Sustainable finance is increasingly mainstream. Global sustainable debt issuance reached $465 billion in 2019, up 78% from 2018. New sustainable finance products continue to debut, along with scores of new issuers and borrowers, and regulators, particularly in Europe, have started enacting measures to ensure greater market transparency and consistency. While the COVID-19 pandemic has disrupted financial markets, the pandemic has also underlined social and sustainability challenges globally and presented new opportunities for financial markets to help solve these challenges. This update covers several recent regulatory developments in the sector following our last market update from July 2019.