How Green are Green Debt Issuers?

Green debt markets are rapidly growing while product design and standards evolving. Many policymakers investors view green as an important component in the policy mix to achieve transition a low carbon economy ensure pricing of climate risks. Our analysis contributes nascent literature on environmental impact by documenting CO2 emission intensity corporate issuers. We find lower intensities for bond issuers relative other firms, but no difference loan sustainability-linked borrowers. bond, loan, borrowers their over time at faster rate than firms.