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Greening the bond markets: MEPs approve new standard to fight greenwashing

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MEPs on Thursday adopted a new voluntary standard for the use of a “European Green Bond” label, the first of its kind in the world.

The regulation, adopted by 418 votes in favour, 79 against and 72 abstentions, lays down uniform standards for issuers who wish to use the designation ‘European green bond’ or ‘EuGB’ for the marketing of their bond.

The standards will enable investors to direct their money more confidently towards more sustainable technologies and businesses. It will also give the company issuing the bond more certainty that their bond will be suitable to investors who want to add green bonds to their portfolio. This will increase interest for this kind of financial product and support the EU’s transition to climate neutrality.


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