The European Commission has opted for a voluntary European standard on ‘green’ bonds (‘European Green Bond’ or EuGB), according to a draft text obtained by EUROPE. The formal legislative proposal is expected to be presented in early July, together with the European Commission’s revised strategy on sustainable finance (see EUROPE B12464A29).
Already mentioned in the 2018 Action Plan on Sustainable Finance (see EUROPE B11977A2), the European Commission has reaffirmed its commitment...