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SEC MC No. 12, s. 2018 Guidelines on the Issuance of Green Bonds Under the ASEAN Green Bonds Standards in the Philippines

  • Published on February 17, 2021
The SEC MC No. 12, s. 2018 was released to adopt the ASEAN Green Bond Standards (GBS) developed by the ASEAN Capital Markets Forum (ACMF). In recognition of the importance of green finance in supporting sustainable finance growth in ASEAN and the increasing amount of global capital seeking green investments, the ACMF took a lead role in identifying green finance standards that can be applied for the ASEAN region beginning with the ASEAN GBS. The ASEAN GBS was developed based on the International Capital Markets Association's (ICMA) Green Bond Principles and intended to enhance transparency, consistency, and uniformity of ASEAN green 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.

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