On 30 November 2023, the Regulation (EU) 2023/2631 of the European Parliament and of the Council on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds (the “European Green Bond Regulation”) has been published on the Official Journal of the European Union. The European Green Bond Regulation will come into force 20 days from the day of it being published (i.e. on 21 December 2023) and will start applying 12 months form then (i.e. 20 December 2024).
For further information on the European Green Bond Regulation, please refer to the Legal Flash | The EU Parliament and the Council approve the EU Green Bonds Regulation.
By the time the EUGB becomes applicable, some of companies (including listed companies) will have collected and organized non-financial information to meet the transparency requirements of the Corporate Sustainability Reporting Directive (CSRD), in line with the EU Taxonomy Regulation for the year starting January 2024, to be published in 2025, potentially aiding them in issuing European Green Bonds. For further information on CSRD, please refer to the Legal Flash | Corporate sustainability reporting.