Social bond

    ESG & Governance

    A bond whose proceeds fund projects with clear social benefits for a defined target population, such as affordable housing, healthcare or loans to small businesses.

    Social bonds follow ICMA's Social Bond Principles, which list six indicative project categories: affordable basic infrastructure, access to essential services, affordable housing, employment generation, food security, and socioeconomic advancement. A good social bond names who is meant to benefit, such as people below the poverty line or underserved communities. In India, listed social bonds fall under SEBI's June 2025 framework for ESG debt securities.

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