303-6 ASEAN Sustainability Bond Standards

Summary

The ASEAN Sustainability Bond Standards (ASEAN SUS) intend to provide guidance on the issuance of ASEAN Sustainability Bonds. ASEAN Sustainability Bonds are bonds where the proceeds will be exclusively applied to finance or re-finance a combination of both Green and Social Projects that respectively offer environmental and social benefits. It is understood that certain Green Projects may also have social co-benefits, and that certain Social Projects may have environmental co-benefits. The classification of a use of proceeds bond as a Green Bond, Social Bond, or Sustainability Bond should be determined by the Issuer based on its primary objectives for the underlying projects.

Thumbnail image for The ASEAN Sustainability Bond Standards (ASEAN SUS) intend to provide guidance on the issuance of ASEAN Sustainability Bonds. ASEAN Sustainability Bonds are bonds where the proceeds will be exclusively applied to finance or re-finance a combination of both Green and Social Projects that respectively offer environmental and social benefits. It is understood that certain Green Projects may also have social co-benefits, and that certain Social Projects may have environmental co-benefits. The classification of a use of proceeds bond as a Green Bond, Social Bond, or Sustainability Bond should be determined by the Issuer based on its primary objectives for the underlying projects.

Issuer

Association of Southeast Asian Nations (ASEAN)

Year

2018

Region

International

Issuer (type)

ASEAN Capital Markets Forum (ACMF) (Region)

Policy Type

Disclosure

Geographical scope

Regional

Mandatory or voluntary

Mandatory

Main industries targeted

Arts, Entertainment, & Recreation
Finance & Insurance

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 3: Good Health and Well-being
SDG 4: Quality Education
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 15: Life on Land