EU Taxonomy and Green Bond Standard: sneak peek
The European Commission's Technical Expert Group will be publishing its much-awaited Taxonomy and Green Bond Standard on Monday. GlobalCapital has received leaked copies from a source in Brussels. The GBS endorses a use of proceeds approach and limits the inclusion of operating expenditure. The Taxonomy contains reassurance for companies whose activities are not yet covered by it and sets out human rights standards.
Green bond specialists will be interested particularly in the Green Bond Standard, which will be put out for consultation for three months from March and will form a centrepiece of the new Commission's sustainable finance policy.It will require adherence to the Taxonomy, but has exceptions for activities not ...
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