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Iceland’s Sustainability Bond Debut

Sigurður Ingi Jóhannsson, Iceland’s Minister of Finance and Economic Affairs, talks about the country’s inaugural green bond issuance, which was promptly followed by the world’s first sovereign gender bond.

The sovereign green bond market has come a long way since 2016, when Poland became the first country to issue a €750 million (US$805 million) bond to finance a range of climate-related projects. In 2023, a record 35 sovereigns issued sustainability bonds totalling US$169 billion – exceeding the 2022 historic…

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