|
The developing green bond market has brought with it a new era in investor/issuer relations. Parties on both sides report a level of transparency and cooperation never experienced before. When it comes to impact reporting however, problems remain.
The VW emissions scandal blew a hole in hasapublic confidence in the way companies track their environmental efforts. This undoubtedly had knock-on effects on the green bond market. At the December COP21 climate change meetings in Paris, investors repeatedly referred to VW’s behaviour as an example of how hard it can be to trust the information they receive on use of proceeds for green finance.
The Paris Green Bonds Statement, backed by 27 global investors, representing over $10 trillion of total assets under management, made their expectations of issuers very clear:
“We encourage issuers to ensure transparency around the use of proceeds and their impact, and for corporate issuers to have credible independent reviews of...
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
