There was a greater focus on how companies are treating their customers and employees in the context of a heightened awareness and appreciation of the environment in which they operate. The underlying cause was of course the pandemic which led to greater sensitivity to vulnerabilities and weaknesses in a range of systems that went beyond healthcare and raised questions about our world’s resilience to shocks, including the resilience of companies.
This brought with it a tailwind for issues around ESG criteria and the need for more financing to address these issues. At the start of 2020, BNP Paribas Asset Management saw a pivot from green financing towards social bonds, which saw record issuance in 2020.
Learn more here