Green bonds are a key tool to help channel funds
towards green projects. There is a growing interest in this market but
uncertainties remain for issuers and investors.
Our publication presents the accountancy profession’s views on how to
strengthen the confidence in the green bond market. In light of the
upcoming European Union Green Bond Standard (EU GBS) proposal, we
recommend to:
- establish a mandatory EU GBS to ensure it is consistently applied in the market
- set up a centralised European accreditation system for external assessment, building on existing national schemes and processes
- require reporting on green bonds and on actual environmental impact at regular intervals
- ensure third-party independent assurance is obtained on allocation and environmental reports
- align the EU GBS with the EU Taxonomy
full paper