JONES DAY TALKS®: Riding the Green Bond Wave: Focus is on Standards as Volumes Surge
Podcast: European Green Finance and Sustainability Proposals – Impact for Asset Managers
While 2022 showed that the sustainable debt market is not impervious to overall economic slow-down (particularly in the capital markets), 2023 demonstrated its resiliency, even in a high-interest rate market. Notwithstanding...more
The energy transition received a transformative boost when European Union lawmakers approved new voluntary standards for companies that wish to issue "green" bonds. The European Green Bond Standard, which will be finalized on...more
The Situation: On October 5, 2023, the European Parliament and the Council of the European Union adopted the European Green Bond Regulation ("EuGB Regulation"), establishing a voluntary harmonized standard open to both EU and...more
The European Green Bond Standard seeks to be the “gold standard” for green bonds and reinforce the EU’s position as the leading market for sustainable finance. With the adoption of the EU green bond standard (the EU GBS),...more
The Council of the European Union and the European Parliament announced, on 28 February 2023, that provisional agreement on the European Green Bond Standard (the EU GBS and the Regulation) had been reached. More recently the...more
Sustainable finance is the practice of redirecting public and private capital towards investments that support ESG goals and outcomes. The market dynamics of sustainable finance are driven by the need for enormous investments...more
In a long-awaited report, the EBA offers timely recommendations for Europe’s developing sustainable securitisation market in a world transitioning to green. Key Points: ..The report champions a pragmatic approach to...more
ESG considerations is a key theme that has heavily influenced investments over the past few years and which will no doubt play an even more prominent role in the 2020s. We touched on this briefly in our 2021 closing article...more
On 12 October 2021, the European Commission (EC) issued its first-ever NextGenerationEU green bond, raising a total of €12 billion that will be used exclusively to fund green and sustainable investments across the EU. More...more
Environmental, social and governance (ESG) factors continue to play an increasingly significant role across the capital markets and have an impact on a range of financial instruments and products. We have previously written...more
The efficiency of the debt capital markets runs on a high degree of homogeneity and standardisation, which enables market participants to make time-sensitive and informed decisions based on a high degree of comparability...more
The amount of money invested in Environmental, Social and Governance (ESG) funds has increased exponentially in the past year, and as banks and investors increasingly turn their attention to ESG factors, companies are also...more
Takeaways from this discussion: • Green bond issuance is surging worldwide, surpassing US$257 billion in 2019. • Major corporates, including many not usually associated with climate initiatives, are bringing green...more
In November 2007, the European Investment Bank set the blueprint for sustainable investment with the issuance of the world’s first green bond. Since then, interest in green finance, and in particular, green bonds, has...more
Sustainable finance and its surrounding infrastructure offers growing potential for deals and green innovation. The global sustainable finance market has expanded rapidly in recent years, approaching US$320 billion in new...more
In June 2019, the European Commission (EC) Technical Expert Group (TEG) on Sustainable Finance, published its Report on EU Green Bond Standard. The report proposes the creation of a European Union (EU) Green Bond Standard...more
The interim report, published by the European Commission’s Technical Expert Group (TEG), outlines the work carried out so far on developing an EU green bond standard. Annex 1 of the report sets out the proposed content of a...more
What is green finance? Achieving sustainable development is going to require huge financial investment. According to the European Commission, Europe alone has to close a yearly investment gap of almost €180 billion to...more
The High Level Expert Group on sustainable finance (the Group), which the European Commission (the EC) established, published its interim report on 13 July 2017. The report sets out the key steps required to create a...more