Jurisdiction(s):
United Kingdom

Blue bonds: ICMA-aligned standards, issuance steps (frameworks, SPOs, listings), post-issuance reporting and market outlook for financing the sustainable blue economy

Published by a LexisNexis Banking & Finance expert

Practice notes

The ‘Blue Economy’

The Blue Economy comprises economic activity that both depends upon, or exerts an effect on, coastal and marine resources. As set out by the International Finance Corporation (IFC), the blue (or ocean) economy is projected to double in size to US$3tn by 2039, employing 40 million people worldwide when compared with 2010. The financial sector will be central to this trajectory overall and, although the space is still relatively new, it indeed appears that blue bonds in particular are set to play a significant role in realising a sustainable blue economy.

This Practice Note considers:

what blue bonds are
blue bond issuances in the market
the steps involved in issuing a blue bond
the prospects for blue bonds

The potential, and rising prominence, of blue bonds is illustrated by the publication of Bonds to Finance the Sustainable Blue Economy (the Guidance), the product of a collaboration between the Asian Development Bank (ADB), International Capital Market Association (ICMA), IFC, United Nations Environment Programme—Finance Initiative (UNEP FI) and United Nations Global Compact (UNGC)...

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Web page updated on 21/05/2026

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