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Green Bonds

A group of financial institutions that recently created the Green Bond Principles has released its governance framework, which will allow for diverse stakeholder input into the principles, provide effective oversight, and support their further development. The principles were developed with guidance from issuers, investors, and environmental groups, and serve as voluntary guidelines on recommended process for the development and issuance of Green Bonds.

The governance framework sets out the membership eligibility, which requires organizations to have issued, underwritten, or invested in Green Bonds, and admits others in the field of green finance as observers. It establishes an Executive Committee, which includes underwriters, issuers, and investors with global geographic representation. It also provides for the appointment of a Secretariat.

The International Capital Market Association (ICMA) will serve as Secretariat, assuming administrative duties, and providing guidance for the governance of the Green Bond Principles and other issues. The Secretariat’s duties include facilitating information exchange with issuers, investors, underwriters, and other stakeholders, as well as gathering input for the annual update of the Green Bond Principles.

For information on how to participate in the Green Bond Principles, please contact ICMA at greenbonds@icmagroup.org.

As the principles are designed to be industry wide, Green Bond issuers and investors as well as banks are invited to participate. Download the application form here.

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Green Bond Principles

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