The ASCOR, representing bond investors with USD 5 trillion in assets, reported that most sovereign issuers’ climate pledges lack sufficient ambition. Only Bangladesh, Barbados, Kenya, and Morocco have emissions reduction targets aligned with a 1.5C pathway, highlighting challenges in applying sustainable finance and ESG investing metrics to sovereign debt, noting that only Japan, Germany, and France among high-income countries analyzed allocate at least 0.2% of their GDP to climate finance based on 2020 data.