세계의 지속가능한 금융 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of sustainable finance Market

The global sustainable finance market is undergoing rapid transformation as governments, corporations, and investors increasingly integrate sustainability, climate goals, and ESG principles into capital allocation. As per the latest analysis, the market was valued at USD 5.69 trillion in 2024, is projected to rise to USD 6.32 trillion in 2025, and is expected to reach USD 21.25 trillion by 2032, reflecting a strong CAGR of 18.9% during the forecast period. This growth trajectory highlights the accelerating shift toward responsible investing, renewable energy funding, and climate-aligned finance across both advanced and emerging economies.

Market Overview

Sustainable finance integrates environmental, social, and governance (ESG) factors into financial decision-making to generate long-term economic, societal, and environmental value. In 2024, market momentum strengthened as major global policies-including the Canada Growth Fund, the EU Green Deal, and the U.S. Inflation Reduction Act (IRA)-encouraged corporate climate strategies, sustainable capital expenditure, and green bond issuances. Leading financial institutions such as BlackRock, Goldman Sachs, JP Morgan, and Morgan Stanley expanded their ESG-focused fund portfolios to meet growing investor demand for sustainability-linked assets.

The COVID-19 pandemic initially reshaped capital flows, shifting sustainable debt issuance from recovery funding to long-term climate-focused investments. The post-pandemic landscape established sustainability-related financial instruments as crucial mechanisms for enabling low-carbon transition and climate resilience.

Impact of Tariffs and Regulations

While tariffs do not immediately affect sustainability-focused investments, strict regulatory frameworks and complex tax systems in major developed economies could slow sustainable capital deployment in the short term. Restrictions on ESG-labelled products, new disclosure mandates, and rising scrutiny around greenwashing have introduced compliance hurdles. Efforts by bodies such as the International Platform on Sustainable Finance (IPSF) aim to harmonize global ESG standards, reducing fragmentation and boosting investor confidence.

Key Market Trends

A defining trend in the market is the growing emphasis on financial innovation for transparency and risk management. The expanding universe of green bonds, social bonds, transition loans, and sustainability-linked securities has improved disclosure and monitoring through automated dashboards and digital investment platforms. Enhanced ESG rating mechanisms and advanced analytics tools offer clarity on environmental risks and performance.

Investor appetite continues to rise, supported by the growing need to diversify portfolios while reducing carbon exposure. In April 2025, Franklin Templeton launched ESG-screened global ETFs designed to align climate and carbon performance with benchmark indices, reflecting the shift toward ESG-integrated exchange-traded products.

Market Drivers

Demand for green bonds, social bonds, and climate-focused funds remains at the forefront of market expansion. These instruments finance renewable energy projects such as wind, solar, and hydropower, along with sustainable agriculture, water resilience, and biodiversity conservation. In April 2025, China's Ministry of Finance issued a USD 824 million sovereign green bond to fund climate change initiatives, reinforcing the long-term potential of thematic bond issuances.

Market Restraints

The most pressing challenge is greenwashing, where misleading sustainability claims undermine investor trust. New policies such as Canada's Bill C-59 and the EU's sustainability labelling regulations now enforce stricter classification of sustainable funds. These frameworks introduce short-term compliance burdens but ultimately strengthen long-term market credibility.

Opportunities

Emerging markets-led by China, India, Brazil, South Korea, and Africa-present significant opportunities. Sustainable bonds and ESG-linked transition financing are gaining traction, with long-term opportunity potential rising by an estimated 43%. According to UNDP, global impact opportunities total USD 26 trillion in public markets and USD 5 trillion in private markets, underscoring the vast financial potential for sustainability-aligned investments.

Segmental Insights

ESG Integration leads the market due to rising investor expectations for sustainable, risk-adjusted returns.

The energy & power sector dominates industry investments, driven by renewable energy expansion, green infrastructure, and clean technology adoption. Water sustainability, waste management, and transport infrastructure also attract growing financing due to climate adaptation needs.

Regional Outlook

• Europe led the market in 2024 with USD 2.04 trillion, capturing 35% of global share, supported by EU Taxonomy alignment and SFDR regulations.
• Asia Pacific emerged as the fastest-growing region, driven by sustainable banking frameworks and climate financing policies.
• North America saw modest growth due to regulatory tightening and greenwashing crackdowns but remains a key green bond market.
• Latin America and Middle East & Africa experienced steady growth supported by expanding sustainability portfolios in Brazil, Mexico, GCC nations, and South Africa.

Conclusion

With the market expanding from USD 5.69 trillion in 2024 to USD 21.25 trillion by 2032, sustainable finance is becoming a global pillar for climate transition, ESG integration, and long-term economic resilience. As transparency improves and emerging markets accelerate sustainable investments, the sector will continue to play a transformative role in shaping the global financial ecosystem.

Segmentation By Investment Type

• ESG Integration
• Sustainable Bonds
  • Green
  • Social
  • Sustainability
  • Sustainability Linked
  • Others (Transition funds, etc.)
• Climate Funds
• Others (Debts, etc.)

By Industry

• Energy & Power
• Transport
• Infrastructure
• Land Use and Resources
• Water
• Waste
• Clean Technology
• Education
• Others (Bonds, etc.)

By Region

• North America (By Investment Type, By Industry, and By Country)
  • U.S.
  • Canada
• Latin America (By Investment Type, By Industry, and By Country)
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe (By Investment Type, By Industry, and By Country)
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific (By Investment Type, By Industry, and By Country)
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Australia
  • Rest of Asia Pacific
• Middle East & Africa (By Investment Type, By Industry, and By Country)
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Companies Profiled in the Report BlackRock (U.S.), Goldman Sachs (U.S.), Bank of America (U.S.), Bloomberg (U.S.), Morgan Stanley (U.S.), Vanguard (U.S.), State Street Global Advisors (U.S.), JP Morgan Chase (U.S.), UBS Group (Switzerland), and BNP Paribas (France).

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities, and Trends
• 3.3. Impact of Reciprocal Tariff on the Market

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Sustainable Finance Key Players (Top 3 - 5) Market Share/Ranking, 2024

5. Global Sustainable Finance Market Size Estimates and Forecasts, By Segments, 2019-2032

• 5.1. Key Findings
• 5.2. By Investment Type (USD Tn)
  • 5.2.1. ESG Integration
  • 5.2.2. Sustainable Bonds
    • 5.2.2.1. Green
    • 5.2.2.2. Social
    • 5.2.2.3. Sustainability
    • 5.2.2.4. Sustainability Linked
    • 5.2.2.5. Other (Transition Funds, etc.)
  • 5.2.3. Climate Funds
  • 5.2.4. Other (Debts, etc.)
• 5.3. By Industry (USD Tn)
  • 5.3.1. Energy & Power
  • 5.3.2. Transport
  • 5.3.3. Infrastructure
  • 5.3.4. Land Use and Resources
  • 5.3.5. Water
  • 5.3.6. Waste
  • 5.3.7. Clean Technology
  • 5.3.8. Education
  • 5.3.9. Other (Bonds, etc.)
• 5.4. By Region (USD Tn)
  • 5.4.1. North America
  • 5.4.2. Latin America
  • 5.4.3. Europe
  • 5.4.4. Asia Pacific
  • 5.4.5. Middle East & Africa

6. North America Sustainable Finance Market Size Estimates and Forecasts, By Segments, 2019-2032

• 6.1. Key Findings
• 6.2. By Investment Type (USD Tn)
  • 6.2.1. ESG Integration
  • 6.2.2. Sustainable Bonds
    • 6.2.2.1. Green
    • 6.2.2.2. Social
    • 6.2.2.3. Sustainability
    • 6.2.2.4. Sustainability Linked
    • 6.2.2.5. Other (Transition Funds, etc.)
  • 6.2.3. Climate Funds
  • 6.2.4. Other (Debts, etc.)
• 6.3. By Industry (USD Tn)
  • 6.3.1. Energy & Power
  • 6.3.2. Transport
  • 6.3.3. Infrastructure
  • 6.3.4. Land Use and Resources
  • 6.3.5. Water
  • 6.3.6. Waste
  • 6.3.7. Clean Technology
  • 6.3.8. Education
  • 6.3.9. Other (Bonds, etc.)
• 6.4. By Country (USD Tn)
  • 6.4.1. United States
  • 6.4.2. Canada

7. Latin America Sustainable Finance Market Size Estimates and Forecasts, By Segments, 2019-2032

• 7.1. Key Findings
• 7.2. By Investment Type (USD Tn)
  • 7.2.1. ESG Integration
  • 7.2.2. Sustainable Bonds
    • 7.2.2.1. Green
    • 7.2.2.2. Social
    • 7.2.2.3. Sustainability
    • 7.2.2.4. Sustainability Linked
    • 7.2.2.5. Other (Transition Funds, etc.)
  • 7.2.3. Climate Funds
  • 7.2.4. Other (Debts, etc.)
• 7.3. By Industry (USD Tn)
  • 7.3.1. Energy & Power
  • 7.3.2. Transport
  • 7.3.3. Infrastructure
  • 7.3.4. Land Use and Resources
  • 7.3.5. Water
  • 7.3.6. Waste
  • 7.3.7. Clean Technology
  • 7.3.8. Education
  • 7.3.9. Other (Bonds, etc.)
• 7.4. By Country (USD Tn)
  • 7.4.1. Brazil
  • 7.4.2. Mexico
  • 7.4.3. Rest of Latin America

8. Europe Sustainable Finance Market Size Estimates and Forecasts, By Segments, 2019-2032

• 8.1. Key Findings
• 8.2. By Investment Type (USD Tn)
  • 8.2.1. ESG Integration
  • 8.2.2. Sustainable Bonds
    • 8.2.2.1. Green
    • 8.2.2.2. Social
    • 8.2.2.3. Sustainability
    • 8.2.2.4. Sustainability Linked
    • 8.2.2.5. Other (Transition Funds, etc.)
  • 8.2.3. Climate Funds
  • 8.2.4. Other (Debts, etc.)
• 8.3. By Industry (USD Tn)
  • 8.3.1. Energy & Power
  • 8.3.2. Transport
  • 8.3.3. Infrastructure
  • 8.3.4. Land Use and Resources
  • 8.3.5. Water
  • 8.3.6. Waste
  • 8.3.7. Clean Technology
  • 8.3.8. Education
  • 8.3.9. Other (Bonds, etc.)
• 8.4. By Country (USD Tn)
  • 8.4.1. United Kingdom
  • 8.4.2. Germany
  • 8.4.3. France
  • 8.4.4. Spain
  • 8.4.5. Italy
  • 8.4.6. Russia
  • 8.4.7. Rest of Europe

9. Asia Pacific Sustainable Finance Market Size Estimates and Forecasts, By Segments, 2019-2032

• 9.1. Key Findings
• 9.2. By Investment Type (USD Tn)
  • 9.2.1. ESG Integration
  • 9.2.2. Sustainable Bonds
    • 9.2.2.1. Green
    • 9.2.2.2. Social
    • 9.2.2.3. Sustainability
    • 9.2.2.4. Sustainability Linked
    • 9.2.2.5. Other (Transition Funds, etc.)
  • 9.2.3. Climate Funds
  • 9.2.4. Other (Debts, etc.)
• 9.3. By Industry (USD Tn)
  • 9.3.1. Energy & Power
  • 9.3.2. Transport
  • 9.3.3. Infrastructure
  • 9.3.4. Land Use and Resources
  • 9.3.5. Water
  • 9.3.6. Waste
  • 9.3.7. Clean Technology
  • 9.3.8. Education
  • 9.3.9. Other (Bonds, etc.)
• 9.4. By Country (USD Tn)
  • 9.4.1. China
  • 9.4.2. Japan
  • 9.4.3. India
  • 9.4.4. South Korea
  • 9.4.5. Southeast Asia
    • 9.4.5.1. Indonesia
    • 9.4.5.2. Malaysia
    • 9.4.5.3. Vietnam
    • 9.4.5.4. Taiwan
    • 9.4.5.5. Australia
  • 9.4.6. Rest of Asia Pacific

10. Middle East & Africa Sustainable Finance Market Size Estimates and Forecasts, By Segments, 2019-2032

• 10.1. Key Findings
• 10.2. By Investment Type (USD Tn)
  • 10.2.1. ESG Integration
  • 10.2.2. Sustainable Bonds
    • 10.2.2.1. Green
    • 10.2.2.2. Social
    • 10.2.2.3. Sustainability
    • 10.2.2.4. Sustainability Linked
    • 10.2.2.5. Other (Transition Funds, etc.)
  • 10.2.3. Climate Funds
  • 10.2.4. Other (Debts, etc.)
• 10.3. By Industry (USD Tn)
  • 10.3.1. Energy & Power
  • 10.3.2. Transport
  • 10.3.3. Infrastructure
  • 10.3.4. Land Use and Resources
  • 10.3.5. Water
  • 10.3.6. Waste
  • 10.3.7. Clean Technology
  • 10.3.8. Education
  • 10.3.9. Other (Bonds, etc.)
• 10.4. By Country (USD Tn)
  • 10.4.1. GCC
  • 10.4.2. South Africa
  • 10.4.3. Rest of MEA

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. BlackRock
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Goldman Sachs
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Bank of America
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Bloomberg
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. Morgan Stanley
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Vanguard
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. State Street Global Advisors
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. JP Morgan Chase
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. UBS Group
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. BNP Paribas
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not Product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments

12. Key Takeaways