MC No. 08 s.2019 Guidelines on the Issuance of Social Bonds Under the ASEAN Sustainability Bonds Standards in the Philippines

The SEC MC No. 8, s. 2019 was released to adopt the ASEAN Sustainability Bond Standards (SUS) developed by the ASEAN Capital Markets Forum (ACMF). In recognition of the importance of alternative finance in supporting sustainable development in ASEAN particularly I meeting ASEAN's environmental and social needs, the ASEAN developed the ASEAN SUS to complement the ASEAN Green Bond Standards and ASEAN Social Bond Standards. The ASEAN SUS was developed based on the International Capital Markets Association's (ICMA) Sustainability Bond Principles and intended to enhance transparency, consistency, and uniformity of ASEAN Sustainability Bonds which will also contribute to the development of a new asset class, reduce due diligence costs, and help investors to make informed investment decisions.