Sustainability-linked bondCloseDictionary termSustainability-linked bondA bond whose coupon or other terms change depending on whether the issuer meets predefined sustainability targets — proceeds are general-purpose, so the targets carry the credibility.Read the full definition → — ambitious SPTs

SPT materialityCloseDictionary termMaterialityA judgement about which sustainability matters are significant enough to influence decisions or represent an organisation's most consequential impacts.Read the full definition →, ambitionCloseDictionary termAmbitionThe level, scale or pace of improvement an organisation seeks to achieve relative to a sustainability challenge, benchmark or pathway.Read the full definition → vs BAU trajectory, second-party opinion, reporting/verification commitments per ICMA.

SPT credibility evidence; coupon-step mechanics disclosed.

SPT methodology and verificationCloseDictionary termVerificationThe evidence-based confirmation that a claim about events, data or results already obtained is truthfully stated within defined criteria, scope and materiality.Read the full definition → disclosed; no misleading ambitionCloseDictionary termAmbitionThe level, scale or pace of improvement an organisation seeks to achieve relative to a sustainability challenge, benchmark or pathway.Read the full definition → claims.

Methodology-based SPT substantiationCloseDictionary termSubstantiationThe documented body of relevant, reliable and current evidence that supports the exact wording, scope, comparison and overall impression of a claim before and while it is communicated.Read the full definition →.

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Documented basis for ambitionCloseDictionary termAmbitionThe level, scale or pace of improvement an organisation seeks to achieve relative to a sustainability challenge, benchmark or pathway.Read the full definition → characterisation.