Introduction to Green, Social and Sustainability (GSS) Bonds - Livestreamed
Live sessions: November 26 and 27
10.00-13.30 CET | Time Zone Converter

Introduction to Green, Social and Sustainability (GSS) Bonds - Online self-study
Start date: 1 December


OVERVIEW
COURSE SYLLABUS
COURSE DETAILS
Green, Social and Sustainability (also called Sustainable or GSS) bonds are a means of raising finance for projects with environmental and/or social benefits. This is a fast growing market sector, with over USD300bn of green, social and sustainability bonds issued across these three formats by end of Q3 2020 representing a year-over-year increase of around 40 percent while the total number of green bond issuers now number over 800.

The Green Bond Principles (GBP), Social Bond Principles (SBP) and Sustainability Bond Guidelines (SBG) (“the Principles”) are voluntary process guidelines which make recommendations for transparency and disclosure to issuers, helping investors to make informed decisions about the bonds' environmental and social features. They are supported by a global community of more than 300 institutions and have become the internationally accepted framework for issuing in this market.

Developed by a combination of leading market practitioners and ICMA’s sustainability experts, this livestreamed course provides a thorough and practical introduction to the essentials of green, social and sustainability bonds (GSS), featuring practical examples which illustrate the steps required for making a sustainable bond issue.

It introduces the underlying market drivers, evolving regulatory framework and the main features of GSS bonds based on the Green Bond Principles, the Social Bond Principles and the Sustainability Bond Guidelines, including essential definitions of what constitutes a GSS bond issue and a detailed review of how the Principles work.

While focusing on green, social and sustainability bonds, this workshop also briefly looks at new products and developments such as the recently issued Sustainability-Linked Bond Principles, the EU Taxonomy and EU Green Bond Standard.

The course introduces the underlying market drivers, evolving regulatory framework and the main features of GSS bonds based on the Green Bond Principles, the Social Bond Principles and the Sustainability Bond Guidelines, including essential definitions of what constitutes a GSS bond issue and a detailed review of how the Principles work.
While focusing on green, social and sustainability bonds, this course also briefly looks at new products and developments such as the recently issued Sustainability-Linked Bond Principles, the EU Taxonomy and EU Green Bond Standard.


Course Outcomes


By completing this course you will be able to:
  • Identify recent trends and potential future developments and opportunities for green, social and sustainability bonds
  • Discuss why the market matters and how it works
  • Understand foundation skills for taking part in the GSS bond market - how and why to align with and apply the Principles, including:
  • Benefits of GSS bonds and developing the positioning in your organisation
  • Decision-makers: Identifying who is relevant
  • Strategy: Alignment with overall corporate / environmental strategy
  • Regulation: The Principles’ importance in regulatory trends
  • Players: Mapping leading market players
  • Identify principles aligned issuance framework: 4 pillars of GSS bonds
  • Define green and social: Types of projects eligible for GSS bonds
  • Recognise reporting frameworks: Recommendations and practice in reporting, including allocation and impact reports, and templates offered by the GBP SBP
  • Understand external reviews and other services: The role and value-added of service providers, notably external reviews foreseen by the GBP SBP and increasingly by regulators
  • Identify perspectives and roles of the key players in the GSS bond market including –regulators, investors, underwriters, issuers, external reviewers including rating agencies, stock exchanges, data and index providers.

Who should attend?
  • Firms who are looking to issue or invest in green, social and sustainability bonds
  • Market professionals involved in underwriting, research or professional services for sustainable bonds; this includes capital markets lawyers, external reviewers including rating agencies, stock exchanges, data and index providers official sector representatives promoting, supervising or developing policies on sustainable finance
  • Press, academics and other professionals with an interest in sustainable finance and the merits of sustainable bond markets

Course Trainers 

Raymond Seager
Simone Utermarck

The course syllabus is divided into the following areas:

Section I – Product Landscape
Module I - The Big Picture: Policy Context of Sustainable Finance
Module II - Product Snapshot: Green and Social
Module III - Market organisation and product guidance
Module IV - Dynamics in GSS bond markets

Section II – Green Bond Principles

Module I – GBP Pillar I 
Module II - GBP Pillar II & III
Module III - GBP Pillar IV
Module IV – External Reviews

Section III – Social Bond Principles

Module I – Social Bond Principles

Section IV – Coming to Market

Module I – Market Participants
Module II – Preparing for Market

Section V – Sustainability-Linked Bond Principles

Module I - Sustainability-Linked Bond Principles

 

 

Section I – Product Landscape

Module I - The Big Picture: Policy Context of Sustainable Finance  

Module II - Product Snapshot: Green and Social

Module III - Market organisation and product guidance

Module IV - Dynamics in GSS bond markets

 

Section II – Green Bond Principles

Module I – GBP Pillar I  

Module II - GBP Pillar II & III

Module III - GBP Pillar IV

Module IV – External Reviews

 

Section III – Social Bond Principles

Module I – Social Bond Principles

 

Section IV – Coming to Market

Module I – Market Participants

Module II – Preparing for Market

 

Section V – Sustainability-Linked Bond Principles

Module I - Sustainability-Linked Bond Principles

Online Course

Delegates who sign up to online courses will have access for 6 months to enable them to take advantage of the additional online resources, discussion boards and other functions of our new digital learning platform.

Online courses start on the 1st of each month.
Start: 1 December





Online course fees

Self-study online course fees:
  • ICMA Members: EUR 950 + VAT (if applicable)
  • Non-members: EUR 1,200 + VAT (if applicable)
Costs include full access to the online campus, associated learning materials and the examination fee. Please note that payment for online courses must be received before the start of the course.

As an indicative guide, we would recommend a total of 90 study hours is required to go through the material. Please note this is an approximate guide only.



Livestreamed Course

ICMA courses are delivered via video conferencing accessed on our digital learning platform, using the most effective pedagogical approaches and incorporating interactive functions like virtual breakout rooms.
The "Introduction to Green, Social and Sustainability (GSS) Bonds" live sessions are delivered in two 3.5 hour sessions over the course of two days. You will be given access to the course materials before the live sessions, and will have access to those for a total of six months. During these six months you will have the option to keep working through the course materials at your own pace. 
Next datesTBC
Register your interest for this course at education@icmagroup.org
Livestreamed workshop fees
Members: EUR 950 + VAT (if applicable)
Non-members: EUR 1,200 + VAT (if applicable)
Costs include full access to the online campus and associated learning materials. Please note that payment must be received before the start of the course.    
ICMA courses are delivered via video conferencing accessed on our digital learning platform, using the most effective pedagogical approaches and incorporating interactive functions like virtual breakout rooms.

The "Introduction to Green, Social and Sustainability (GSS) Bonds" live sessions are delivered in two 3.5 hour sessions over the course of two days. You will be given access to the course materials before the live sessions, and will have access to those for a total of six months. During these six months you will have the option to keep working through the course materials at your own pace.

Live sessions: November 26 and 27
10.00-13.30 CET | Time Zone Converter




Livestreamed workshop fees

Members: EUR 950 + VAT (if applicable)
Non-members: EUR 1,200 + VAT (if applicable)

Costs include full access to the online campus and associated learning materials. Please note that payment must be received before the start of the course.
For security reasons, delegates who have not registered in advance will not be admitted to the live sessions.

 


Contact

Should you have any queries, please contact education@icmagroup.org.


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