Asian transport entities have been the most active issuers within the labeled debt financing space in recent years, Sustainable Fitch said in a Wednesday release.

Increased activity among Asian issuers contributed to 2024 being the third-highest year for such issuance, the ESG rating provider said.

Overall, 46% of transport entities rated by Sustainable Fitch received an ESG entity rating of 2, pointing to a good profile, with the rest having a 3 rating for a neutral profile.

Aviation and shipping sectors obtained weaker environmental ratings compared to the more benign rail sector, Sustainable Fitch said.

The entities generally have a positive social impact through support for socioeconomic developments, the rating provider said.

However, they also receive weaker ratings on their social profiles, which cover policies, targets, and disclosures, especially regarding gender figures.