5 for 25

The Climate Bonds Initiative fact sheet identifies five key drivers expected to increase the flow of green, social, sustainability, and sustainability-linked bonds and loans (GSS+) in 2025, while providing provisional market volume data for 2024.

• The Climate Bonds Initiative has identified five factors that will drive the growth of GSS+ debt in 2025: the magnitude of expenditure highlighted by transition planning (including updated NDCs due in April 2025), the acceleration of policy implementation by governments elected in 2024, the development of national taxonomies and interoperability, the imperative for adaptation and resilience (A&R) spending, and the increased role of insurance companies in derisking green investments.
• Climate Bonds Initiative plans to expand its proprietary sector criteria in 2025 by launching new criteria for the Food Value Chain and Alternative Protein, updating Waste criteria, and publishing guidance on methane abatement to facilitate GSS+ deals within the oil and gas industry.
• Provisional data for 2024 shows that the volume of GSS+ debt aligned with Climate Bonds Methodologies reached USD 1.1 trillion, with a cumulative aligned volume of USD 5.7 trillion as of 31 December 2024. Green bonds were the largest segment in 2024 with an aligned volume of USD 669.7 billion.
• In 2024, cumulative aligned volumes for sustainability and social debt each exceeded the USD 1 trillion mark, while cumulative aligned sustainability-linked bond (SLB) volume reached USD 56.4 billion by the end of the year.
• Climate Bonds classifies debt instruments as 'aligned' if they meet screening methodology requirements, 'pending' if there is insufficient information, or 'non-aligned' if they fail requirements. By the end of 2024, approximately 75% of the cumulative volume issued was classified as aligned.

APA

Climate Bonds Initiative (2025). 5 for 25. https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Initiative-5-for-25.pdf

Chicago

Climate Bonds Initiative. 5 for 25. 2025. https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Initiative-5-for-25.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=5 for 25 |date=2025 |url=https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Initiative-5-for-25.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2025, author = {{Climate Bonds Initiative}}, title = {{5 for 25}}, institution = {Climate Bonds Initiative}, year = {2025}, url = {https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Initiative-5-for-25.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }