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ARTICLE · 16 JUNE 2022

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EU Green Bond Standard: State-of-play

Arthur Cox
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The proposal for a voluntary EU Green Bond Standard (EU GBS) has continued to move ahead since our last update.

European UnionFinance and Banking
Arthur Cox
Arthur Cox
Phil Cody
Phil Cody
Sinead Cantillon
Sinead Cantillon
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The proposal for a voluntary EU Green Bond Standard (EU GBS) has continued to move ahead since our last update (A voluntary or mandatory EU Green Bond Standard? The debate continues).

Against the backdrop of an ever-increasing focus on combatting 'greenwashing', the European Parliament's Committee on Economic and Monetary Affairs (ECON) published its report on the Commission's EU GBS proposal, and the EU Council published a 3-column table setting out the negotiating position of each of the Commission, EU Council and Parliament in advance of the impending trilogue negotiations.

While the final shape of the EU GBS will not be known until at least Q3 2022, key themes from the Parliament's position (as outlined by ECON in the recent report) are as follows:

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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