International Capital Market Association



2020Consultation FormOnce completed, please send the form to: greenbonds@By November 13, 2020 CoBLegal name of your organization: …Membership category:?Issuer?Observer?Investor?Underwriter-I- Governance, Communication and OutreachI-1The Executive Committee (ExCom) has agreed on the following priorities. Which of them do you believe require the most consideration? (Please rank in importance 1 to 6, 1 being the most important).Revisit the GBP SBP to ensure they remain aligned with current market practice.....Pursue efforts of all Working Groups, with the potential input of the Advisory Council when appropriate, to develop further guidance for market participants.….Devise a communications plan for the Principles, including highlighting ongoing deliveries from WGs ….Organise further outreach efforts including virtual events focused on specific regions and education.….Update ExCom governance with a view to optimize inclusivity and rotation, and to ensure the continued global relevance of the GBP SBP and related guidance.….Consider new holistic name for the GBP SBP following the release of the Sustainability-Linked Bond Principles. ….I-2Based on the GBP/SBP Vision & Mission, as well as the broadened mandate with the establishment of SLBP, do you feel the existing governance remains fully adequate? ?Yes?No ** If not, in which areas do you feel it falls short and what measure would you propose to amend this shortfall most effectively?I-3The Green Bond Principles, the Social Bond Principles, the Sustainability Bond Guidelines, the Sustainability-Linked Bonds are often referred to as “the Principles”. Nonetheless, the Executive Committee is considering the possibility of a more expressive/inclusive branding such as the “Green & Sustainable Bond Principles” or the “Sustainable Bond Principles”.What would be your suggestions?I-4The ExCom has agreed to devise a communications plan for the Principles and prioritise further outreach to support the international reach of the Principles. Do you have any observations or suggestions you would like to share with the ExCom?-II- Green Bonds & Sustainability-Linked BondsII-1Is there a need to update the Green Bond Principles version from 2018? ?Yes*?No* If Yes, please specify which part(s) of the Principles need to be updated?II-2For Issuers:As a current or coming issuer of green bonds or sustainability linked instruments do you expect to use the EU Taxonomy for the selection of green assets or for setting KPIs??Yes?NoPlease explain:II-3For Investors:As an investor in green bonds would you favour sustainable instruments with reference to the EU Taxonomy??Yes, we would favour sustainable instruments with reference to the EU Taxonomy?No, we won’t necessarily favour these instruments, but we will use the EU Taxonomy as a guide in our analysis?No, we won’t favour these instruments, nor will we use the EU Taxonomy in our analysis?No, other reasons - Please explain:-III- Impact ReportingFor investors:III-1Do you already use any kind of technical tools like bond databases/platforms to compile and analyse the impact of your green bond holdings? ?Yes, internal tools?Yes, external tools (publicly available)?Yes, both internal and external tools?NoIII-1-1If yes, which tools do you use? III-1-2If no, what is the main reason for not using such a tool? III-2Which barriers or challenges do you experience to compile and analyse impact of your green bond holdings?III-3What kind of impact data and functions would you consider crucial if using tools like bond databases/platforms? (multiple answers possible)downloadable reports....downloadable framework and supporting documents such as external reviews....impact data on category level....impact data on portfolio level....aggregation of impact across issuers/on fund level....project cases/examples....issuer profile, strategy etc.....other(s), please specify:....For issuers: III-4Does your organization experience any barriers to uploading, or having uploaded your impact data to impact databases/platforms??Yes?NoIII-4-1If yes, what are the most important barriers? (multiple answers possible) seems complicated....we do not report on the suggested indicators....legal barriers related to e.g. terms....cost barriers....time barriers....too many different platforms....other(s), please specify....For all:III-5Do you recommend any other current topics or open questions with relevance for impact reporting the Impact Reporting Working Group should consider going forward?-IV- Guidance handbook & HelpdeskIV-1The Executive Committee with the support of the Secretariat has published in June 2019 an up-to-date edited compendium of the former Q&A in a “Guidance handbook” organised thematically. It contains additional information on how to interpret the principles especially for its practical application for transactions, as well as in the context of market developments and complementary initiatives. The latest version published in April 2020 contains additional responses, including those arising in the context of the socioeconomic crisis created by the COVID-19 pandemic.IV-1-1How useful do you find the handbook (Please rank in importance 0 to 5, 0 being “not useful” and 5 being “very useful”)?Please explain:IV-1-2 On average, how often do you consult this handbook??once a month?once per semester?once a year?neverIV-2The Executive Committee and the Sustainability-Linked Bonds (SLBs) Working Group are envisaging to include Q&As related to SLBs in the “Guidance handbook”.In your opinion, should it be:?in a clear separate section?organised thematically with the existing Q&As for use-of-proceeds bondsIV-3What adjustments, including additional questions, do you think would be useful to improve the quality of this document?IV-4The Green Bond Principles and Social Bond Principles Helpdesk offers members and observers informal guidance on questions related to green, social and sustainability bonds specifically relating to the interpretation and application of the Principles themselves.IV-4-1Have you used the Helpdesk service in the past??Yes*?No*** Have you found it useful?** Please explain:IV-4-2If you have answered No to the above question, do you expect using the Helpdesk in the future??Yes?No** Please explain:-V-Additional key issues or suggestionsV-1Are there any additional key issues or suggestions that you would like to bring to the attention of the Executive Committee? ................
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