IEEFA – Sustainability-Linked Bonds: Why Europe Can Reignite the Market

The main theme of the report is the market for sustainability-linked bonds (SLBs) and Europe's role in its revival.

Key findings include the potential of SLBs remaining despite a decline in issuance volumes, Enel continuing to lead the SLB market despite missing some targets, advancements in SLB structures but gaps in transition plans, the need for careful deal analysis due to differences in Italian corporate ambitions, SLB design not being one-size-fits-all, Slovenia being the first country to issue sovereign SLBs, and opportunities for large European issuers to create SLB portfolios.