--- title: AFME Warns on Changes to EU Green Bond Standard description: The EU Parliament’s report substantially extends the coverage of the label. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/sustainability-principles-image-Jul-07-2022-09-34-28-44-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/afme-warns-on-changes-to-eu-green-bond-standard#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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Delivering on the proposal should therefore be a priority for the upcoming Presidency of the Council. We recommend that co-legislators keep the discussions focused on delivering a product-based, voluntary gold-standard for green bonds that is attractive to both issuers and investors.” The French Presidency of the European Council commenced the final phase of negotiations in June and talks will continue over the second half of the year under the auspices of the Czech presidency. Among the key issues for discussion are the scope of the regulation and additional entity-level requirements. This comes after the Parliament proposed introducing requirements for all issuers of sustainable bonds in the EU and to add entity-level disclosure requirements. Moullin continued*:* “The Parliament’s report substantially extends the coverage of the label, which would capture all bonds marketed in the EU as environmentally sustainable. This new approach is a meaningful shift from the original objectives of the proposal. We are concerned that it would adversely impact the EU green and sustainable bonds market and therefore undermine the progress in developing sustainable finance in the EU. We therefore strongly recommend that co-legislators maintain a product-based approach to deliver on the EU GBS objectives.” To support the ongoing negotiations, AFME’s paper highlights the following six priorities: 1. Focus on criteria to use the EU Green Bond designation without threatening the continued growth of the market for sustainable bonds. 2. Maintain the Standard’s voluntary nature and its strong link with the EU Taxonomy Regulation. 3. Develop a product-based framework, avoiding complex disclosure requirements at the issuer level. 4. Ensure that eligible bonds maintain their designation until maturity, after changes to the Taxonomy criteria. 5. Ensure the standard works for securitisation and supports the development of green securitisations. 6. Ensure sufficient time for each periodic review of the legislation, and maintain its voluntary nature. Source: AFME [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/afme-warns-on-changes-to-eu-green-bond-standard) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/afme-warns-on-changes-to-eu-green-bond-standard) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/afme-warns-on-changes-to-eu-green-bond-standard) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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