“New Wharton research shows that investors pay more for bonds with ESG scores. For issuers that stay silent, the cost is higher borrowing.”

[COMMENTARY] Again, another story of how investors are still highly valuing ESG and sustainability factors in their investments.
Why ESG Scores Are Moving the $4 Trillion Municipal Bond Market, by Seb Murray, October 14, 2025, Knowledge at Wharton, USA.