(ANSA) - ROME, NOVEMBER 12 - The requests for greater social justice, made more urgent by the effects of the pandemic on inequalities, could push sustainable debt issues, also due to the rapid increase in social bonds, to exceed 500 billion dollars this year .
This is stated by the rating agency S&P Global.
"The economic shocks generated by the pandemic - notes S&P - have widened the existing inequalities around the world, leading to a greater demand for social justice in addressing this threat to health".
In this context, "the poorest people, minorities and women are disproportionately suffering due to the growing gaps in health, housing, income and education in the context of COVID-19 containment measures and this could put them at a disadvantage for the years to come ".
For this reason, "in order to finance programs to address the problem, governments, supranationals and corporations, among other things, have accelerated the issuance of instruments, including social bonds, whose issuance has increased nearly four times this year. , reaching $ 71.9 billion compared to 2019 levels ".
"Also due to the rapid increase in social bond issues" the sustainable debt market "could exceed 500 billion dollars this year".
(HANDLE).