4][11] - The total outstanding sustainable debt now exceeds $9.4 trillion [4] Group 2: Sector Performance - Government sectors, including supranational organizations, led the issuance with $317 billion, although this is lower than the first half of 2024 [6][11] - The corporate sector saw a 15% decline in issuance compared to the previous year, indicating ongoing challenges [6][11] - The securitization sector recorded $300.8 billion, marking a record start for the year [6] Group 3: Leading Issuers - The top issuer, Gilead, issued $246.5 billion, followed by the International Bank for Reconstruction and Development with $35.1 billion [8][10] - The European Investment Bank ranked third with $23.9 billion, while Fannie Mae and Alstom also featured prominently among the top issuers [8][10] Group 4: Regional Trends - The Americas saw a 6.2% increase in issuance compared to the first half of 2024, driven by U.S. institutional issuances [11] - The Europe, Middle East, and Africa region experienced a 17.6% decline, while the Asia-Pacific region's issuance fell by 1.5% [11] - Supranational organizations increased their issuance by 21%, totaling $125.5 billion [11] Group 5: Currency Distribution - The U.S. dollar dominated the sustainable debt market, accounting for 46% of the issuance year-to-date, followed by the euro at 31% [13][14] - The Chinese yuan ranked third with a 5.9% share, while the British pound held a smaller share of 2.7% [13][14]