Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

Skip to content Skip to sidebar Skip to footer

EU Council Adopts New European Green Bond Standard

October 24, 2023

The Council of the European Union has adopted a regulation creating a new European Green Bond Standard (EuGB), marking a significant step towards fighting greenwashing and advancing the sustainable finance market in the EU. The new regulation sets out the requirements for issuers wishing to use the EuGB designation and includes voluntary disclosure guidelines for other environmentally sustainable bonds and sustainability-linked bonds issued in the EU.

Green bond issuance volumes have surged over the past several years, with the European market accounting for nearly 60% of the global market. The European Commission launched its EuGB regulation proposal in July 2021, aimed at establishing a “gold standard” for green bonds.

The finalized regulation requires all proceeds from instruments issued under the new EuGB designation to be invested in economic activities that are aligned with the EU Taxonomy. Companies issuing bonds under the EuGB designation will also be required to follow strict transparency criteria, including disclosures on how the proceeds from the bonds will be used, and committing to a green transition plan.

The new regulation also establishes a new registration system and supervisory framework for external reviewers of European green bonds. The regulation will enter into force 20 days after being signed and entered in the EU’s Official Journal, and will apply 12 months after entry into force.

To find out more details please visit : https://www.consilium.europa.eu/

Leave a comment