Our Dutch Member, the co-operative Rabobank is one of the first issuers to have aligned its Green bond framework with the new EU Green Bond Standard, published in June.
Rabobank acknowledges that the EU framework, including the taxonomy, has yet to be finalised but most of the components will remain. This is a signal of support to the underlying goals. The principle of “do not significant harm” is particularly welcomed by Rabobank as well as the inclusion of minimum social standards and the more comprehensive approach to reporting.
The assets earmarked as use of proceeds in Rabobank’s Green Bond framework (launched in 2016) is a loan portfolio of wind and solar energy projects aligned with the EU climate objective of climate mitigation.
Bouke de Vries, Program Lead Climate at Rabobank: "Rabobank welcomes the EU Green Bond Standard and the Green Taxonomy and considers it contributions to the further enhancement of transparency and comparability of green bonds".
The full description of the new Rabobank’s Green Bonds Framework and the alignment to the new EU Green Bonds Standards, can be found HERE.