International Capital Market Association (ICMA) is a global, non-profit industry association that supports the effective functioning of international debt capital markets. Its membership spans issuers, investors, banks, and market infrastructure providers. ICMA develops and maintains widely used voluntary standards and market practices, including the Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines, and Sustainability-Linked Bond Principles, alongside conventions for primary, secondary, and repo and collateral markets.
Through guidance, standard documentation, and policy engagement, ICMA aims to enhance market integrity, transparency, and efficiency. Its sustainable finance principles are frequently referenced by corporate and sovereign issuers and investors, including those in the chemicals value chain, to structure and assess financing for decarbonization, energy efficiency, and other environmental and social objectives.