The report draws on a survey of over 22 emerging markets 9 case studies – from Brazil, China, Indonesia, Malaysia, Mexico, Morocco, Nigeria, South Africa, and the ASEAN (Association of Southeast Asian Nations) region.
A review of 13 country and regional green bond frameworks that have been launched or are in development.
The report captures SBN members’ diverse experiences and the latest insights into the drivers, challenges, and innovations involved in the creation of green bond markets in emerging markets.
Based on extensive consultation with Working Group members, experts, and the SBN community, it also includes the first ever Green Bond Market Development Toolkit for SBN members, including
1. a set of Common Objectives
2. a Self-assessment and Planning Matrix
3. a Roadmap with Common Milestones; and
4. a Capacity Building Needs Assessment with a mapping of existing international resources.
Together, these will enable SBN members to more effectively plan their national green bond development strategies and collaborate with other market actors.
The report was guided by the SBN Green Bond Working Group members and observers from 21 countries and 30 organizations, including the International Capital Market Association (ICMA).
The report builds on the rich body of knowledge that was established through the SBN Global Progress Report (www.ifc.org/sbnreport) published earlier this year. It highlights the importance of integrating environmental, social and governance (ESG) practices as a foundation of integrity and value creation in the financial sector.
Read the full announcement and more on the SBN website at www.ifc.org/sbngreenbond