There is lack of clarity of definitions (what constitutes ‘green’) and not all investors and issuers arecomfortable with investments/bonds that may not be green.
Equally, there is an interest to invest in green bonds, but there is insufficient quantity of quality products. By having a well-defined standard, a number of quality projects/products could be increased, but also definitions can be clarified by referencing to the EU Taxonomy. Such a standard however should be expanded to also accommodate projects/products (‘grey’ assets) that do not necessarily fall into a ‘green’ category, but significantly contribute to a transition to a green economy.
Accountancy Europe response to EC’s consultation on the establishment of an EU Green Bond Standard
© Accountancy Europe
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