ICMA update on the EU GBS Provisional Agreement
5 April 2023 On 28 February 2023, the EU co-legislators reached a milestone provisional agreement on the Regulation for European green bonds.
ICMA welcomes the voluntary nature of the EU Green Bond Standard as well as of the disclosures recommended for the broader market.
In this update note, we look at the key elements of the agreement, anticipate what the broader market disclosures could look like, and share our views regarding the potential future uptake of the EU GBS as a voluntary label. We also report on the wider challenge of aligning with the EU Taxonomy and the timeline for the EU GBS.