{"id":762,"date":"2020-06-25T09:24:22","date_gmt":"2020-06-25T09:24:22","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=762"},"modified":"2020-06-25T09:24:36","modified_gmt":"2020-06-25T09:24:36","slug":"european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/","title":{"rendered":"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support"},"content":{"rendered":"\n<p>The European Stability Mechanism (ESM) today published its new <strong>Social Bond Framework, <\/strong>and confirmed that it expects to use <strong>social bonds to finance crisis support needs arising from the COVID-19<\/strong> pandemic, if needed.<\/p>\n\n\n\n<p>The ESM was established in 2012 by euro area Member States, in the wake of the financial crisis, as an international financial institution designed to help euro area countries experiencing or threatened by severe financing problems. The goal of the ESM is to safeguard the financial stability of the Euro area and Member States. <strong>Social bonds<\/strong> are a type of debt instrument whose proceeds are intended for projects that generate positive social outcomes, or to finance investments supporting the social needs of particular groups.<\/p>\n\n\n\n<p>In a newsletter to investors, ESM Member of the Management Board and Chief Financial Officer Kalin Anev Janse wrote that in the event that the ESM\u2019s credit line, Pandemic Crisis Support, is drawn, the ESM would use social bonds as a new debt instrument enabling the funding of the social needs of euro area member states affected by Covid-19 by the investment community.<\/p>\n\n\n\n<p>The ESM Social Bond Framework released today is fully compliant with International Capital Market Association\u2019s (ICMA) Social Bond Principles. In the framework, the ESM outlines the <strong>ESG efforts <\/strong>the ESM has made in recent years, including reducing the institution\u2019s environmental impact, ensuring that internal policies and practices are in line with the respective best practice standards, and that governance practices are based on transparency, and accountability. Additionally, the ESM has become a signatory of the United Nations Principles for Responsible Investment. The ESM believes that ESM social bonds will be a new element to the institution\u2019s ESG efforts.<\/p>\n\n\n\n<p>The use of proceeds anticipated from the funding instruments include, Healthcare, cure, and prevention costs directly related to the Covid-19 pandemic, as well as other costs such as spending on hospitals, cure and rehabilitative care, ambulatory cure and rehabilitative care, diagnostics, pharmaceuticals, preventive care, health administrations, and health-related long-term care.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-762\" data-postid=\"762\" class=\"themify_builder_content themify_builder_content-762 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n<span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>The European Stability Mechanism (ESM) today published its new Social Bond Framework, and confirmed that it expects to use social bonds to finance crisis support needs arising from the COVID-19 pandemic, if needed. The ESM was established in 2012 by euro area Member States, in the wake of the financial crisis, as an international financial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[31,30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support - ESG Today\" \/>\n<meta property=\"og:description\" content=\"The European Stability Mechanism (ESM) today published its new Social Bond Framework, and confirmed that it expects to use social bonds to finance crisis support needs arising from the COVID-19 pandemic, if needed. The ESM was established in 2012 by euro area Member States, in the wake of the financial crisis, as an international financial [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-25T09:24:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-25T09:24:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2020\/06\/ESM-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1704\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\"},\"headline\":\"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support\",\"datePublished\":\"2020-06-25T09:24:22+00:00\",\"dateModified\":\"2020-06-25T09:24:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/\"},\"wordCount\":343,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Government\",\"Sustainable Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/\",\"url\":\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/\",\"name\":\"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support - ESG Today\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/#website\"},\"datePublished\":\"2020-06-25T09:24:22+00:00\",\"dateModified\":\"2020-06-25T09:24:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esgtoday.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esgtoday.com\/#website\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"name\":\"ESG Today\",\"description\":\"ESG investing news, analysis, research and information\",\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esgtoday.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esgtoday.com\/#organization\",\"name\":\"ESG Today\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"contentUrl\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"width\":618,\"height\":350,\"caption\":\"ESG Today\"},\"image\":{\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ESGToday\/\",\"https:\/\/twitter.com\/EsgToday\",\"https:\/\/www.linkedin.com\/company\/esg-today\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\",\"name\":\"Mark Segal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"caption\":\"Mark Segal\"},\"description\":\"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.\",\"url\":\"https:\/\/www.esgtoday.com\/author\/mo-segal9\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support - ESG Today","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/","og_locale":"en_US","og_type":"article","og_title":"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support - ESG Today","og_description":"The European Stability Mechanism (ESM) today published its new Social Bond Framework, and confirmed that it expects to use social bonds to finance crisis support needs arising from the COVID-19 pandemic, if needed. The ESM was established in 2012 by euro area Member States, in the wake of the financial crisis, as an international financial [&hellip;]","og_url":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/","og_site_name":"ESG Today","article_publisher":"https:\/\/www.facebook.com\/ESGToday\/","article_published_time":"2020-06-25T09:24:22+00:00","article_modified_time":"2020-06-25T09:24:36+00:00","og_image":[{"width":2560,"height":1704,"url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2020\/06\/ESM-scaled.jpg","type":"image\/jpeg"}],"author":"Mark Segal","twitter_card":"summary_large_image","twitter_creator":"@EsgToday","twitter_site":"@EsgToday","twitter_misc":{"Written by":"Mark Segal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/#article","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/"},"author":{"name":"Mark Segal","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01"},"headline":"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support","datePublished":"2020-06-25T09:24:22+00:00","dateModified":"2020-06-25T09:24:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/"},"wordCount":343,"commentCount":0,"publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"articleSection":["Government","Sustainable Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/","url":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/","name":"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support - ESG Today","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/#website"},"datePublished":"2020-06-25T09:24:22+00:00","dateModified":"2020-06-25T09:24:36+00:00","breadcrumb":{"@id":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.esgtoday.com\/european-stability-mechanism-ready-to-use-social-bonds-for-pandemic-crisis-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.esgtoday.com\/"},{"@type":"ListItem","position":2,"name":"European Stability Mechanism Ready to use Social Bonds for Pandemic Crisis Support"}]},{"@type":"WebSite","@id":"https:\/\/www.esgtoday.com\/#website","url":"https:\/\/www.esgtoday.com\/","name":"ESG Today","description":"ESG investing news, analysis, research and information","publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.esgtoday.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.esgtoday.com\/#organization","name":"ESG Today","url":"https:\/\/www.esgtoday.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","contentUrl":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","width":618,"height":350,"caption":"ESG Today"},"image":{"@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ESGToday\/","https:\/\/twitter.com\/EsgToday","https:\/\/www.linkedin.com\/company\/esg-today\/"]},{"@type":"Person","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01","name":"Mark Segal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","caption":"Mark Segal"},"description":"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.","url":"https:\/\/www.esgtoday.com\/author\/mo-segal9\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/762"}],"collection":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/comments?post=762"}],"version-history":[{"count":0,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media\/763"}],"wp:attachment":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media?parent=762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/categories?post=762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/tags?post=762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}