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October 6, 2023

In Brief: MEPs approve green bond label rules; Japan to launch Asian green transition alliance

The latest news in ESG policy and regulation

The European parliament has approved standards for companies wishing to use the “European green bond” label. The voluntary standards require issuers wanting to market their green bonds using the EU label to disclose “considerable information” on their use of proceeds, with at least 85 per cent of these being allocated to activities covered by the EU sustainable finance taxonomy. They should also explain how the green bond proceeds will contribute to the company’s overall transition plans. The regulation also establishes a registration and supervisory system for external reviewers assessing whether the standards had been respected.

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