ICMA publishes Chinese translation of Sustainable finance: High-level definitions
8 Jul, 2020 11:26
source: Singularity Financial
Singularity Financial Hong Kong July 8, 2020 – ICMA publishes Chinese translation of Sustainable finance: High-level definitions (Source: ICMA Press Release)
Sustainability has become a mainstream consideration for the financial sector. There is however a need for convergence on terminology among market participants and wider stakeholders.
In the original English-language Definitions from May 2020, ICMA proposed high-level definitions building on current market usage and existing official sector terminology for the most commonly used terms in the sustainable finance field, for example climate finance, impact finance, green finance and social finance. The objective is to help all participants and stakeholders to use a common and transparent vocabulary. It is also designed as a contribution to other ongoing efforts in the financial industry to develop a consensus around key terms and definitions in sustainable finance.
The Definitions is the second publication from ICMA’s Sustainable Finance Committee, which brings together representatives from various ICMA committees, including our buy-side, corporate issuer and legal and documentation committees, as well as the Executive Committee of the Green Bond Principles and Social Bond Principles, to address cross-cutting sustainable finance developments.
Also available are Chinese translations of the Green Bond Principles, the Social Bond Principles (2018 edition), and the Sustainability Bond Guidelines (2017 edition).
International Capital Market Association (ICMA)
ICMA is the trade association for the international capital market with around 600 member firms from more than 60 countries, including banks, issuers, asset managers, central banks, infrastructure providers and law firms. It performs a crucial central role in the market by providing industry-driven standards and recommendations for issuance, trading and settlement in international fixed income and related instruments. ICMA liaises closely with regulatory and governmental authorities, both at the national and supranational level, to help to ensure that financial regulation promotes the efficiency and cost effectiveness of the capital market. ICMA provides the secretariat for the Green Bond Principles and Social Bond Principles.