ICMA Updates Green Bond Principles, Sees Existing With EU Rules

The International Capital Market Association has updated its widely-used voluntary guidelines for green bonds and sees them continuing to be used globally, even after standards set by the European Union come into force.

• Changes to the ICMA’s Green and Social Bond Principles on Thursday include a recommendation of heightened transparency for issuer sustainability commitments, as well as encouragement to supply information on the degree of alignment of projects with official or market-based taxonomies, it said in a statement
• Nicholas Pfaff, the ICMA’s managing director for sustainable finance, says that while legislation on EU green bond standards is expected sometime ...