The ASEAN Green Bonds Standards is an initiative that facilitates ASEAN capital markets in tapping green finance to support sustainable regional growth and meet investor interest for green investments and is part of the ACMF’s broader efforts in developing green finance for the region. The ASEAN Green Bond Standards have been developed in collaboration with the International Capital Market Association (ICMA) based on ICMA’s Green Bond Principles (GBP). The GBP have been used as the basis of the ASEAN Green Bond Standards as they are internationally accepted and widely used for the development of national green bond guidelines or standards issued globally.
Whilst the GBP have provided broad principles on green bonds, the ASEAN Green Bond Standards aim to provide more specific guidance on how the GBP are to be applied across ASEAN in order for green bonds to be labelled as ASEAN Green Bonds. In these respect, Issuers who wish to issue and label the green bonds as ASEAN Green Bonds must demonstrate compliance with the ASEAN Green Bond Standards.
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