35 years: Sustainable finance & banking
In the first video this series on Social & Sustainability bonds, Stephanie identifies the uses of social & sustainability bond issuance, i.e. to fund social and environmental projects, and discusses whether they have been effective.
In the first video this series on Social & Sustainability bonds, Stephanie identifies the uses of social & sustainability bond issuance, i.e. to fund social and environmental projects, and discusses whether they have been effective.
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12 mins 32 secs
The Coronavirus pandemic has had a dramatic impact on economic activity, and at the same time has exposed many fault lines in society which governments will be expected to tackle. It has led to an increase in the issue of social bonds (funding social projects) and sustainability bonds (social and environmental projects). This video will explore the “Covid Response Bond”, the four pillars set out by The Social Bond Principles and some of the challenges around measuring social impact.
Key learning objectives:
Define "Covid Response Bond"
Outline the ‘four pillars' set out by The Social Bond Principles (SBP)
Understand how useful the SBP is for issuers
Understand the impact of social measures
Understand why sustainability bonds increased in issuance this year
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The social bond market benefited from the launch in [2018] of The Social Bond Principles (SBP), which operate like the Green Bond Principles under the auspices of ICMA. The SBP, like the GBP, set out four “pillars” to which the issuer should adhere, in order to meet best market practice. These are:
The SBP has an excellent website which features a resource centre providing case studies and guidance on metrics and key performance indicators. As an example, an issuer looking to provide access to safe drinking water might report on the number of new households connected to a safe supply or the number of plants constructed. Health metrics might include maternal and infant mortality or simply the number of patients treated in a new or improved facility.
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