Why Demand for Green Bonds Is Blossoming

The demand for green bonds is not just taking root, it is blossoming, said Mamadou-Abou Sarr, head of environmental, social and governance, or ESG, investing at Northern Trust Asset Management (NTRS) - Get Report . 'Green bonds were a mostly quasi-government opportunity in the past few years set up to meet demand from dedicated ESG focused investors, but this is no longer the case,' said Sarr. 'Amid increased appetite for responsible investment opportunities, the range of issuers has widened considerably, with banks, corporates and municipals raising capital to fund environmentally-focused projects.' Green bonds were originally created to fund projects with positive environmental or climate benefits.