and connects countries to knowledge, experience and resources to help people build a better life. UNDP aims to see our world radically changed for good and is the integrator of the United Nations
bonds serving social and/or environmental purposes through global guidelines and recommendations that promote transparency and disclosure, thereby underpinning the integrity of the market. The Principles
continually carried on. This includes, for example, preventive measures against siphoning by requiring transparent disclosure of information when applying for a resolution from the shareholdersû meeting to
requirements of the Climate Bonds Standard, as attested through independent verification. Climate Bonds Standard (CBS): A screening tool for investors and governments that allows them to identify green bonds
the game transparent as well as serving as the core of a mechanism that can be applied by all market players. In order to begin assessing the application process, it is very important to sort out the
......................................................................................... 17 Reaching Out to the Board of Directors ............................................................................................................ 18 Engagement Through the Proxy Vote
over appropriate time-horizons, and should be transparently communicated to beneficiaries or clients. 1.6 Transparency and accountability Institutional investors should be transparent and open with their
4 http://www.climatebonds.net/bonds-climate-change-2014 5 See Annex 1 Climate Bonds Standard and Certification Scheme: LC Transport Technical Working Committee Page 5 of 20 b. New technologies and
. In addressing these challenges, Asian Roundtable recommendations (see the next section) focus on improving the capacities of board members through further training and board evaluations, which could
objectives of securities regulations identified by IOSCO: the protection of investors; ensuring that markets are fair, efficient and transparent; and the reduction of systemic risk.3 Quality and integrity of