The role of the Advisory Council is to advise the Executive Committee, to increase its market awareness and outreach, and to enable further engagement with specific membership categories and observers.

Members apply voluntarily and are selected for an annually renewable 1 year term. The selection is based on a balanced representation of GBP SBP Members and Observers, especially key market stakeholders such as exchanges, service providers/rating agencies, external reviewers, and law firms, as well as civil society; geographic diversity; and market share and activity of green, social and sustainability bond issuers, investors or underwriters not already represented on the Executive Committee.

The Executive Committee has made a detailed review of the deliveries that came out from each workstream of the 2019/2020 Advisory Council and acknowledged their high quality and professional substance in a letter addressed to the Advisory Council members on 8 June 2020.


The 2020/2021 Advisory Council includes 40 members:

ASEAN Capital Markets Forum (ACMF)
Ashurst LLP
Aviva Investors PLC
Bank of China Limited
BBVA, Banco Bilbao Vizcaya Argentaria, S.A.
Bloomberg LP
Bundesrepublik Deutschland- Finanzagentur GmbH
Caisse Française de Financement Local (CAFFIL)
CICERO Shades of Green Ltd
Clifford Chance LLP
Daiwa Securities Co.Ltd.
Enel S.p.A.
Ernst & Young Hua Ming LLP
Export Development Canada
Ferrovie Dello Stato Italiane S.p.A.
Financial Services Agency of Japan
Impact Investment Exchange Pte. Ltd.
Institutional Shareholder Services Inc. (ISS)
Instituto de Crédito Oficial (ICO)
International Institute of Green Finance of Central University of Finance and Economics
Latham & Watkins LLP
London Stock Exchange
Luxembourg Stock Exchange
Morgan Stanley
National Australia Bank
RAM Sustainability Sdn Bhd
Rating and Investment Information, Inc.
S&P Global Ratings
State Street Global Advisors
Stockholm Sustainable Finance Centre
The Carbon Trust
The Climate Bonds Initiative
UBS AG London Branch
United Nations Development Program
Wells Fargo Asset Management
World Wide Fund for Nature (WWF)

If you would like more information on applying or on the Terms of Reference of the Advisory Council, please contact

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