Sustainability Bonds are fixed-income financial instruments (bonds) where the proceeds will be exclusively used to finance or re-finance a combination of Green and Social Projects and which are aligned with the four core components of the International Capital Market Association (ICMA) Green Bonds Principles and Social Bonds principles.[1][2][3][4][5]
The main difference among green, social and sustainability bonds, lies in their sustainable categories for the allocation of proceeds,[2] sustainability bonds needing to combine both social and green categories.
- ^ Migliorelli, Marco; Dessertine, Philippe (2019). The Rise of Green Finance in Europe: Opportunities and Challenges for Issuers, Investors and Marketplaces. SSpringer Nature. ISBN 9783030225100.
- ^ a b La Torre, Mario; Chiappini, Helen (2020). Contemporary Issues in Sustainable Finance: Creating an Efficient Market through Innovative Policies and Instruments. Springer Nature. ISBN 9783030402488.
- ^ "Sustainability Bond Guidelines (SBG)". www.icmagroup.org.
- ^ "How to Issue Green Bonds, Social Bonds and Sustainability Bonds". www.ifc.org.
- ^ "Sustainability standards and labels". www.bourse.lu.
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