Regulatory Alerts2018-10-08
ASEAN Sustainability Bond Standards
The ASEAN Capital Markets Forum issued the ASEAN Sustainability Bond Standards to guide the issuance of bonds financing both green and social projects. These standards align with ICMA guidelines and require issuers to comply with both the ASEAN Green Bond and Social Bond Standards regarding project evaluation, proceeds management, and reporting. Issuers must ensure proceeds are not used for ineligible activities such as fossil fuel power generation or projects with negative social impacts like gambling and weaponry.
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