Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..
Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.
When green/ESG bonds are issued we expect the prospectus to outline that proceeds would only be used for eligible projects, the process by which these are determined and the processes by which they are audited. In the event of issuers not adhering to these matters, we would not expect to continue holding the bonds.
Additional information. [Optional]