Moody's: sustainable bond issuance remains resilient despite weaker Q1 volumes
Moody’s has released its latest Sustainable Debt Outlook, highlighting a resilient sustainable bond market despite weaker first-quarter volumes and increasing momentum around data center financing. The report shows that global sustainable bond issuance reached $241 billion in Q1 2026, down 17% year-on-year but still on track to remain broadly flat versus 2025 levels.
Green bonds continued to dominate the market with $152 billion of issuance, while stronger social bond activity and resilient European volumes helped offset weaker issuance in Asia-Pacific and among corporates and supranationals. The report also highlights the growing role of sustainable debt in financing data centers, with issuance exceeding $50 billion since 2020.
Moody’s will also host a webinar, “Q2 AMER/EMEA Sustainable Debt Outlook: Data Centers Emerge as Key Market Focus”, on 20 May 2026.
*The full Outlook report is available free of charge from Moody’s (registration required to access).