Sustainability Bond Guidelines
The Sustainability Bond Guidelines are issued by the International Capital Markets Association (ICMA).
The guidelines confirm the relevance of the Green Bond Principles (GBP) and Social Bond Principles (SBP) - together known as 'the Principles' - to the Sustainability Bond market.
The common four core components of the Principles, and their recommendations on the use of external reviews and impact reporting, therefore also apply to Sustainability Bonds.
It is recognised that social projects may also have environmental benefits, and that green projects may have social benefits.
The classification of a use of proceeds bond as a Green Bond, Social Bond, or Sustainability Bond should be determined by the issuer based on its primary objectives for the project.
- Global bond
- Green bond
- Social bond
- Social impact bond
- Sustainability bond
- Sustainability Linked Loan Principles
- Use of proceeds bond