The Executive Committee of the Principles has decided to set up the following Working Groups (WGs) and Taskforces (TFs) for 2025/2026.
*The ToR for each WG/TF can be accessed via the link on the title in the table below.
| Topic | Coordinators | Objectives | Active Contributors |
| Impact Reporting for Social Bonds - working group | BNP Paribas AM - CEB - EBRD - IFC - World Bank | 1. Complement the Handbook with sector specific guidance and metrics related to the eligible social projects (continuing with Affordable Basic Infrastructure). 2. Address the topic of digital inclusion across social categories. 3. Consider adding Q&As on specific target population (children, indigenous populations, etc.) or on any initiatives related to Social/Sustainability Bonds. |
Should be limited to 10 organisations with relevant knowledge / experience in the topics described in the objectives. |
| Climate Transition Finance - working group | BNP Paribas - BNP Paribas AM - CACIB - HSBC - Natixis | 1. Collate the feedback from the market stakeholders on the Climate Transition Bond Guidelines. 2. Review and expand the Guidelines and appendix, if appropriate. 3. Prepare and publish Q&As where relevant and required and illustrate the implementation of the Guidelines with concrete project examples, involving technical and industry experts where needed. 4. Initiate outreach to officials and regulators. |
Should be limited to 15/20 institutions, ensuring a balanced representation of issuers, underwriters and investors, but also organisations involved in Net Zero alignment assessments. |
| Official Standards and the GBP - taskforce | CACIB - EIB | Ultimate objective: dissipate uncertainty as to how different official standards relate to the GBPs, thereby reinforcing the role of the GBP as common denominator and active promoter of the green bond market globally. Methodological approach: a) use existing official standards and compare their non-taxonomy requirements with the recommendations of the GBP b) distil practical advice on how to efficiently articulate the compliance with both of them at the same time to generate synergies. |
Should be limited to 10/15 organisations with relevant knowledge and experience in the topics, while ensuring a balanced representation of different member types – and with geographic diversification, including outside the European Union. |
In addition, ICMA has set up the Sustainable Finance FinTech & Digitalisation (SF FT&D) Taskforce. This Taskforce looks at the nexus of sustainable finance and FinTech & digitalisation, and provides a forum for discussion on how digitalisation can support ICMA’s sustainable finance agenda. For more information on the Taskforce and to join, contact sustainabilitybonds@icmagroup.org.
