Sustainable finance working groups and taskforces for 2025/2026 open for registration to Members and Observers of the Principles
The Executive Committee of the Principles has decided to set up the following Working Groups (WGs) and Taskforces (TFs) for 2025/2026.
Registration to those WGs and TFs is restricted to the Members and Observers of the Principles.
Interested Members & Observers are invited to send their registration request to the Secretariat of the Principles at sustainabilitybonds@icmagroup.org at their earliest convenience and no later than 16 January 2026.
Please note that there is no automatic renewal of past registrations. Each organisation must reapply for this new term.
In order to keep each WG/TF relevant and manageable in terms of size, the involvement of participants is subject to adequate contributions of expertise and the operational capacity of the WG/TF.
Organisations can apply as:
- an active contributing member ("Active contributing members" are selected by the WG/TF Coordinators based on the candidacies of the interested parties. The required expertise can depend on the specific objectives as described in the ToR of each WG/TF. The number of active contributing members is limited.), or
- a participating member ("participating members" will be consulted as appropriate by the WG/TF Coordinators).
The detailed Terms of References (ToR) as well as the list of the WG/TF members will be published end of January 2026.
| Topic | Coordinators | Objectives | Active Contributors |
| Impact Reporting for Social Bonds - working group | BNP Paribas AM - CEB - EBRD - IFC - World Bank | 1. Complement the Handbook with sector specific guidance and metrics related to the eligible social projects (continuing with Affordable Basic Infrastructure). 2. Address the topic of digital inclusion across social categories. 3. Consider adding Q&As on specific target population (children, indigenous populations, etc.) or on any initiatives related to Social/Sustainability Bonds. |
Should be limited to 10 organisations with relevant knowledge / experience in the topics described in the objectives. |
| Climate Transition Finance - working group | BNP Paribas - BNP Paribas AM - CACIB - HSBC - Natixis | 1. Collate the feedback from the market stakeholders on the Climate Transition Bond Guidelines. 2. Review and expand the Guidelines and appendix, if appropriate. 3. Prepare and publish Q&As where relevant and required and illustrate the implementation of the Guidelines with concrete project examples, involving technical and industry experts where needed. 4. Initiate outreach to officials and regulators. |
Should be limited to 15/20 institutions, ensuring a balanced representation of issuers, underwriters and investors, but also organisations involved in Net Zero alignment assessments. |
| Official Standards and the GBP - taskforce | CACIB - EIB | Ultimate objective: dissipate uncertainty as to how different official standards relate to the GBPs, thereby reinforcing the role of the GBP as common denominator and active promoter of the green bond market globally. Methodological approach: a) use existing official standards and compare their non-taxonomy requirements with the recommendations of the GBP b) distil practical advice on how to efficiently articulate the compliance with both of them at the same time to generate synergies. |
Should be limited to 10/15 organisations with relevant knowledge and experience in the topics, while ensuring a balanced representation of different member types – and with geographic diversification, including outside the European Union. |
| FinTech & Digitalisation and Sustainable Finance - taskforce | ICMA | Provide a forum for discussion on how digitalisation can support ICMA’s sustainable finance agenda. | Not applicable. |
