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Britain starts building ‘guard rails’ for green bonds

Published by
Reuters UK

By Huw Jones LONDON (Reuters) – Issuers of bonds that raise cash for “green” projects should voluntarily apply industry standards to avoid hoodwinking investors, Britain’s Financial Conduct Authority (FCA) said on Wednesday. Bonds whose proceeds are used to finance sustainable activity passed the $1 trillion mark globally last year for the first time, the FCA said in a policy statement on integrating environment, social and governance (ESG) issues into UK capital markets. Regulators globally are looking at how to limit “greenwashing”, or giving investors a flattering picture of sustainability …

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