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Labeled Bonds: Market Overview H2 2024

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Labeled Bonds: Market Overview H2 2024

Apr 15, 2025

In our series dedicated to bonds labeled green, social, sustainability and sustainability-linked, we break down the market by multiple bond and issuer characteristics to identify key trends in this rapidly growing and increasingly diverse market. How did the market evolve in the second half of 2024?

Labeled bonds’ increasing proportion in global bond benchmarks

The chart shows the increasing proportion of labeled bonds in global bond benchmarks from 2020 to 2024. The government bond universe has the highest increase, reaching 6.8% in 2024, followed by the aggregate bond universe at 2.8%, and the corporate bond universe at 1.1%.

 

The data shows the total outstanding principal amount of labeled bonds within MSCI Government, Provincial and Municipal and Corporate Bond Indexes. Data as of Dec. 31, 2024. Source: FactSet, MSCI ESG Research


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Research authors

  • Jakub Malich, Vice President, MSCI Research
  • Anett Husi, Analyst, MSCI Research

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