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.
Composition
The 2024 Advisory Council includes 44 members:
A2A SpA
Access Bank
Africa Finance Corporation
ASEAN Capital Markets Forum (ACMF)
Ashurst LLP
AXA IM
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
Bank of Montreal
Bank of Nova Scotia
Bloomberg LP
China Lianhe Credit Rating Co. Ltd.
Climate Bonds Initiative
CSCI Pengyuan Green Finance Technology Co. Ltd.
Daiwa Securities Co. Ltd.
Emerging Markets Investors Alliance (EMIA)
Escarus (TSKB Sustainability Consultancy)
Euroclear SA/NV
Euronext N.V.
Ferrovie Dello Stato Italiane S.p.A.
Global Green Growth Institute (GGGI)
Instituto de Crédito Oficial (ICO)
Latham & Watkins LLP
London Stock Exchange Group PLC (LSEG)
Luxembourg Stock Exchange (LuxSE)
Mayer Brown
Mizuho Securities
Moody’s Investors Service
Morgan Stanley
Morningstar Sustainalytics
MSCI ESG Research LLC
National Bank Australia Ltd
NatureFinance
Nomura Securities Co. Ltd. / Nomura International plc
Principles for Responsible Investment (PRI)
Rating and Investment Information Inc.
S&P Global Ratings Europe
SFIL
Slaughter & May
Social Value Institute S.C.
Standard Chartered Bank
State Street Global Advisors
Sustainable Fitch
White & Case LLP
World Wildlife Fund Inc. (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
ICMA's competition law guidelines apply to the activities of the Advisory Council and all Advisory Council members and other attendees at meetings and webinars should familiarise themselves with the content, available here.
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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 620 members located in 70 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.
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Primary Market Topics
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Secondary Markets
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Repo and Collateral Markets
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Legal Documentation
‣
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- 2011 Global Master Repurchase Agreement (GMRA) Protocol (Revised) Adhering Parties
- Repo and Collateral Council and related groups ‣
- ICMA ERCC Publications ‣
- “T+1” – the shortening of standard settlement cycles
- Market Data ‣
- Regulation ‣
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Legal Documentation
‣
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.
ICMA seeks to mainstream relevant FinTech developments and market electronification through all of its initiatives, activities and fora.
FinTech and market electronification are addressed through ICMA’s various committees, working groups and work streams as well as through bilateral discussions with member firms and technology providers.
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