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 | Download benefits of membership
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 and the official sector.
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 | Supra-national |
| 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. | Financial institution | Observer | China (mainland) |
| Aktrea Capital Pte Ltd | Service provider | Observer | Singapore |
| Allen & Overy LLP | Law firm | Observer | UK |
| Alliance to Save Energy | NGO | Observer | US |
| Allianz Global GmbH | Investment firm | Member investor | Germany |
| Allspring Global Investments | Investment Firm | Member investor | US |
| Alma Mater Studiorum – University of Bologna- Department of Cultural Heritage | University | Observer | Italy |
| Aluminium Stewardship Initiative Ltd. | NGO | Observer | Australia |
| American Bureau of Shipping | Service provider | Observer | US |
| American Carbon Registry | NGO | Observer | US |
| American Forest Foundation | NGO | Observer | US |
| Amundi Asset Management | Investment firm | Member investor | France |
| ANALISTAS FINANCIEROS INTERNACIONALES | Service provider | Observer | Spain |
| ANBIMA | Association | Observer | Brazil |
| Arthur Cox LLP | Law firm | Observer | Ireland |
| ASEAN Capital Markets Forum (ACMF) | Public sector | Observer | Malaysia |
| Ashurst LLP (HK office) | Law firm | Observer | China (Hong Kong) |
| Asia Pacific Loan Market Association | Association | Observer | China (Hong Kong) |
| Asian Development Bank | Financial institution | Member issuer | Supra-national |
| Association for Supporting the SDGs for the United Nations (ASD) | NGO | Observer | Korea, Republic of |
| ATP | Financial institution | Observer | Denmark |
| Australia and New Zealand Banking Group Limited | Bank | Member underwriter | Australia |
| Australian Financial Markets Association (AFMA) | Association | Observer | 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 BTG Pactual S.A. - Cayman Branch | Bank | Member issuer | Brazil |
| 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 | Bank | Member underwriter | US |
| Bank of China Limited | Bank | Member issuer | UK |
| Bank of Montreal (BMO) | Bank | Member underwriter | Canada |
| Banque Cantonale Vaudoise | Financial institution | Observer | Switzerland |
| Banque Centrale de Compensation (trading as LCH SA) | Market infrastructure | Observer | France |
| Banque Internationale à Luxembourg S.A. | Bank | Member investor | Luxembourg |
| 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 | Observer | 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 | Data services | Observer | US |
| Blue Morpho Investments Zrt. | Financial institution | Observer | Hungary |
| BLX Group LLC | external reviewer | Observer | US |
| BNG Bank | Bank | Member issuer | The Netherlands |
| BNP Paribas | Bank | Member underwriter | France |
| BNP Paribas AM | Investment firm | Member investor | France |
| BNY Mellon Corporate Trust | Bank | Observer | UK |
| BNY Mellon Wealth Management | Investment firm | Member investor | US |
| Bolsa de Valores de Quito S.A. | Market infrastructure | Observer | Ecuador |
| BondNews Limited (trading as KangaNews) | Media | Observer | Australia |
| BPCE SA | Bank | Member issuer | France |
| 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 |
| Building Research Establishment (BRE) Global Limited | Service Provider | Observer | UK |
| Bundesrepublik Deutschland – Finanzagentur GmbH | Public sector | Member issuer | Germany |
| Bureau Veritas UK Limited | Service provider | Observer | UK |
| Cadwalader, Wickersham & Taft LLP | Law firm | Observer | US |
| 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 Investors Group | Investment firm | Member investor | Luxembourg |
| Carbone 4 | Service provider | Observer | France |
| Cardano | Investment firm | Member investor | UK |
| Casgrain & Company Limited | Financial institution | Observer | Canada |
| CastleOak Securities, L.P. | Investment firm | Member underwriter | US |
| CDP Worldwide Limited | NGO | Observer | UK |
| Cecabank | Bank | Observer | Spain |
| CECEP Environmental Consulting Group Limited | Service provider | Observer | China (Hong Kong) |
| CECEP Hundred Technical Service (Beijing) Co.,Ltd | Service provider | Observer | China (mainland) |
| Center for Climate Finance | Service provider | Observer | US |
| Center for Public Policy Development - ESPOL Polytechnic University – ESPAE School of Management | University | Observer | Ecuador |
| Center for Sustainable Finance – Vlerick Business School | University | Observer | Belgium |
| Central Bank of Malta | Public sector | Observer | Malta |
| Ceres | NGO | Observer | US |
| China Chengxin Green Finance Technology (Beijing) Ltd. | Service provider | Observer | China (mainland) |
| China Lianhe Credit Rating Co., Ltd. | Rating agency | Observer | China (mainland) |
| China Lianhe Equator Environmental Impact Assessment | Audit firm | Observer | China (mainland) |
| Chris Wigley Consulting | Service provider | Observer | UK |
| CIBC World Markets Inc. | Bank | Member underwriter | Canada |
| CIC Market Solutions | Financial institution | Observer | France |
| CICERO Center for International Climate Research | External reviewer | 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 Securities | Bank | Observer | France |
| CMS Francis Lefebvre Avocats | Law firm | Observer | France |
| Commerzbank | Bank | Member underwriter | Germany |
| Commonwealth Bank of Australia | Bank | Member underwriter | Australia |
| Commonwealth of Massachusetts | Public sector | Observer | US |
| Compass ESG Ltd | Service Provider | Observer | UK |
| Comunidad de Madrid | Public institution | Member issuer | Spain |
| Council of Europe Development Bank | Financial institution | Member issuer | Supra-national |
| Crédit Agricole - CIB | Bank | Member underwriter | France |
| Crédit Mutuel Asset Management | Investment Firm | Member investor | France |
| Credit Suisse AG | Bank | Member underwriter | Switzerland |
| Czarnikow Group Limited | Service provider | Observer | UK |
| 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 Kreditbank AG | Bank | Member issuer | Germany |
| Development Bank of Japan Inc. | Financial institution | Member issuer | Japan |
| Development Bank of Southern Africa Limited | Financial institution | Member issuer | South Africa |
| DLA Piper UK LLP | Law firm | Observer | UK |
| DNB | Bank | Member underwriter | Norway |
| DNV | Service provider | Observer | UK |
| DZ Bank | Bank | Member underwriter | Germany |
| E. Öhman J:or Fonder AB | Financial institution | Observer | Sweden |
| EDF | Corporate | Member issuer | France |
| Efinovia General Partner | Financial institution | Observer | Luxembourg |
| Emerging Markets Investors Alliance | NGO | Observer | US |
| Emprendimiento Sostenible ES, S.R.L | Service provider | Observer | Dominican Republic |
| Enel SpA | Corporate | Member issuer | Italy |
| Engie | Corporate | Member issuer | France |
| Ernst & Young Hua Ming LLP | External reviewer | Observer | China (mainland) |
| Ernst & Young LLP | Audit firm | Observer | UK |
| Erste Asset Management | Investment firm | Member investor | Austria |
| Escarus - TSKB Sustainability Consultancy | External Reviewer | Observer | Turkey |
| ESG Tech | Fintech | Observer | Singapore |
| Eurex Repo GmbH | Market infrastructure | Observer | Germany |
| Euroclear Bank | Market infrastructure | Observer | Belgium |
| EUROFIMA | Financial Institution | Member issuer | Switzerland |
| EuroMTS Ltd | Market infrastructure | Observer | UK |
| Euronext Dublin | Market infrastructure | Observer | Ireland |
| Euronext Paris | Market infrastructure | Observer | France |
| European Bank of Reconstruction and Development | Financial institution | Member issuer | Supra-national |
| European Investment Bank | Financial institution | Member issuer | Supra-national |
| european primary placement facility | Market infrastructure | Observer | Luxembourg |
| European Stability Mechanism | Financial institution | Member issuer | Supra-national |
| Everence | Investment firm | Member investor | US |
| Exeter Law School | University | Observer | UK |
| Export Development Canada | Financial Institution | Member issuer | Canada |
| Fannie Mae | Financial institution | Member issuer | US |
| Ferrovie dello Stato Italiane | Corporate | Member issuer | Italy |
| Finance for Biodiversity | NGO | Observer | Switzerland |
| Financial Services Agency of Japan | Public Sector | Observer | Japan |
| Finnvera Oyj | Financial institution | Observer | Finland |
| Fitch Ratings | Rating agency | Observer | UK |
| FMDQ Group PLC | Market infrastructure | Observer | Nigeria |
| FMO | Financial institution | Member issuer | The Netherlands |
| Folksam | Insurance company | Member investor | Sweden |
| Franklin Templeton Investments | Investment firm | Member investor | UK |
| Freddie Mac (Federal Home Loan Mortgage Corporation) | Financial Institution | Member issuer | US |
| Freshfields Bruckhaus Deringer LLP | Law firm | Observer | UK |
| Fundación Vida Silvestre Argentina (FVSA) | NGO | Observer | Argentina |
| GCA Capital Partners | Service provider | Observer | Nigeria |
| Gestore dei Servizi Energetici GSE S.p.A. | Service Provider | Observer | Italy |
| GHG Experts Network (dba GHG Management Institute) | Service provider | Observer | US |
| Global Green Growth Institute (GGGI) | NGO | Observer | Korea, Republic of |
| Global Infrastructure Basel Foundation | NGO | 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 (mainland) |
| Green Finance Institute | Service provider | Observer | UK |
| Green Investment Group | Bank | Observer | UK |
| 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 | Financial institution | 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) |
| Hong Kong Investment Funds Association | Association | Observer | China (Hong Kong) |
| Hong Kong Quality Assurance Agency | External reviewer | Observer | China (Hong Kong) |
| Hope Blockchain Company | Fintech | Observer | US |
| HSBC Bank plc | Bank | Member underwriter | UK |
| HSBC Global Asset Management (GAM) | Investment firm | Member investor | UK |
| Hypo Vorarlberg Bank | Bank | Member issuer | Austria |
| I CARE ENVIRONNEMENT | Service provider | Observer | France |
| IBERDROLA, S.A. | Corporate | Member issuer | Spain |
| ICE Data Services | Data services | Observer | UK |
| Impact Group | Service provider | Observer | UK |
| Impact Investment Exchange Ltd | Service provider | Observer | Singapore |
| Imperial College Business School | University | Observer | UK |
| 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 |
| InspereX LLC | Investment firm | Member underwriter | US |
| Institute for Global Environmental Strategies | Think tank | Observer | Japan |
| Institutional Shareholder Services Inc. (ISS) | External Reviewer | 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 | Supra-national |
| International Fund for Agricultural Development (IFAD) | Financial institution | Observer | Supra-national |
| International Institute for Sustainable Development - Europe | Think tank | Observer | Supra-national |
| International Institute of Green Finance (IIGF) | Think tank | Observer | China (mainland) |
| Intesa Sanpaolo Spa | Bank | Member issuer | Italy |
| Investec Bank plc | Financial institution | Observer | UK |
| Investing for Good CIC Ltd | Financial institution | Observer | UK |
| INVESTINGREEN.ENERGY | Service provider | Observer | UK |
| Islamic Development Bank | Bank | Member issuer | Saudi Arabia |
| Itau Unibanco S.A. | Bank | Member underwriter | Brazil |
| J.P. Morgan | Bank | Member underwriter | US |
| Janney Montgomery Scott LLC | Investment firm | Member underwriter | US |
| Japan Credit Rating Agency | Externa reviewer | Observer | Japan |
| Japan Quality Assurance Organization | Service provider | Observer | Japan |
| Japan Railway Construction, Transport and Technology Agency | Corporate | Observer | Japan |
| Japan Research Institute | Think tank | Observer | Japan |
| Japan Securities Dealers Association | Association | Observer | Japan |
| Jefferies International Ltd | Financial institution | Observer | UK |
| JP Morgan Asset Management | Investment firm | Member investor | UK |
| Jupiter Asset Management Limited | Investment firm | Member investor | UK |
| Kāinga Ora – Homes & Communities | Financial institution | Member issuer | New Zealand |
| KBC Bank NV | Bank | Member underwriter | Belgium |
| Kestrel Verifiers | External reviewer | Observer | US |
| KfW | Bank | Member investor | Germany |
| King & Wood Mallesons LLP | Law firm | Observer | UK |
| Klinkby Enge | Service provider | Observer | Denmark |
| 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 |
| Loyens & Loeff N.V. | Law firm | Observer | The Netherlands |
| Ludovino Lopes, Ricci e Santos Advogados | Law firm | Observer | Brazil |
| Luxembourg Stock Exchange | Market infrastructure | Observer | Luxembourg |
| 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 |
| Matheson | Law firm | Observer | Ireland |
| Mayer Brown International LLP | Law firm | Observer | UK |
| Measurement Matters | Service provider | Observer | Colombia |
| Mediobanca - Banca di Credito Finanziario S.p.A. | Bank | Member issuer | Italy |
| Mikro Kapital Management S.A. | Financial institution | Observer | Luxembourg |
| Ministry of Environment, Energy and the sea | Public sector | Observer | France |
| Ministry of the Environment - Government of Japan | Public sector | 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 |
| MN Services N.V. | Investment firm | Member investor | the Netherlands |
| 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 |
| MSCI ESG Research | Data services | Observer | US |
| 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 | Member issuer | Ireland |
| Natixis | Bank | Member underwriter | France |
| NatWest Group | 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 | Observer | US |
| NN Investment Partners Holdings NV | Investment firm | Member investor | The Netherlands |
| Nomura International Plc | Bank | Member underwriter | UK |
| Nomura Securities Co., Ltd | Investment firm | Member underwriter | Japan |
| Norddeutsche Landesbank | Bank | Member underwriter | Germany |
| Nordea Bank Abp | Bank | Member underwriter | Finland |
| Nordic Investment Bank | Financial institution | Member issuer | Supra-national |
| Novethic | NGO | Observer | France |
| NRW.BANK | Financial institution | Member issuer | Germany |
| Nuveen | Investment firm | Member investor | US |
| Observatorio Español de la Financiación Sostenible | Service provider | Observer | Spain |
| OFI GLOBAL INSTITUTIONAL, INC | Financial institution | Observer | US |
| Ogier Global (Hong Kong) Limited | Law firm | Observer | China (Hong Kong) |
| OP Corporate Bank plc | Bank | Member underwriter | Finland |
| Orsted S/A | Corporate | Member issuer | Denmark |
| Ostrum Asset Management | Investment firm | Member investor | France |
| Overseas Private Investment Corporation | Public sector | Observer | US |
| Pacific Risk Advisors Ltd | Service provider | Observer | China (Hong Kong) |
| PeaceStartup Foundation | NGO | Observer | Colombia |
| Pengyuan Credit Rating (Hong Kong) Company Limited | Rating agency | Observer | China (Hong Kong) |
| 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 |
| Pinsent Masons LLP | Law firm | Observer | UK |
| Piper Jaffray & Co | Financial institution | Observer | US |
| PKF Attest Capital Markets AV, S.A. (PKF DCM) | Investment firm | Member underwriter | Spain |
| 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 S.A. | Financial institution | 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 | External reviewer | Observer | Malaysia |
| Rating and Investment Information, Inc. | External reviewer | Observer | Japan |
| RBC Capital Markets | Bank | Member underwriter | UK |
| Reed Smith LLP (Singapore office) | Law firm | Observer | UK |
| Refinitiv | Data services | Observer | UK |
| Region Ile-de-France | Public institution | Member issuer | France |
| Research Institute for Environmental Finance | Think tank | Observer | Japan |
| Revalue.io | Service provider | Observer | US |
| rfu (Reinhard Friesenbichler Unternehmensberatung / Business Consulting) | Service provider | Observer | Austria |
| Ricardo-AEA | Service provider | Observer | UK |
| Riksgäldskontoret (the Swedish National Debt Office) | Sovereign | Member issuer | Sweden |
| Rizal Commercial Banking Corporation (RCBC) | Financial institution | Observer | 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 |
| Scope SE & CO KGaA | Rating agency | Member investor | Germany |
| 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 (mainland) |
| Shanghai Stock Exchange (SSE) | Market infrastructure | Observer | China (mainland) |
| Shenzhen Pengyuan Green Finance Technology Co.,Ltd. | Service Provider | Observer | China (mainland) |
| Shinsei International Limited | Investment firm | Member underwriter | UK |
| SIDLEY AUSTIN LLP | Law firm | Observer | UK |
| Simmons & Simmons | Law firm | Observer | UK |
| Singapore Exchange Limited | Market infrastructure | Observer | Singapore |
| 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 Value Institute SC | Service provider | Observer | Mexico |
| Société du Grand Paris | Public institution | Member issuer | France |
| Société Générale CIB | Bank | Member underwriter | France |
| South Pole | Service provider | Observer | Switzerland |
| Standard Advisory London Limited | Financial institution | Observer | UK |
| 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 | External reviewer | 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 (mainland) |
| T. Rowe Price International Ltd | Investment Firm | Member investor | UK |
| TD Securities | Bank | Member underwriter | Canada |
| The Carbon Trust | External reviewer | Observer | UK |
| The Climate Trust | NGO | Observer | US |
| The Governance Group AS | Service provider | Observer | Norway |
| 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 Standard Bank of South Africa Limited | Bank | Member issuer | South Africa |
| Threadneedle Asset Management Limited | Financial institution | Observer | UK |
| Tianjin Green Supply Chain Service Center | Service provider | Observer | China (mainland) |
| Tokai Tokyo Securities Europe Limited | Financial Institution | Member underwriter | UK |
| Turk Standardlari Enstitusu | Service Provider | Observer | Turkey |
| UBS | Bank | Member underwriter | UK |
| UN Climate Change Secretariat (UNFCCC) | NGO | Observer | Supra-national |
| UN Women | NGO | Observer | US |
| Unibail-Rodamco | Corporate | Observer | France |
| UNICEF Luxembourg | NGO | Observer | Luxembourg |
| UniCredit | Bank | Member underwriter | Germany |
| Unilever | Corporate | Observer | 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 | Supra-national |
| United Nations Global Compact | NGO | Observer | US |
| University of Cambridge Institute for Sustainability Leadership | University | Observer | UK |
| Volksbank Wien AG | Bank | Member issuer | Austria |
| Wasmer, Schroeder & Company | Service provider | Observer | 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 | Supra-national |
| 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 (mainland) |
| Zhongcai Green Financing | Service provider | Observer | China (mainland) |
| Zurich Insurance Group | Investment firm | Member investor | Switzerland |