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Please consult the Frequently Asked Questions for further information.

I. Recommended templates

The GBP and SBP 2017 provides a recommended template for issuers to inform the market on GBP and SBP alignment. It also recommends the public disclosure of external reviews either in summary format through a recommended template and/or in its entirety.

These completed templates and reviews can be made available for market information on the Resource Centre, and should be forwarded for that purpose to the Secretariat at greenbonds@icmagroup.org, socialbonds@icmagroup.org, sustainabilitybonds@icmagroup.org.

Download Information Template

Download External Review Form



II. Completed templates in Green Bond database

Completed templates can be found on the Green Bond database here.

The information on this Web page has been provided by third-party sources and is intended for general information only (the “Information”), and is not intended to be and should not be relied upon as being legal, financial, investment, tax, regulatory, business or other professional advice.  ICMA is not responsible for the accuracy, reliability, currency or completeness of the Information. ICMA does not represent or warrant that the Information is accurate, suitable or complete and neither ICMA nor its employees or representatives shall have any liability arising from, or relating to its use.
For reference, please find below publicly available resources addressing in particular examples and methodologies for the Use of Proceeds from existing Green Bond issuers, non-profit and non-government organizations, and other relevant stakeholders.

I Multilateral Development Banks (Green Bond issuers)

In addition to the resources listed below from Multilateral Development Banks (MDBs), an informal working group of four of the MDBs active in the green bond market – the African Development Bank (AfDB), the European Investment Bank (EIB), the International Finance Corporation (IFC), and the World Bank (IBRD) – have put together a Proposal for a harmonized framework for impact reporting on Renewable Energy/Energy Efficiency projects consistent with the 2015 GBP which can be viewed here. Any comments on this document are welcomed and can be sent to greenbonds@icmagroup.org.

A. African Development Bank (AfDB)
http://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/green-bond-program/climate-change/
http://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/green-bond-program/portfolio-selection/

The African Development Bank’s website also hosts the Joint multilateral development bank methodology for tracking adaptation and mitigation finance:
http://www.afdb.org/en/topics-and-sectors/sectors/climate-change/climate-finance-tracking-at-afdb/

B. BNG bank
https://www.bngbank.nl/Pages/Investors/BNG-Bank-Sustainable-Bond-Framework.aspx

C. European Bank for Reconstruction and Development (EBRD)
http://www.ebrd.com/cs/Satellite?c=Content&cid=1395239037269&pagename=EBRD%2FContent%2FContentLayout

D. European Investment Bank (EIB)
Environmental and Social Practices Handbook and EIB’s Screening and Assessment Criteria for Energy Projects
http://www.eib.org/attachments/strategies/environmental_and_social_practices_handbook_en.pdf
http://www.eib.org/attachments/strategies/eib_energy_lending_criteria_en.pdf

E. FMO
https://www.fmo.nl/sustainability-bonds

F. International Finance Corporation (IFC)

Overview over IFC Green Bonds
http://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/about+ifc_new/ifc+governance/investor+relations/grnbond-overvw

For more information on IFC’s Environmental and Social Performance Standards and Corporate Governance Policy, please see
:

Environmental and Social Performance Standards and Guidance Notes:
http://www.ifc.org/wps/wcm/connect/topics_ext_content/ifc_external_corporate_site/ifc+sustainability/our+approach/risk+management/performance+standards/environmental+and+social+performance+standards+and+guidance+notes

Corporate Governance:
http://www.ifc.org/wps/wcm/connect/topics_ext_content/ifc_external_corporate_site/corporate+governance/cg+development+framework

G. KfW
https://www.kfw.de/KfW-Group/Investor-Relations/KfW-Green-Bonds/KfW-Green-Bonds-Reporting/index.html

H. Kommunalbanken Norway (KBN)
http://www.kommunalbanken.no/en/funding/funding-program/green-bonds

I. Nederlandse Waterschapsbank N.V. (NWB Bank)
https://www.nwbbank.com/green-bond.html

J. Nordic investment Bank (NIB)
For more information on NIBs sustainability policy, please see
http://www.nib.int/filebank/56-Sustainability_Policy_Guidelines-2012.pdf
and for more information on NIB Environmental Bonds, please see:
http://www.nib.int/capital_markets/environmental_bonds

K. World Bank (IBRD), World Bank Green Bond Criteria
http://treasury.worldbank.org/cmd/htm/WorldBankGreenBonds.html
http://treasury.worldbank.org/cmd/htm/MoreGreenProjects.html
http://treasury.worldbank.org/cmd/pdf/ImplementationGuidelines.pdf

II Other sources

A. Ceres
Ceres is a non-profit organization advocating for sustainability leadership. Ceres mobilizes a powerful network of investors, companies and public interest groups to accelerate and expand the adoption of sustainable business practices and solutions to build a healthy global economy.
http://www.ceres.org/files/investor-files/statement-of-investor-expectations-for-green-bonds/view

B. Climate Bonds Initiative (CBI)
Green Bonds Taxonomy (CBI is not a Green Bond Issuer but has developed an independent, third party standard)
http://www.climatebonds.net/standards/taxonomy
www.climatebonds.net

C. Organization of Economic Development and Cooperation (OECD)
The Organisation for Economic Co-operation and Development (OECD) is an international economic organisation of 34 countries founded in 1961 to stimulate economic progress and world trade
http://www.oecd.org/greengrowth/

D. The Global Real Estate Sustainability Benchmark (GRESB)
GRESB is an industry-driven organization committed to creating transparency in the sustainability performance of the global real estate sector. GRESB has issued Green Bond Guidelines for the Real Estate Sector.

The information on this Web page has been provided by third-party sources and is intended for general information only (the “Information”), and is not intended to be and should not be relied upon as being legal, financial, investment, tax, regulatory, business or other professional advice.  ICMA is not responsible for the accuracy, reliability, currency or completeness of the Information. ICMA does not represent or warrant that the Information is accurate, suitable or complete and neither ICMA nor its employees or representatives shall have any liability arising from, or relating to its use.


I. Impact reporting

Suggested Impact Reporting Metrics for Sustainable Water and Wastewater Management Projects released in June 2017 by the GBP Impact Reporting Working Group.

To view the document related to a revised Proposal for a harmonized framework for impact reporting on Renewable Energy/Energy Efficiency projects consistent with the 2015 GBP, dated December 2, 2015 and prepared by an informal working group of 11 International Financial Institutions active in the green bond market, please click here. Any comments on this document are welcomed and can be sent to greenbonds@icmagroup.org.
You can also refer to a summary of those MDBs practices and their alignment with the GBP.


II. Green Bond Database and Indices Providers

The GBP Databases and Indices Working Group has produced useful summaries of Green Bond Databases and Green Bond Indices that are now available to the market.

III. Correspondence

BankTrack

BankTrack is an international NGO
Open letter on the 2015 update of the Green Bond Principles
GBP response to the signatory organisations of the open letter on the 2015 update of the Green Bond Principles


IV. Green Bond Tutorial

For those interested in better understanding the nature of green bonds, you can usefully refer to the presentation available on the World Bank website.


V. Chinese Green Bond Market

Official Rules: ICMA is pleased to make available to the market English versions of the Green financial bond rules of the People’s Bank of China (PBOC). The documents include the PBOC Announcement and the Preparation Instructions on Green Bond Endorsed Project Catalogue (2015 Edition). These translations have been coordinated and made available by ICMA for information only. In case of any discrepancy between these translations and the original Chinese version, please refer to the Chinese version as the official document.

NAFMII (National Association of Financial Market Institutional Investors) and ICMA Report  A comprehensive report on how the Green Bond market in China has developed over the past few years has been published in March 2017, detailing the critical factors which have allowed Green Bond issuance in China to expand so rapidly, with reference to developments in the international green bond market.  It aims to provide issuers, investors and other market participants with information about the development of the Chinese and international green bond markets, including operational practices, standards and reporting, to encourage more participation in this market and expand financing channels for sustainable development.
Access ‘The practice and prospects for green bond market development at home and abroad’ (Chinese)
Access ‘The practice and prospects for green bond market development at home and abroad’ (English)

VI. International framework

Equator Principles: The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.
Currently 89 Equator Principles Financial Institutions (EPFIs) in 37 countries have officially adopted the EP, covering over 70 percent of international Project Finance debt in emerging markets. http://www.equator-principles.com/


VII. Research reports

The information on this Web page has been provided by third-party sources and is intended for general information only (the “Information”), and is not intended to be and should not be relied upon as being legal, financial, investment, tax, regulatory, business or other professional advice.  ICMA is not responsible for the accuracy, reliability, currency or completeness of the Information. ICMA does not represent or warrant that the Information is accurate, suitable or complete and neither ICMA nor its employees or representatives shall have any liability arising from, or relating to its use.