UNICEF Luxembourg has announced that it is now an observer member of the Green Bond Principles and Social Bond Principles convened by the International Capital Market Association (ICMA).
The Green Bond Principles (GBP) are voluntary process guidelines that recommend transparency and disclosure, as well as promote integrity in the development of the Green Bond market by clarifying the approach for issuance of a Green Bond. The Social Bond Principles (SBP) promote integrity in the Social Bond market through guidelines that recommend transparency, disclosure and reporting.
Sandra Visscher, UNICEF Luxembourg Executive Director, commented: "We strongly believe that innovation, new approaches towards development aid, partnerships and new technologies that support the realization of children's rights are critical to providing a better tomorrow for children all around the world. Since the Luxembourg financial sector is at the forefront of ethical finance, leveraging innovative finance in support of UNICEF's strategic goals should be our new and emerging priority".
"Business practices have a significant impact on children's lives. Investors can play a crucial role in highlighting the fact that children are the stakeholders of the future by addressing children's rights in their policies, processes and decision-making and through engaging with their portfolio companies on environment, social and corporate governance (ESG) issues", added Yannick Naud, UNICEF Luxembourg Innovative Finance Officer.