Being a sustainable company is no longer a question of choice,
but more and more an obligation1. But to implement a
sustainable strategy and invest in green projects, your company
might need to raise financing. In that respect, the issuance of
green bonds might be an accurate tool.
Background
Green bonds already exist and are growing more and more popular.
However, the lack of a clear definition of what constitutes
"green projects" creates uncertainty and added
costs for issuers and investors alike. It can be difficult for
investors to determine the environmental impact of bond-based
investments and compare different green bonds on the market, while
the lack of common definitions of environmentally sustainable
economic activities creates uncertainty about which economic
activities can be considered to be legitimately
"green"2.
