PUBLISHER: Grand View Research | PRODUCT CODE: 1321388
PUBLISHER: Grand View Research | PRODUCT CODE: 1321388
The global sustainable finance market size is expected to reach USD 2,589.90 billion by 2030, growing at a CAGR of 22.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rise of impact investing has been a significant driver of the sustainable finance industry. Impact investors aim to generate measurable positive social and environmental impacts alongside financial returns. This approach has attracted diverse investors, including institutional investors, high-net-worth individuals, and philanthropic foundations.
The demand for impact investments has created a broader ecosystem supporting sustainable finance and channeling capital toward projects addressing pressing societal and environmental challenges. Moreover, international initiatives and collaborations have been crucial in driving the growth of the sustainable finance industry. Global agreements such as the Paris Agreement and the United Nations Sustainable Development Goals (SDGs) have set a clear agenda for sustainable development, mobilizing financial resources and catalyzing action.
In September 2022, Novata and S&P Global Market Intelligence formed a partnership to offer private market investors an integrated data solution that streamlines the collection of financial, environmental, social, and governance data. As part of this collaboration, Novata's ESG data platform will be accessible to S&P Global Market Intelligence customers, enabling them to seamlessly combine ESG data with financial data, thereby providing a comprehensive source of insights. By leveraging this partnership, investors would benefit from a more holistic understanding of both the financial and sustainability performance of companies operating in the private markets.
The COVID-19 pandemic has highlighted the interconnectedness between environmental, social, and economic factors. Investors and companies increasingly realize that sustainable practices can contribute to long-term profitability and resilience. This shift in mindset has encouraged businesses to incorporate sustainability into their strategies, resulting in increased demand for sustainable financing options.