Green bonds are attracting a growing number of investors with an interest in sustainable investment options that are underpinned by standardised definitions, technical criteria, and independent external review. In this context, the EU Green Bond provides the most rigorous framework available, with at least 85% of the proceeds demonstrating EU Taxonomy alignment.
EU Green Bonds require external review at pre-issuance (EU Green Bond Factsheet) and post-issuance stages – of the annual report and following full allocation of proceeds. External review is also required before the end of the capital expenditure (CapEx) Plan, and under other circumstances such as where corrections and amendments to the allocation of proceeds are made. Issuers may opt for an external review at the impact report stage.
ELS Europe has in place all of our EU Green Bond external review systems, procedures and methodologies. We are ready to proceed with an external review of your EU Green Bond Factsheet and post-issuance reports.
EU Green Bond external reviews completed by ELS Europe will be published on our website along with any corrections and revisions in accordance with Articles 32 and 38 of the EU Green Bond Regulation. We will publish our pre-issuance external reviews within a reasonable time before issuance of the EU Green Bond and for post-issuance review, without delay following the completion of our assessment. The reviews will remain available on our website until at least maturity of the bond concerned.
