glossario

The European Green Bond Standards under Regulation (EU) 1012/2631 serve as the framework for issuers (including those outside the EU) who wish to use the designation "European Green Bonds" or "EuGBs". The full text of Regulation 2023/2631 can be accessed at this link. The EU Green Bond Standards are broadly aligned with the principles established by the International Capital Market Association (ICMA), but include more specific requirements. In particular: the funds raised through the bonds should be aligned with the EU Taxonomy; green projects must comply with the "do no significant harm" principle in relation to other environmental objectives; certification must be provided by entities included in a list maintained by the European Securities and Markets Authority (ESMA).