European green bond standard

Abstract

usability guide teg proposal for an eu green bond standard - 1 - march 2020 introduction context and background information in march 2018, the european commission (ec) published its action plan on financing sustainable growth (action plan) which set out a comprehensive strategy to further connect finance with sustainability. in action 2 of the action plan, the ec committed to create standards and labels for green financial products. in june 2018, the ec set up a technical expert group on sustainable finance (teg) comprising 35 members from civil society, academia, business and the finance sector, as well as 10 additional members and observers from the european union (eu) and international public bodies. the teg included four work areas developing recommendations for:  an eu classification system – the so-called eu taxonomy – to determine whether an economic activity is environmentally sustainable;  an eu green bond standard;  methodologies for eu climate benchmarks and disclosures for benchmarks; and  guidance to improve corporate disclosure of climate-related information. the teg published its interim report on an eu green bond standard (eu gbs) in march 2019 for public feedback. after evaluation of the feedback, the teg published its final report in june 2019 with recommendations to the ec on principles as well as a draft model of an eu gbs (teg eu gbs report)1. the teg proposes that any type of listed or unlisted bond or capital market debt instrument issued by a …

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