Introduction to Green, Social and Sustainability (GSS) Bonds

 

Introduction to Green, Social and Sustainability (GSS) Bonds - Livestreamed format
Live sessions: 1-2 October

OVERVIEW
COURSE SYLLABUS
REGISTRATION DETAILS
Date and Venue

Date: 1-2 October

Time - Day 1:
10:00-13:30 CET | 09.00-12.30 GMT
Time - Day 2: 10:00-13:30 CET | 09.00-12.30 GMT

Venue:
Livestreamed (virtual delivery)


Overview

Green, Social and Sustainability (also called Sustainable or GSS) bonds are a means of raising finance for projects with environmental and/or social benefits. Over $275bn of green, social and sustainability bonds were issued across the three formats by end of Q2 2020 representing a year-over-year increase of around 33%. Green bonds alone totalled nearly $230bn in issuance and at least 61 market entrants from 21 countries contributed this number while bringing the total number of green bond issuers to over 800 (Source: CBI).

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.


Summary
Developed by a combination of leading market practitioners and ICMA’s sustainability experts, this livestreamed workshop 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 Standar

Developed by a combination of leading market practitioners and ICMA’s sustainability experts, this livestreamed workshop 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.


By completing the programme, 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
The course syllabus is divided into the following areas:

Day 1
Introduction – the Mainstreaming of Sustainable Finance
Breakout session
Dynamics in the GSS bond markets
GSS Bond Product Snapshot
Focus on the 4 Pillars of the Green Bond Principles
Analysis of the GBP’s Core Pillars; Pillar 1: Use-of-Proceeds
Pillar 2: Process for Project Evaluation and Selection & Pillar 3: Management of Proceeds
Pillar 4: Reporting
Day 1:
  • Introduction – the Mainstreaming of Sustainable Finance
  • Breakout session
  • Dynamics in the GSS bond markets
  • GSS Bond Product Snapshot
  • Focus on the 4 Pillars of the Green Bond Principles
  • Analysis of the GBP’s Core Pillars; Pillar 1: Use-of-Proceeds
  • Pillar 2: Process for Project Evaluation and Selection & Pillar 3: Management of Proceeds
  • Pillar 4: Reporting

Day 2
  • The Social Bond Principles
  • Introducing External reviews
  • The Social Bond Principles
  • Coming to market
  • Preparing for the market
  • Market governance and regulation
  • Sustainability-linked Bonds and other emerging themes

 

 

Livestreamed Workshop


ICMA courses and workshops 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:
October 1-2





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.


Contact

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



Registration & Delegate Fees

ICMA Members: EUR 1,600.00 + VAT
Non-members: EUR 2,080.00 + VAT

Registration in advance is essential. Delegate fees are payable, in advance of the course start date, by invoice or credit card (Visa, MasterCard).
Registration

To register for this event, please click here.

Delegate Fees

ICMA Member: £1200 + 20% VAT
Non Member: £3500 + 20% VAT

Delegate fees are payable, in advance of the course start date, by credit card (Visa, MasterCard) only.


Register for the Introduction to Green, Social and Sustainability (GSS) Bonds - Livestreamed on 1-2 October


Personal details

Employer details

Yes
No
Yes
No


Special requirements and comments

c) Please be aware that your name will be included on the delegate list on the online learning platform. If you do not want your name included, please email the Education team.

d) We would like to send you by e-mail occasional news from ICMA including regulatory updates and invitations to ICMA events and training courses, you can unsubscribe from this at any time.
Yes, please sign me up to receive updates from ICMA


Terms and Conditions

1.1
I understand that my reservation for the above course shall be accepted and confirmed if ICMA sends me a respective confirmation in writing within 3 business days from receipt of my payment. I also understand that if ICMA does not send me such confirmation within the specified period my reservation could not be considered and that the course fee will be refunded to me in full.

1.2

I agree that ICMA shall have the right to cancel courses and workshops at its own discretion for any reason (including e.g. if a sufficient minimum number of participants is not reached before the start date of the relevant course). In the event of such cancellation, the course fee will be refunded to me in full. I agree that ICMA shall not be liable for any expenses incurred by me, my employer, or anyone else on my behalf, due to the cancellation.

1.3
In the case that I want to cancel my reservation for this course I shall notify ICMA (attention Education Team) in writing without delay. I agree to the following cancellation fees being applied by ICMA:

until the 30th calendar day before the start date of the relevant course = 10%
from the 29th calendar day to the 15th calendar day before the start date of the relevant course = 50%
from the 14th calendar day to the last calendar day before the start date of the relevant course = 75%
on or after the start date of the relevant course = 100%

Refunds will only be processed after the completion of the relevant course and after the return of any course material already provided to you. Any such material must be returned undamaged and at your own expense.

1.4
I agree that if I fail to attend or complete this course within the given deadline, without following the cancellation procedure (see 1.3 above), no refund of the course fee shall take place.

1.5
Delegates must register before the course in order to be allowed to join the course. I understand that registrations for online and livestreamed courses are non-transferable and non-refundable. I understand that substitutions can be made for classroom based courses at no charge subject to the condition that ICMA (attention Education Team) is notified accordingly in writing and provided with the details of the substitute (see 1.1 above) not later than 48 hours before the relevant course commences.

1.6
I agree that ICMA and its affiliate entities may retain the information supplied on this form on a database and use it for the purpose of course and event administration, and, IF I have ticked the relevant boxes above, include my name and name of my employer in a class list which may be distributed at the course in hard copy or to other registered delegates in electronic form as well as for the purposes of advertising future courses and events and promoting ICMA.

1.7
Delegates should be aware that a photographer may be on site throughout the course in classroom-based courses. Photographs taken at this course may be used in future promotional materials.


Delegate Fees

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

If applicable:

Accommodation is not included in the price and delegates must arrange their own accommodation.

Please do not book your travel until advised to do so by ICMA. We will inform you when the course is confirmed to go ahead. For security reasons, delegates who have not registered in advance will not be admitted to this course. If you have any queries regarding this course, please contact ICMA Education.

Course materials will be provided to candidates (where necessary) in electronic format prior to the start of programme. Please ensure that you have these with you during the course as hard copies of course materials are not provided. Where specified, candidates are required to bring any additional equipment (for example, a bond calculator) at their own expense.


Please tick here to agree to the terms and conditions

I agree to the above terms and conditions
ICMA Zurich

T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich
ICMA London

T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris

T: +33 1 70 17 64 72
62 rue la Boétie
75008 Paris
ICMA Hong Kong

T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
 
Copyright © 2020 International Capital Market Association.