To The Point: Financial Regulation | 11/2024

European Union: ESG

20/11: Commission – EU continues to be a global leader on sustainable finance

• The European Commission published an article stating that the EU is a global leader in sustainable finance, having issued over EUR 65bln in NextGenerationEU (NGEU) Green Bonds, with a goal to finance 30 % of the NGEU programme through green initiatives. These bonds are funding EUR 264.6bln in investments across sectors like renewable energy, clean transport and energy efficiency, contributing significantly to the EU's climate goals, including an estimated annual reduction of 55 million tons of greenhouse gas emissions. For obliged persons and stakeholders, this represents a robust and transparent framework aligned with the highest international standards, ensuring investor confidence. Obliged entities should leverage tools like the EU's Green Bond Dashboard, which provides real-time tracking of investments, and annual reports detailing fund allocations and climate