Luxembourg, first European country to adopt a reference framework for sustainable bonds.
The launch of the framework, which will enable the issuance of green, social or sustainability bonds in the near future, is in line with the efforts undertaken by the Luxembourg Government over the last years in the field of sustainable finance. It also underlines the innovative and proactive role of the country and its financial centre, which is already today an international leader in the area of sustainable investments. Anticipating current market trends and investor demand that are increasingly oriented towards sustainable investments, it will also contribute to the positive development of the sustainable bond market and accompany the maturing of this market on a global scale.
The framework has been laid out so as to meet the criteria for sustainable and green bonds defined by the International Capital Markets Association’s (ICMA) Green, Social and Sustainability Bonds principles. Furthermore, they are already fully in line with the recommendations of the final report of the Technical Expert Group (TEG) on the Taxonomy of the European Union. In the same spirit, the framework has been designed to comply with the draft European Green Bonds Standard (EU GBS).
Access the official Press release by the Ministry of Finance.
