Book contents
- The Cambridge Handbook of EU Sustainable Finance
- The Cambridge Handbook of EU Sustainable Finance
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Acknowledgements
- Part I Introduction
- Part II Ethics and Sustainability in Corporate Law, Corporate Governance and Conduct
- Part III Integrating Sustainability in Financial Markets Regulation
- 10 Sustainability-Related Materiality in the SFDR
- 11 Information Intermediaries and Sustainability
- 12 On the Sustainability of the MiFID II and IDD Investor Protection Frameworks
- 13 The EU Taxonomy Regulation and the Prevention of Greenwashing
- 14 Integrating Sustainable Finance into the Prospectus Regulation
- 15 Disclosure Regulation and Sustainability
- 16 Institutional Investors as the Primary Users of Sustainability Reporting
- 17 The Role of Non-Financial Disclosure and Liability in Sustainable Finance
- Part IV Ensuring Financial Stability and Sustainability
- Part V Financial Innovation and Sustainability
- Index
- References
14 - Integrating Sustainable Finance into the Prospectus Regulation
from Part III - Integrating Sustainability in Financial Markets Regulation
Published online by Cambridge University Press: 30 January 2025
- The Cambridge Handbook of EU Sustainable Finance
- The Cambridge Handbook of EU Sustainable Finance
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Acknowledgements
- Part I Introduction
- Part II Ethics and Sustainability in Corporate Law, Corporate Governance and Conduct
- Part III Integrating Sustainability in Financial Markets Regulation
- 10 Sustainability-Related Materiality in the SFDR
- 11 Information Intermediaries and Sustainability
- 12 On the Sustainability of the MiFID II and IDD Investor Protection Frameworks
- 13 The EU Taxonomy Regulation and the Prevention of Greenwashing
- 14 Integrating Sustainable Finance into the Prospectus Regulation
- 15 Disclosure Regulation and Sustainability
- 16 Institutional Investors as the Primary Users of Sustainability Reporting
- 17 The Role of Non-Financial Disclosure and Liability in Sustainable Finance
- Part IV Ensuring Financial Stability and Sustainability
- Part V Financial Innovation and Sustainability
- Index
- References
Summary
The question of whether ‘specialist’ securities such as use-of-proceeds green bonds should be subject to a greater level of regulation has attracted considerable attention among policymakers and market actors. Much is at stake, especially because the green bond market has seen significant growth over the years. In this chapter we consider the role that EU prospectus disclosure regulation should play in relation to instruments such as green bonds. We examine the rationale for mandatory prospectus regulation and consider the role played by different market initiatives that have hitherto filled the regulatory gap. We are critical of current practices and argue in favour of mandatory ‘green bond’ prospectus requirements.
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- Information
- The Cambridge Handbook of EU Sustainable FinanceRegulation, Supervision and Governance, pp. 381 - 406Publisher: Cambridge University PressPrint publication year: 2025