. In addition, Gross Refinery Margin was still at the low level. This has affected the performance of the petroleum related business. However, demand for consumption of finished products see signs of
ownership. See "Summary of Provisions relating to the Notes of a Series while represented by Global Notes". An investment in Notes involves certain risks. Prospective investors should have regard to the
underwriters by moving the market towards expected approaches to structuring and disclosures that will facilitate credible transactions. The SLBP recommend a clear process and transparent commitments for issuers
towards environmental and social sustainability. The Principles outline best practices when issuing bonds serving social and/or environmental purposes through global guidelines and recommendations that
should be consistent with the rule of law, transparent and enforceable. If new laws and regulations are needed, such as to deal with clear cases of market imperfections, they should be designed in a way
Responsibilities. © International Corporate Governance Network (2013) 19 5.2 Accountability through the investment chain Governing bodies should develop clear standards with regards to governance of investee
previous 3 years. The SLBP requirement that any SPT should reflect a material improvement may be best understood through information on the issuer’s track record to date (ideally covering at least the last 3
improved relations with workers, creditors, and other stakeholders. Better investor protection can lower the cost of capital and encourage companies to list and raise funds through equity markets. It is
projects that contribute to environmental sustainability. The Green Bond Principles (GBP) promote integrity in the Green Bond market through guidelines that recommend transparency, disclosure and reporting
/or seek to achieve positive social outcomes. The Social Bond Principles (SBP) promote integrity in the Social Bond market through guidelines that recommend transparency, disclosure and reporting. They