Asia-Pacific (APAC) is emerging as a key player in the global sustainable finance landscape, according to ING’s latest Sustainable Finance Pulse. The report forecasts a rebound in global sustainable finance issuance to approximately US$1.62t in 2026, up from US$1.56t in 2025, with APAC showing relative stability and growth.
In 2025, APAC’s sustainable finance issuance remained consistent with 2024 levels, bolstered by a surge in green bonds and loans. ING played a significant role, mobilising €166b in sustainable finance, a 28% increase from the previous year, surpassing its €150b annual target set for 2027. The bank’s involvement as a Sustainable Finance Coordinator in over 75% of transactions contributed to record volumes in the region.
Real estate and infrastructure are identified as pivotal sectors for transition activity, with clients seeking financing for efficient buildings and resilient assets. Notable transactions include Stoneweg European REIT’s second green bond in Singapore and Philippine National Bank’s PHP15.7b ASEAN sustainability bond.
Martijn Hoogerwerf, head of ING APAC’s Sustainable Solutions Group, noted, “In 2026, we expect more growth from APAC, and potentially a pick-up in transition issuance as policy frameworks develop.”
Despite geopolitical uncertainties, ING anticipates that real-economy investment needs, particularly in energy transition and infrastructure, will drive sustainable finance activity in 2026. The focus on practical, bankable green and transition financing solutions is expected to continue, reinforcing APAC’s role in the global sustainable finance market.
