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The Rise of Sustainable Bonds for Affordable Housing

The Rise of Sustainable Bonds for Affordable Housing
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Ramping up ESG regulation

09 Jul 2021 Originally a self-regulated sphere in which voluntary principles underpinned activity, ESG debt is attracting increasing regulatory focus  especially in Europe, where the EU’s ambitious Action Plan on Sustainable Finance is creating a demanding new framework around the market. What does this imply for issuers and investors? And are other regions in step with European developments? Clifford Chance and Latham & Watkins clarify the state of play. The raft of measures that make up the EU’s Action Plan on Sustainable Finance including the Taxonomy for Sustainable Activities, the Green Bond Standard (GBS) and the Sustainable Finance Disclosure Regulation (SFDR) represent European regulators’ response to the need to mobilise more capital in pursuit of Paris Agreement targets.

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