Markets welcome EU Sustainable Finance announcements

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By Jon Hay
18 Jun 2019

Four major announcements have been made today by the European Commission and its Technical Expert Group, which is drafting the substance of several parts of its multi-faceted Sustainable Finance Action Plan. There were new texts on the Taxonomy, Green Bond Standard and Low Carbon Benchmarks regulations as well as guidelines for companies on how to report climate change-related information. Many market participants welcomed them.

Aldo Romani, head of sustainability funding at the European Investment Bank, speaking at the Euromoney Global Borrowers’ conference in London, said the TEG’s report on the proposed Taxonomy of Sustainable Economic Activities was the most encouraging thing that had happened recently in sustainable finance. It would give the ...

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