Social bond

1. Social Bond Principles (SBP).

In the context of its Social Bond Principles, the International Capital Markets Association (ICMA) defines a social bonds as any type of bond instrument where the proceeds will be exclusively applied to finance or re-finance eligible Social Projects.

Examples of social projects include:

• Affordable basic infrastructure, for example clean drinking water, sewers, sanitation, transport, energy
• Access to essential services including health, education and vocational training, healthcare, financing and financial services
• Affordable housing
• Employment generation including through the potential effect of SME financing and microfinance
• Food security
• Socioeconomic advancement and empowerment

2.

Similar bond instruments, not necessarily fully compliant with the Social Bond Principles.

See also

• Bond
• Green bond
• International Capital Markets Association
• Social Bond Principles
• Social impact bond
• Sustainability bond
• Sustainability Linked Loan Principles
• Use of proceeds bond