Bond with strict accountability of the use-of-proceeds towards eligible green, social or climate activities and with a link to the SDGs. Typically issued in accordance with ICMA’s green, social or sustainability bond principles or the Climate Bond Standard (CBI). Can be issued by companies, governments and municipalities, and activities and projects. Can be unsecured, backed by the creditworthiness of the corporate or government issuer. Can also be secured with collateral on a specific asset.

SDG Bonds | Leveraging Capital Markets for the SDGs | UN Global Compact. (2019). UN Global Compact. https://www.unglobalcompact.org/library/5713