The European Association of Corporate Treasurers (EACT) has published its response to the European Commission’s (EC) consultation on the creation of an EU Green Bond Standard (EU GBS). We fully support the creation of a voluntary EU GBS that brings further standardisation and possible cost reductions to the green bond market. We are also supportive of putting in place incentive structures that can render green bond issuance less cumbersome and costly.
Upcoming changes to non-financial reporting rules as well as the introduction of corporate disclosure requirements under the Taxonomy Regulation will result in an increasing availability of company specific ESG information. In order to support further growth of the green bond market this information could be leveraged to allow for general corporate purpose issuance under the umbrella of the EU GBS to turn green bonds into a genuine alternative to conventional bonds.
The latest issue looks at central bank digital currencies (CBDCs), communication in a digital world, and information regarding the new 2020 - 2021 Journeys to Treasury report.
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Sustainable finance and environmental, social and governance (ESG) reporting are becoming increasingly important topics for treasurers. This briefing sheds light on why and how sustainable finance should matter to all treasurers and explain the latest regulatory developments and initiatives at EU level.
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With the launch of the 2020-2021 report, following on from the special COVID-19 series earlier in the year, the Journeys to Treasury partners are helping treasurers globally at every step through a tumultuous journey.
View MoreThe EACT is grateful for the opportunity to respond to the European Commission's consultation on a renewed sustainable finance strategy. Read our position here.
View MoreTarek is an experienced public affairs expert, specialising in EU financial regulation and has previously advised financial and non-financial companies across the entire financial services value chain on their EU policy advocacy strategies at FleishmanHillard. Tarek has a profound understanding of the regulatory issues impacting treasury and of the strategic objectives of the EACT.
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