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The Executive Committee of the Principles with the support of ICMA has published in November 2023 an updated edition of the Guidance Handbook.
Since the original publication of the Green Bond Principles (GBP) in 2014, and the subsequent releases of the Social Bond Principles (SBP) and Sustainability Bond Guidelines (SBG) in 2017, followed by the release of the Sustainability-Linked Bond Principles (SLBP) in 2020 (together, “the Principles”) as well as the Climate Transition Finance Handbook (CTFH) in 2020, market participants have sought additional information on how to interpret this guidance especially for its practical application for transactions, as well as in the context of market developments and complementary initiatives.
In addition to an in-depth review of the January 2022 guidance consisting of enhancing and adapting the drafting to the guidance published in 2022/23 (e.g. the Pre-issuance Check List for Green Bonds or the recently published guidance on impact reporting), the November 2023 edition integrates the Q&As that were initially published on a stand-alone basis:
This edition also includes further guidance on some additional topics:
The objective is that this publication be widely circulated and used by the GSSS Bond market. It is designed to support market development and to underpin market integrity.