Moody's

The growth of sustainable finance is transforming global capital markets: Moody’s forecasts issuance of green, social, sustainability and sustainability-linked (GSSS) bonds to total $950 billion in 2023, roughly 15% of global bond volumes. In turn, market participants are increasingly demanding independent, accurate assessments on the sustainability credentials of an organization’s financing bond and loan issuances. Our market-innovating Second Party Opinions (SPOs) of green, social, sustainability and sustainability-linked bonds and loans bring clarity to the sustainability impact of financing frameworks and instruments and their alignment to market standards. SPOs help issuers communicate their sustainability objectives with key stakeholders, and may facilitate customers’ access to capital.