On 18 June 2019, the Technical Expert Group (TEG) on Sustainable Finance published its Report on EU Green Bond Standard. The TEG proposes that the Commission creates a voluntary, non-legislative EU Green Bond Standard to enhance the effectiveness, transparency, comparability and credibility of the green bond market and to encourage the market participants to issue and invest in EU green bonds. The proposal builds on best market practices. More than 100 organisations provided feedback on the interim report and the feedback received was generally positive. A large majority of the respondents supported the creation of a voluntary EU-GBS. The TEG has carefully studied the detailed feedback received from participating stakeholders and has created an improved version of the EU-GBS.
The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds.