ICMA Principles Committee publishes nature bonds guide and updates sustainable finance guidance
The Executive Committee of the Green, Social, Sustainability and Sustainability-Linked Bond Principles (the Principles), supported by the International Capital Market Association (ICMA), published new guidance. The main publication, ‘Sustainable Bonds for Nature: A Practitioner's Guide’, provides the framework for nature-related bond issuance across both public and private sectors. The Committee also released updates to existing guidance including: revised Green Bond Principles, new checklists for green enabling projects, expanded key performance indicators and consolidated allocation reporting guidance. The Principles serve as voluntary standards for the US$6trn sustainable bond market and are referenced by 98% of sustainable bond issuers.