Labels and Standards
Discover the many Labels and Standards of the Sustainable Finance sector and learn more about their role in shaping Environmental, Social
and Governance (ESG) matters.
Scientific criteria ensure that it is consistent with the 2 degrees Celsius warming limit in the Paris Agreement. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.
They provide voluntary principles and standards for responsible business conduct in areas such as employment and industrial relations, human rights, environment, information disclosure, combating bribery, consumer interests, science and technology, competition and taxation. Chapter III covers disclosure and calls on enterprises to be transparent in their operations and responsive to the public’s increasingly sophisticated demands for information.
In December 2015, the PBOC (People's Bank of China) published the Green Projects Catalogue for green financial bonds. The catalogue, aimed at financial entities, defines eligible green projects and provides guidelines for project classification and eligibility criteria within the following six environmental sectors:
- Energy saving
- Pollution prevention and control
- Resource conservation and recycling
- Clean transportation
- Clean energy
- Ecological protection and climate change adaptation