In this briefing, we take a look at the EU Green Bond Standard.
The Council of the European Union and the European Parliament recently announced that provisional agreement on the European Green Bond Standard had been reached. The consolidated legal text is now widely available and can be viewed here along with a blackline against
On 28 February 2023, the Council of the European Union and the European Parliament reached a provisional agreement on the creation of the European Green Bond Standard (“EU GBS“).
Background
The idea of an EU Green Bond Standard has been in development for many years. An initial proposal for a European standard for
Earlier this month, the European Commission proposed wide-ranging measures designed to facilitate further development of the EU’s capital markets, including through a new Listing Act; by making EU clearing services more attractive and resilient; and by harmonizing certain corporate insolvency rules across the EU.
Following the firm’s webcast on these proposals, we are sharing with
On 10 November 2022, the EU Parliament adopted the Corporate Sustainability Reporting Directive (“CSRD”). The EU Council is expected to adopt the CSRD on 28 November 2022, after which it will be published in the Official Journal. The CSRD will then enter into force 20 days after publication and EU member states will have 18