Middle East green bond demand to grow; investors plan shifts in capital allocation | ZAWYA MENA Edition:
Environmental and social issues are 'very important' for bond issuers and investors worldwide.
Despite the heavy reliance of the Middle East on oil and gas, the region is the strongest to recognise impacts on businesses due to climate change, bringing forth big shifts in capital allocation.
Two thirds of issuers (85 percent in the Middle East) expect to reallocate capital noticeably in the next five years, HSBC said in its Sustainable Financing and Investing Survey 2019 report.
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