argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: ESMA - EU green bond standards - sustainable economic activities

On October 2^nd, 2020, the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, replied to the European Commission’s about the creation of the EU green bond standard (GBS). In particular, according to ESMA’s observations, the establishment of the EU GBS could be profitable but its profitable nature depends on its reliability as an indicator of investment in sustainable economic activities. These suggestions were raised by ESMA that synthetically intends to promote EU GBS success but in order to do so it advises to agree on the following key points. As above mentioned, the success of the EU GBS will be determined by whether it is considered a reliable indicator of investment in sustainable economic activities. The best way of ensuring high quality assessments is to introduce a formal EU registration and supervision regime of these external reviewers. Eventually, it is crucial that the EU guarantees that there will not be an excessive concentration of external reviewers in the market.