Voluntary standard for use-of-proceeds bonds that finance green projects that (i) significantly contribute to at least one of the environmental objectives of the EU Taxonomy, (ii) do not substantially harm the others, and (iii) otherwise meet the criteria and thresholds in the taxonomy proposal (including meeting minimum social safeguards). Use of the term ‘EU Green Bond’ is only permitted when all components of the EU Green Bond Standard (EU GBS) are met.

Directorate-General for Financial Stability, Financial Services and Capital Markets Union (2018) .Supplementary Report 2019 by the Technical Expert Group on Sustainable Finance. https://finance.ec.europa.eu/publications/technical-expert-group-sustainable-finance-teg_en