Summary
One of the key initiatives by the ACMF is the development of social asset classes in line with the growing importance of social finance in ASEAN. To support ASEAN’s sustainable development needs, the ACMF has developed the ASEAN Social Bond Standards (ASEAN SBS) to complement the ASEAN Green Bond Standards that were first introduced in November 2017. The ASEAN SBS intend to enhance transparency, consistency and uniformity of ASEAN Social Bonds which will also contribute to the development of a new asset class, reduce due diligence cost and help investors to make informed investment decisions.