Emerging Market Debt (EMD) is no longer just a high-yield play, it’s becoming a cornerstone of sustainable finance. As investors seek both impact and performance, integrating Environmental, Social, and Governance (ESG) factors into EMD strategies is essential. Within the European Union’s Sustainable Finance Disclosure Regulation (SFDR), Article 9 sets the benchmark for what qualifies as a truly sustainable investment. But applying these standards in emerging markets presents unique challenges and opportunities.