Pictet AM's Barton forecasts growth in EM green bond issuance in 2022

'Big uptake' in social bonds

clock • 2 min read
Pictet AM's head of emerging market debt Mary-Therese Barton
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Pictet AM's head of emerging market debt Mary-Therese Barton

In 2021, c.18% of almost all emerging market credit issuance was in the ESG label space and is likely to grow again in 2022, according to Pictet Asset Management’s Mary-Therese Barton.

Barton, who is head of emerging market debt at Pictet AM, observed "a big uptake" in social bonds last year and said there were a number of reasons for this. "First of all, we have seen developed countries leading the way in that space and it has made sense for emerging markets who need to access financing to look at those developments as well," she said, adding that EMs are "at the coalface" when it comes to climate change. "We did a study almost two years back now - but it is still really pertinent - showing that by 2100, economic output in some EM countries could be up to 60% lower...

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