Robert M. Flanigan

Dec 21, 2024 | openlegalblogarchive.org | Peter Pears |James C. Taylor |Patrick Scholl |Robert M. Flanigan |Alexei Döhl |Whitney Joseph | +4 more

Christmas is coming early to the ESG bond market as the new EU Green Bond Standard applies from 21 December 2024. The new standard is conceptually similar to existing ICMA use of proceeds standards but quite different in the detail. Under the standard, net proceeds, subject to certain exceptions, must be allocated to EU taxonomy-aligned activities and Issuers must fulfil various reporting and information requirements in accordance with new pre and post issuance disclosure templates.