Lawmakers in the European Parliament and the European Council announced an agreement on the creation of standards for proposed European Green Bonds (EuGB), as well as voluntary disclosure guidelines for green bond issuers aimed at preventing greenwashing in the sustainable bond market. Under the new proposed standard, issuers wishing to use the EuGB designation, described as the “gold standard” for green bonds will need to follow a strict set of investment and transparency criteria, including ensuring that all proceeds are invested in activities aligned with the EU Taxonomy.

Source: ESGToday