The role of the Advisory Council is to advise the Executive Committee of the Principles, to increase its market awareness and outreach, and to enable further engagement with specific membership categories and observers.
Members apply voluntarily and are selected by the Executive Committee for an annually renewable 1 year term. The selection is based on a balanced representation of Members and Observers of the Principles, especially key market stakeholders such as exchanges, data providers, rating agencies, external reviewers, law firms and civil society. Selection criteria include geographic diversity and market share. The Advisory Council also comprises green, social, and sustainability and sustainability-linked bond issuers, investors and underwriters not already represented on the Executive Committee.
The Executive Committee has made a detailed review of the deliveries that came out from each workstream of the 2019/2020 Advisory Council and acknowledged their high quality and professional substance in a letter addressed to the Advisory Council members on 8 June 2020.
Composition
The 2022/2023 Advisory Council includes 41 members:
Access Bank
ASEAN Capital Markets Forum (ACMF)
Ashurst LLP
Australia and New Zealand Banking Group (ANZ)
Baker McKenzie
Bank of Montreal
BBVA
Bloomberg
Breckinridge Capital Advisors
Brown Advisory LLC
China Lianhe Credit Rating Co. Ltd.
CICERO Shades of Green Ltd.
Clifford Chance
Climate Bonds Initiative
Dentons Canada LLP
Emerging Markets Investors Alliance
Euroclear
Export Development Canada (EDC)
Freddie Mac
Global Green Growth Institute (GGGI)
Instituto de Crédito Oficial (ICO)
Itaú Unibanco SA
Latham & Watkins LLP
London Stock Exchange Group PLC
Luxembourg Stock Exchange
Mayer Brown
Moody's
Morgan Stanley
MSCI ESG Research
Nasdaq Stockholm AB
NatureFinance
Nomura
S&P Global Ratings
Slaughter & May
State Street Global Advisors
T. Rowe Price
The Carbon Trust
The Standard Bank of South Africa Limited
UNPRI
Wells Fargo
World Wide Fund for Nature (WWF)
If you would like more information on applying or on the Terms of Reference of the Advisory Council, please contact greenbonds@icmagroup.org.
Advisory Council Terms of Reference
- About ICMA
- Membership
- Market Practice & Regulatory Policy
- Sustainable Finance
- Education & Training
- Events
- Media & Market Data
Welcome to the International Capital Market Association
For over 50 years ICMA and its members have worked together to promote the development of the international capital and securities markets, pioneering the rules, principles and recommendations which have laid the foundations for their successful operation.
A global community for the capital markets
ICMA has over 600 members located in 66 jurisdictions drawn from both the sell and buy-side of the market.
ICMA engages with its global membership on market practice and regulatory policy issues through its expert forums.
Here are the key sections covering our work programmes, including contact details of ICMA staff responsible for each area.
-
Primary Markets
- ICMA Primary Market Handbook - Home
- Primary Market Committees ‣
-
Primary Market Topics
‣
- Accounting and Auditing
- Benchmark Reform and Transition to Risk-Free Rates
- MiFID II/R in Primary Markets
- Primary Markets Conduct (non-MiFID)
- Electronification
- Primary Markets Technology Mapping Directory
- Dialogue with Investors
- Prospectuses
- PRIIPs KIDs
- Retail Access to Bond Markets
- Market Infrastructure and Asset Servicing
- Market Abuse Regulation (MAR) - Primary Market Aspects
- Periodic Reporting / Continuing Obligations
- Taxation (Primary Markets)
- Other ICMA Primary Market Advocacy Materials
- Primary Market Products ‣
-
Secondary Markets
- ICMA’s Rules and Recommendations for the Secondary Market ‣
- Secondary Market Practices Committee (SMPC) and related Working Groups ‣
- Central Bank Corporate Bond Purchase Programmes
- Electronic Trading ‣
- Market Transparency ‣
- Market Data ‣
- Market Liquidity ‣
- Secondary Markets Regulation ‣
- Euro Safe Assets
- Archive
ICMA serves as Secretariat to the GBP, the SBP, the SBG and the SLBP, providing support while advising on governance and other issues.
ICMA also leads numerous other initiatives in sustainable finance. ICMA is at the forefront of the financial industry’s contribution to the development of sustainable finance and in the dialogue with the regulatory and policy community.
Studying with ICMA
ICMA Education has been setting the standard of training excellence in the capital markets for almost five decades with courses covering everything from market fundamentals to latest developments and more.
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