Global ESG backlash has not eroded demand for UK green bonds

This year's auctions oversubscribed

Demand for green bonds remains elevated in the UK despite the US’ recent retreat from ESG values and following Labour’s decision last year to trim its green investment pledge by half.

The UK green gilt auctions in January, February and May were oversubscribed at 3.1x, 3.2x and 3.56x respectively, according to data from the UK Debt Management Office. This was at similar levels to auctions held last year, as a spokesperson for the DMO told Investment Week the auctions were "robustly received". They added that the government remains committed to the green bond auction programme, with totals expected to hit £10bn in 2025-26. Goldman Sachs AM expands ESG range with active green bonds ETF This year's auctions have so far brought in £7.7bn and according to the UK go...