In the last decade, there has been increased interest in lipase/esterase-catalyzed ring-opening polymerization as an alternative to metal-based catalytic processes. This review focuses on three components in the reaction system, namely biocatalysts, reaction medium and monomers. Novel lipases or esterases are described with particular emphasis on, those derived from thermophiles, immobilized enzymes and recombinant whole-cell biocatalysts. Green solvents in enzymatic ring-opening polymerization, including water, ionic liquids, supercritical carbon dioxide and hydrofluorocarbon solvents, are also discussed. Enzymatic ring-opening polymerization is reviewed with regard to the variety of polymers obtainable, such as polyesters, polycarbonates,...