GLOBAL: ESG-linked Sukuk issuance maintained a strong growth of 22% quarter-on-quarter in Q2 2023 with US$30.5 billion outstanding, and is expected to exceed 7.5% of global outstanding Sukuk over the next five years, according to a note by Fitch Ratings.
Fitch said ESG-linked Sukuk will likely continue to be a key issuance theme in H2 2023 and beyond amid government initiatives in a number of OIC countries that promote sustainability and economic diversification along with rising issuer and investor demand and awareness.