Legal & Regulatory News
European Parliament publishes report on the EU Green Bond Standard
07 June 2022On 7 June 2022, the European Parliament's Committee on Economic and Monetary Affairs (ECON) published its report on the EU's proposed Green Bond Standard (GBS), suggesting a number of amendments, including:-.
- a widened scope to regulate the entire green bond market with new transparency requirements;
- new requirements on benefitting entities to prevent 'brown' companies using the EuGBS label;
- a requirement for all EuGBS to have verified transition plans;
- stronger supervision including external reviewers and stronger market-pressure; and
- increased transparency requirements for gas and nuclear related activities.
Click here to access the ECON Committee report.
Click here to access the EU Commissions proposal on the EU Green Bond Standard.