A quick amendment to IFRS 9 is intended, among other things, to permit classification of an investment in ESG bonds based on the traditional and simple amortised cost model, instead of measurement at fair value through profit or loss, which triggers volatility of results. This amendment is expected to encourage investments in the said bonds and even to encourage banks to include ESG terms as part of loan agreements. Even though the proposed amendment is consistent with the global agenda regarding this matter, it creates a coherency problem with respect to the accounting treatment of the Standard. Accordingly, it would be wise to limit the amendment solely to cases where achieving the ESG target reduces the credit risk of the issuing entity.