Sustainability bonds are bonds where the proceeds will be exclusively applied to finance or re-finance a combination of both green and social projects. The Sustainability Bond Guidelines (SBG), updated as of June 2021, confirm the relevance of the Principles in this context and facilitate the application of their guidance on transparency and disclosure to the sustainability bond market. The common four core components of the Principles and their recommendations on the use of external reviews and impact reporting therefore also apply to sustainability bonds.
For additional information on how to interpret this guidance especially for its practical application for transactions, as well as in the context of market developments and complementary initiatives, see the Guidance Handbook.
Translations of the Sustainability Bond Guidelines
Please note that the following translations are related to both the 2017 and the 2018 SBG editions, therefore the edition that each translation currently refers to is indicated below. They will be updated with the 2021 changes progressively.