Italy has launched its €8.5bn inaugural green bond – 2021’s first major green sovereign issue.
But the EU’s taxonomy can guide investors through this rough patch
PRI reveals framework is operable but data and indicator frontier not yet tackled
Stakeholders welcome classification system, describing it as ‘game changer’
Harmonised screening of high carbon/climate-risk inducing assets would affect ratings
Which ‘aims to provide clarity for investors on what can be regarded as a sustainable investment’