European insurers fully supportive of EU GBS

Written by Adam Cadle

07/10/2020

The European insurance industry is fully supportive of an EU Green Bond Standard (GBS), agrees with its proposed components and appreciates that it seeks alignment with the EU taxonomy for sustainable investments.

In its response to a consultation by the European Commission (EC) on its EU GBS, Insurance Europe said in order to maximise investment in the transition towards sustainability, investors must be able to invest in the green bond market with confidence.

The EU GBS can help facilitate investors’ trust in the green bond market by ensuring that covered projects are aligned with the EU Taxonomy through to their maturity and investors are provided with enough transparency and access to reliable/usable information.

The industry said it appreciates that the standard is built on market best practices and highlights the need for the framework’s core components to remain standardised at EU level to safeguard transparency, uniformity and comparability.

Related Articles