The principles are designed to be industry wide, thus Green, Social and Sustainability Bond issuers or Sustainability-Linked Bond issuers and investors as well as banks are invited to apply for membership.

Members shall be organizations that have issued, underwritten or placed, or invested in a Green Bond, a Social Bond, a Sustainability Bond or other debt capital market instruments aligned with the Principles that facilitate and support environmentally and socially sustainable activities.

Observers can be organizations which are active in the field of green, social and/or sustainability finance but do not qualify as Members, such as but not limited to, NGOs, universities, auditors, consultants and service providers. For more information on the respective role of Members and Observers, please see the Governance Framework.

To be admitted as a Member or as an Observer, an organisation may apply in writing to the Secretariat via greenbonds@icmagroup.org, socialbonds@icmagroup.org, sustainabilitybonds@icmagroup.org. Applications are subject to approval.

Download membership application form

An annual voluntary contribution of €10,000 is sought from all registered Members and Observers of the Principles who are not fee-paying members of the International Capital Market Association (ICMA) to assist in covering the costs incurred in the management, administration and development of the Principles, in addition to providing enhanced services. This financial contribution is not applicable to non-profit organisations, such as NGOs.



List of members

Organisation Type GBP SBP membership category Country
1919 Investment Counsel Investment firm Member investor US
ABN AMRO Bank NV Bank Member underwriter The Netherlands
ABN AMRO Investment Solutions Investment firm Member investor France
Access Bank Bank Member issuer Nigeria
ACTIAM NV Investment firm Member investor The Netherlands
Addenda Capital, Inc. Investment firm Member investor Canada
Affirmative Investment Management Investment firm Member investor UK
Africa Finance Corporation Financial institution Member issuer Nigeria
African Development Bank Financial institution Member issuer International
Agence Française de Développement Financial institution Member issuer France
Agence France Trésor on behalf of Republic of France Sovereign Member issuer France
Agricultural Bank of China Ltd. Bank Member issuer China
Aktrea Capital Pte Ltd Service provider Observer Singapore
Alliance to Save Energy NGO Observer US
Allianz Global GmbH Investment firm Member investor Germany
Alma Mater Studiorum – University of Bologna- Department of Cultural Heritage University Observer Italy
American Carbon Registry NGO Observer US
Amundi Asset Management Investment firm Member investor France
ANALISTAS FINANCIEROS INTERNACIONALES Service provider Observer Spain
ASEAN Capital Markets Forum (ACMF) Public sector Observer Malaysia
Ashurst (HK office) Law firm Observer China
Asia Pacific Loan Market Association Association Observer China
Asian Development Bank Financial institution Member issuer International
ATP Investment firm Observer Denmark
Australia and New Zealand Banking Group Limited Bank Member underwriter Australia
Aviva Investors Investment firm Member investor UK
AXA IM Paris Investment firm Member investor France
Axis Bank Bank Member underwriter India
Baker & McKenzie LLP Law firm Observer UK
Banco FICO de Carbono LTDA Service provider Observer Brazil
Banco Nacional de Obras y Servicios Públicos, S.N.C., Institución de Banca de Desarrollo (BANOBRAS) Financial institution Member issuer Mexico
Banco Santander Bank Member underwriter Spain
Bangko Sentral ng Pilipinas Public sector Observer Philippines
Bank of America Merrill Lynch Bank Member underwriter US
Bank of China Limited Bank Member issuer UK
Bank of Montreal (BMO) Bank Member underwriter Canada
BANKIA SA Bank Member underwriter Spain
BankTrack NGO Observer The Netherlands
Banque Ouest Africaine de Développement Financial institution Observer Africa
Barclays Bank Member underwriter UK
Bayerische Landesbank Bank Member underwriter Germany
BB Securities Ltd Investment firm Member underwriter UK
BBVA Bank Member underwriter Spain
BDO ITALIA S.p.A External reviewer Observer Italy
Belfius Bank Bank Member underwriter Belgium
Berlin Hyp AG Bank Member issuer Germany
Beyond Ratings Service provider Observer France
Bilanciarsi Value Srls Service provider Observer Italy
Biological Energy Ent. (BEE) Service provider Observer Malaysia
BlackRock Investment firm Member investor US
Bloomberg Financial data provider Observer US
Blue Morpho Investments Zrt. Investment firm Member investor Hungary
BNG Bank Bank Member issuer The Netherlands
BNP Paribas Bank Member underwriter France
BNP Paribas Investment Partners Investment firm Member investor France
BNY Mellon Corporate Trust Bank Observer UK
Bolsa de Valores de Quito S.A. Market infrastructure Observer Ecuador
BondNews Limited (trading as KangaNews) Media Observer Australia
Breckinridge Capital Advisors, Inc. Investment advisor Member investor US
British Columbia Investment Management Corporation Investment firm Member investor Canada
Brown Advisory LLC Investment firm Member investor US
Build America Mutual Assurance Co. Financial institution Observer US
Bundesrepublik Deutschland – Finanzagentur GmbH Public sector Observer Germany
Bureau Veritas UK Limited Service provider Observer UK
Caisse des dépôts et consignations Public institution Member issuer France
Caisse Française de Financement Local Financial institution Member issuer France
Caixa Bank S.A. Bank Member underwriter Spain
Caja Rural de Navarra Bank Member issuer Spain
California State Teachers' Retirement System Investment firm Member investor US
Candriam Member Investors Group Investment firm Member investor Luxembourg
Carbone 4 Service provider Observer France
Casgrain & Company Limited Investment firm Member underwriter Canada
CastleOak Securities, L.P. Investment firm Member underwriter US
Cecabank Bank Observer Spain
CECEP Environmental Consulting Group Limited Service provider Observer China
CECEP Hundred Technical Service (Beijing) Co.,Ltd Service provider Observer China
Center for Climate Finance Service provider Observer US
Center for Public Policy Development - ESPOL Polytechnic University – ESPAE School of Management University Observer Ecuador
Central Bank of Malta Public sector Observer Malta
Ceres NGO Observer US
China Chengxin Green Finance Technology (Beijing) Ltd. Service provider Observer China
China Lianhe Credit Rating Co., Ltd. Rating agency Observer China
China Lianhe Equator Environmental Impact Assessment Audit firm Observer China
Chris Wigley Consulting Service provider Observer UK
CIBC World Markets Inc. Bank Member underwriter Canada
CICERO Center for International Climate Research Service provider Observer Norway
Citi Bank Member underwriter US
CleanSource Capital LLC Service provider Observer US
Clifford Chance Law firm Observer UK
Climate Action Reserve NGO Observer US
Climate Bonds Initiative NGO Observer UK
Climate Policy Initiative Think tank Observer US
CM-CIC Asset Management Investment firm Member investor France
CM-CIC Securities Investment firm Member underwriter France
CMS Francis Lefebvre Avocats Law firm Observer France
Commerzbank Bank Member underwriter Germany
Commonwealth of Massachusetts Public institution Member issuer US
Comunidad de Madrid Public institution Member issuer Spain
Council of Europe Development Bank Financial institution Member issuer International
Crédit Agricole - CIB Bank Member underwriter France
Credit Suisse AG Bank Member underwriter Switzerland
Daiwa Capital Markets Europe Ltd Bank Member underwriter UK
Danske Bank Bank Member underwriter Denmark
DBS Bank Ltd Bank Member underwriter Singapore
de Volksbank N.V. Bank Member issuer The Netherlands
DekaBank Deutsche Girozentrale Bank Member underwriter Germany
Deloitte Touche Tohmatsu Limited Audit firm Observer US
Dentons Law firm Observer Canada
Deutsche Bank AG Bank Member underwriter Germany
Deutsche Hypothekenbank (Actien-Gesellschaft) Bank Member issuer Germany
Deutsche Kreditbank AG Bank Member issuer Germany
Development Bank of Japan Inc. Financial institution Member issuer Japan
DLA Piper UK LLP Law firm Observer UK
DNB Bank Member underwriter Norway
DNV GL Ltd Service provider Observer UK
DZ Bank Bank Member underwriter Germany
E. Öhman J:or Fonder AB Investment firm Member investor Sweden
EDF Corporate Member issuer France
Efinovia General Partner Investment firm Observer Luxembourg
Emprendimiento Sostenible ES, S.R.L Service provider Observer Dominican Republic
ENEA CONSULTING Service provider Observer France
Enel SpA Corporate Member issuer Italy
Engie Corporate Member issuer France
Ernst & Young Hua Ming LLP External reviewer Observer China
Ernst & Young LLP Audit firm Observer UK
Erste Asset Management Investment firm Member investor Austria
Escarus - TSKB Sustainability Consultancy Service provider Observer Turkey
ESG Tech Fintech Observer Singapore
Euroclear Bank Market infrastructure Observer Belgium
EUROFIMA Supranational organization Member issuer Switzerland
EuroMTS Ltd Market infrastructure Observer UK
EURONEXT PARIS SA Market infrastructure Observer France
European Bank of Reconstruction and Development Financial institution Member issuer International
European Investment Bank Financial institution Member issuer International
European Stability Mechanism Financial institution Observer International
Everence Investment firm Member investor US
Exeter Law School University Observer UK
Export Development Canada Public agency Member issuer Canada
Fannie Mae Financial institution Member issuer US
Ferrovie dello Stato Italiane Corporate Member issuer Italy
Financial Services Agency of Japan Public institution Observer Japan
Finnvera Oyj Financial institution Observer Finland
Fitch Ratings Rating agency Observer UK
FMO Financial institution Member issuer The Netherlands
Folksam Insurance company Member investor Sweden
Franklin Templeton Investments Investment firm Member investor UK
Freshfields Bruckhaus Deringer LLP Law firm Observer UK
Fundación Vida Silvestre Argentina (FVSA) NGO Observer Argentina
GCA Capital Partners Service provider Observer Nigeria
GHG Experts Network (dba GHG Management Institute) Service provider Observer US
Global Infrastructure Basel Foundation Service provider Observer Switzerland
Goldman Sachs Asset Management Investment firm Member investor US
Goldman Sachs International Bank Member underwriter UK
Green Finance Committee of the China Society for Finance and Banking (under the People's Bank of China) NGO Observer China
Green Finance Institute Research institute Observer UK
Green Investment Group Bank Observer UK
GreenWish Partners Service provider Observer France
GRESB B.V. Service provider Observer The Netherlands
Handelsbanken Capital Markets Bank Member underwriter Sweden
Hannon Armstrong Sustainable Infrastructure (HASI) Investment firm Member issuer US
HASB Global Franchise Finance Alliance, LLC Service provider Observer US
HEC Paris University Observer France
Helaba Bank Member underwriter Germany
Herbert J Sims & Co, Inc Investment firm Observer US
Herbert Smith Freehills LLP Law firm Observer UK
Hogan Lovells International LLP Law firm Observer UK
Hong Kong Exchanges and Clearing Limited Market infrastructure Observer China
Hong Kong Investment Funds Association Association Observer China
Hong Kong Quality Assurance Agency Service provider Observer China
Hope Blockchain Company Fintech Observer US
HSBC Bank plc Bank Member underwriter UK
HSBC Global Asset Management (GAM) Investment firm Member investor UK
Humanis gestion d'Actifs Investment firm Member investor France
Hypo Vorarlberg Bank Bank Member issuer Austria
I CARE ENVIRONNEMENT Service provider Observer France
IBERDROLA, S.A. Corporate Member issuer Spain
ICE Data Services Market infrastructure Observer UK
Impact Investment Exchange Ltd Service provider Observer Singapore
Imperial College Business School University Observer UK
Incapital LLC Investment firm Member underwriter US
Industrial and Commercial Bank of China (Europe) S.A. Bank Member issuer Luxembourg
ING Bank NV Bank Member underwriter The Netherlands
Insight Investment Investment firm Member investor UK
Institute for Global Environmental Strategies Think tank Observer Japan
Institutional Shareholder Services Inc. (ISS) Service provider Observer US
Instituto de Crédito Oficial (ICO) Bank Member issuer Spain
Instituto Embaixada Do Clima NGO Observer Brazil
International Finance Corporation Financial institution Member issuer International
International Institute for Sustainable Development - Europe Think tank Observer International
International Institute of Green Finance (IIGF) Research institute Observer China
International Union for Conservation of Nature (IUCN) - NL NGO Observer The Netherlands
Intesa Sanpaolo Spa Bank Member issuer Italy
Investec Bank plc Bank Member underwriter UK
Investing for Good CIC Ltd Investment firm Observer UK
INVESTINGREEN.ENERGY Service provider Observer UK
J.P. Morgan Bank Member underwriter US
Janney Montgomery Scott LLC Investment firm Member underwriter US
Japan Credit Rating Agency Rating agency Observer Japan
Japan Quality Assurance Organization Service provider Observer Japan
Japan Railway Construction, Transport and Technology Agency Corporate Member issuer Japan
Japan Research Institute Think tank Observer Japan
Japan Securities Dealers Association Association Observer Japan
Jefferies International Ltd Investment firm Member underwriter UK
Jupiter Asset Management Limited Investment firm Member investor UK
KBC Bank NV Bank Member underwriter Belgium
Kestrel 360, Inc. Service provider Observer US
KfW Bank Member investor Germany
King & Wood Mallesons LLP Law firm Observer UK
KOMMUNALBANKEN (KBN) Public institution Member issuer Norway
KommuneKredit Financial institution Member issuer Denmark
Kommuninvest i Sverige AB Public institution Member issuer Sweden
KPMG LLP Audit firm Observer UK
La Banque Postale Asset Management Investment firm Member investor France
LA FRANÇAISE GROUP Investment firm Member investor France
Landwirtschaftliche Rentenbank Bank Member issuer Germany
Latham & Watkins LLP Law firm Observer UK
LBBW (Landesbank Baden-Württemberg) Bank Member underwriter Germany
LCH Ltd Market infrastructure Observer UK
LGT Capital Partners Ltd. Investment firm Member investor Switzerland
Linklaters LLP Law firm Observer UK
Lloyds Bank Corporate Markets plc Bank Member underwriter UK
Loan Market Association Association Observer UK
Local Initiatives Support Corporation (LISC) Financial institution Member issuer US
Lombard Odier Asset Management (Europe) Ltd Investment firm Member investor UK
London Stock Exchange Market infrastructure Observer UK
Ludovino Lopes, Ricci e Santos Advogados Law firm Observer Brazil
Luxembourg Stock Exchange Market infrastructure Observer Luxembourg
LYXOR International Asset Management Investment firm Member investor France
M&G Investments Investment firm Member investor UK
Magyar Nemzeti Bank Public sector Observer Hungary
Main Street Partners Ltd Investment advisor Member investor UK
Manhattan College University Observer US
Martin Mills Consultants Service provider Observer UK
Massachusetts Bay Transportation Authority Public institution Member issuer US
Mayer Brown International LLP Law firm Observer UK
Measurement Matters Service provider Observer Colombia
Mikro Kapital Management S.A. Securitization fund Observer Luxembourg
Ministry of Environment, Energy and the sea Public sector Observer France
Ministry of the Environment - Government of Japan Public institution Observer Japan
Mirova Investment firm Member investor France
Mitsubishi UFJ Financial Group, Inc. (MUFG) Bank Member issuer Japan
Mitsubishi UFJ Morgan Stanley Securities Co Investment firm Member underwriter Japan
Mizuho International plc Bank Member underwriter UK
Moody's Corp Rating agency Observer US
Morgan Stanley Bank Member underwriter UK
Morrison & Foerster LLP Law firm Observer US
MPS Capital Services SpA Bank Member underwriter Italy
MUFG Securities EMEA plc Bank Member underwriter UK
Municipality Finance Plc Public institution Member issuer Finland
Nasdaq Stockholm AB Market infrastructure Observer Sweden
National Australia Bank Ltd Bank Member underwriter Australia
National Bank Financial Bank Member underwriter Canada
National Treasury Management Agency Public sector Observer Ireland
Natixis Bank Member underwriter France
NatWest Markets plc Bank Member issuer UK
NedBank Bank Member issuer South Africa
Nederlandse Waterschapsbank N.V. (NWB Bank) Bank Member issuer The Netherlands
Nikko Asset Management Investment firm Member investor US
NN Investment Partners Holdings NV Investment firm Member investor The Netherlands
Nomura International Plc Bank Member underwriter UK
Nomura Securities Co., Ltd Broker-Dealer Member underwriter Japan
Norddeutsche Landesbank Bank Member underwriter Germany
Nordea Bank Abp Bank Member underwriter Finland
Nordic Investment Bank Financial institution Member issuer International
Novethic NGO Observer France
NRW.BANK Public institution Member issuer Germany
Nuveen Investment firm Member investor US
Observatorio Español de la Financiación Sostenible Research institute Observer Spain
OFI GLOBAL INSTITUTIONAL, INC Investment firm Member investor US
OP Corporate Bank plc Bank Member underwriter Finland
Orsted S/A Corporate Member issuer Denmark
Overseas Private Investment Corporation Public institution Member issuer US
Pacific Risk Advisors Ltd Service provider Observer China
PeaceStartup Foundation NGO Observer Colombia
Pengyuan Credit Rating (Hong Kong) Company Limited Rating agency Observer China
Pension Boards - United Church of Christ Investment firm Member investor US
PGGM Vermogensbeheer B.V. (PGGM Investment Management) Investment firm Member investor The Netherlands
PIMCO Europe Ltd Investment firm Member investor UK
PineBridge Investment firm Member investor US
Piper Jaffray & Co Bank Member underwriter US
PNC Capital Markets LLC Investment firm Member underwriter US
PricewaterhouseCoopers Audit firm Observer US
Province of Ontario Public institution Member issuer Canada
Province of Quebec Public institution Member issuer Canada
Quintet Private Bank (Europe) S.A. Investment firm Observer Luxembourg
Rabobank Bank Member underwriter The Netherlands
Raiffeisen Bank International AG (RBI) Bank Member underwriter Austria
Raiffeisen Capital Management Investment firm Member investor Austria
Raiffeisen Schweiz Bank Member issuer Switzerland
RAM Sustainability Service provider Observer Malaysia
Rating and Investment Information, Inc. Rating agency Observer Japan
RBC Europe Ltd Bank Member underwriter UK
Reed Smith LLP (Singapore office) Law firm Observer UK
Refinitiv Financial data provider Observer UK
Region Ile-de-France Territorial collectivity Member issuer France
Renovate America, Inc Corporate Member issuer US
Research Institute for Environmental Finance Think tank Observer Japan
Revalue.io Investor confidence project developer Observer US
rfu (Reinhard Friesenbichler Unternehmensberatung / Business Consulting) Service provider Observer Austria
Ricardo-AEA Service provider Observer UK
Rizal Commercial Banking Corporation (RCBC) Bank Member issuer Philippines
S&P DOW JONES INDICES Service provider Observer UK
S&P Global Ratings Rating agency Observer UK
Sage Advisory Services Ltd Co Investment firm Member investor US
Schroders Investment Management Investment firm Member investor UK
Scotiabank Europe plc Bank Member underwriter UK
SEB Investment Management AB Investment firm Member investor Norway
Securities and Exchange Commission, Thailand Public sector Observer Thailand
Shanghai Clearing House Market infrastructure Observer China
Shanghai Stock Exchange (SSE) Market infrastructure Observer China
Shinsei International Limited Investment firm Member underwriter UK
SIDLEY AUSTIN LLP Law firm Observer UK
Simmons & Simmons Law firm Observer UK
Skandinaviska Enskilda Banken AB Bank Member underwriter Sweden
Slaughter and May Law firm Observer UK
SMBC Nikko Capital Markets Limited Bank Member underwriter UK
Smith School of Enterprise and the Environment - Oxford University University Observer UK
SNCF SA Corporate Member issuer France
Social Stock Exchange Ltd. Market infrastructure Observer UK
Social Value Institute SC Service provider Observer Mexico
Société du Grand Paris Territorial collectivity Member issuer France
Société Générale CIB Bank Member underwriter France
South Pole Service provider Observer Switzerland
Standard Chartered Plc Bank Member underwriter UK
Standard Ethics Ltd Rating agency Observer UK
Standish Mellon Asset Management Investment firm Member investor US
State Street Global Advisors Investment firm Member investor UK
Stichting Obligatiehoudersbelangen Market infrastructure Observer The Netherlands
Stifel, Nicolaus & Company, Incorporated Investment firm Member underwriter US
Stockholm Environment Institute Service provider Observer Sweden
Storebrand Asset Management Investment firm Member investor Norway
SUST4IN Service provider Observer Spain
Sustainable Finance Institute Asia Limited Think tank Observer Singapore
Sustainalytics B.V Service provider Observer The Netherlands
Swedbank AB Bank Member underwriter Sweden
Swedbank Robur Investment firm Member investor Sweden
Swiss Re Reinsurance company Member investor Switzerland
Symbiotics Group Investment firm Member investor Switzerland
SynTao Green Finance Co., Ltd. Service provider Observer China
The Carbon Trust Service provider Observer UK
The Climate Trust NGO Observer US
The Investment Association Association Observer UK
The London Institute of Banking & Finance University Observer UK
The Nature Conservancy NGO Observer US
THE ROCK AND PARTNERS Law firm Observer Nigeria
The Toronto-Dominion Bank Bank Member issuer Canada
Threadneedle Asset Management Limited Investment firm Observer UK
Tianjin Green Supply Chain Service Center Service provider Observer China
UBS Bank Member underwriter UK
UN Climate Change Secretariat (UNFCCC) NGO Observer International
UN Women NGO Observer US
Unibail-Rodamco Corporate Member issuer France
UNICEF Luxembourg NGO Observer Luxembourg
UniCredit Bank Member underwriter Germany
Unilever Corporate Member issuer UK
Union Investment Privatfonds GmbH Investment firm Member investor Germany
United Nations - supported Principles for Responsible Investment (PRI) NGO Observer UK
United Nations Development Programme NGO Observer International
University of Cambridge Institute for Sustainability Leadership University Observer UK
Vigeo Eiris Service provider Observer France
Wasmer, Schroeder & Company Investment advisor Member investor US
Wells Fargo Bank N.A. Bank Member underwriter US
Westpac Bank Member issuer Australia
White & Case Law firm Observer UK
World Bank Financial institution Member issuer International
World Resources Institute Think tank Observer US
World Wide Fund for Nature (WWF) NGO Observer Switzerland
Yale University University Observer US
YES BANK Ltd Bank Member issuer India
YPE - Yser Participações Energia, S.A. Service provider Observer Brazil
Zhong Lun Law Firm Law firm Observer China
Zhongcai Green Financing Service provider Observer China
Zurich Insurance Group Insurance company Member investor Switzerland
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