The work presents a study on the Environmental, Governance and Social (ESG) bond market focusing on the global supply, broken down by country and institutional sector, and on the weight of such instruments in portfolios of investors resident in Italy.
The global supply of ESG bonds has increased in the last five years, reaching 3% of the total amount of securities issued by the private sector in Italy, a value similar to the world average of the other countries. The amount of ESG bonds held by investors resident in Italy has rapidly expanded in the last two years, comprising 1.9% of bond portfolios in March 2021. The share is higher for investment funds (4.4%) and lower for insurance corporations and banks (2%).
