Translations of the Sustainability-Linked Bond Principles are published

 

6 October 2020 Sustainability-Linked Bonds aim to further develop the key role that debt markets can play in funding and encouraging companies that contribute to sustainability from an environmental and/or social and/or governance perspective.
 
In June of this year, the Green and Social Bond Principles launched the Sustainability-Linked Bond Principles (SLBP), voluntary process guidelines that outline best practices for financial instruments to incorporate forward-looking ESG outcomes and promote integrity in the development of the Sustainability-Linked Bond (SLB) market by clarifying the approach for issuance of an SLB. Intended for use by market participants and designed to drive the provision of information needed to increase capital allocation to such financial products, the SLBP are applicable to all types of issuers and any type of financial capital market instruments.

In order to raise further awareness of these recently launched Principles and to encourage issuance and local adoption of SLBs, the SLBP has been translated into the following languages: Arabic, Bahasa Malay, Chinese, Danish, Dutch (Netherlands), German, Hausa (Nigeria), Italian, Japanese, Norwegian, Portuguese, Romanian, Spanish and Swedish. Access to these translations is freely available from the ICMA website. Additional translations will be made available in the coming months (Finnish, French, Greek, Russian and Turkish).

The coordinator of the translation exercise, Marilyn Ceci, Managing Directing, Global Head of ESG Debt Capital Markets, J.P. Morgan and member of the Green Bond Principles and Social Bond Principles Executive Committee said: “We are grateful to the volunteers, many of whom are Green & Social Bond Principles members and observers, who responded swiftly to the request for help in translating the Sustainability-Linked Bond Principles into 19 languages. The overwhelming support we received is evidence of the community’s commitment to reinforce the contribution of the debt markets to the sustainability agenda”.
 
The SLBP are collaborative and consultative in nature based on the contributions of Members and Observers of the Green Bond and Social Bond Principles and of the wider community of stakeholders. The Principles are coordinated by the Executive Committee. The SLBP will be updated from time to time in order to reflect the development and growth of the global Sustainability-Linked Bond market.

ICMA and the GBP SBP SLBP Executive Committee wish to extend special thanks to the following institutions which provided or reviewed translations: Actiam, Applied Logic Ltd, Athens Exchange Group, Bank of China, CaixaBank, Clifford Chance, Clifford Chance Badea, Citi Bank, CMS Francis Lefebvre Avocats, Dentons, European Investment Bank, Enel, GCA Capital Partners, HSBC Bank, Iberdrola, J.P. Morgan, Kommunalbanken AS, Luxembourg Stock Exchange, LBBW, Mizuho Securities, Nasdaq, Nordea, OP Corporate Bank, Pinebridge, Rating-Agentur Expert, Rabobank, RAM Sustainability, Securities Commission Malaysia, SMBC Nikko Securities, Union Investment, VEB.RF.
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