On April 13, 2021, the Loan Market Association
(LMA), the Loan Syndications and Trading Association (LSTA) and the
Asia Pacific Loan Market Association (APLMA) jointly published
their Social Loan Principles (SLPs).
The SLPs comprise voluntary recommended guidelines and aim to
create a framework of clear, transparent and consistent market
standards for the development and integrity of social loans.
Furthermore, the SLPs clarify what type of loans may be categorized
as being for social purposes. The SLPs build on and are consistent
with the internationally recognized Social Bond Principles (SBPs),
administered by the International Capital Markets Association.
In addition to the SLPs, the LMA, LSTA and APLMA have previously
established Green Loan Principles (GLPs) and Sustainability Linked Loan
Principles (SLLPs). Together, these principles promote
consistency across the market and facilitate the development of
sustainable lending products and economic activity.
