Green Bond Impact Report as an Essential Next Step in Market Development

Gergely Manasses (), Eva Paulik () and Attila Tapaszti ()
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Gergely Manasses: Magyar Nemzeti Bank
Eva Paulik: Magyar Nemzeti Bank
Attila Tapaszti: Magyar Nemzeti Bank

Financial and Economic Review, 2022, vol. 21, issue 4, 180-204

Abstract: The measurement of the environmental impact of green bonds, its reliability and the publication of measurement results are crucial for the transparent functioning of the market and supporting investor decisions. However, this segment of the financial markets is still at an early stage of maturity, and the lack of adequate data and methodologies is a common problem that can only be solved by the development of single-market best practices and regulations. The essay reviews the trends, characteristics and current regulation of existing green bond impact reports and describes the challenges of evaluating impact reports, based on the literature and our own practical experience. In our view, the market has already moved past its "virtue-signalling PR" stage, but there is still a long way to go before impact data become as standardised as traditional financial data.

Keywords: green bond impact reports; quantification of environmental impacts; impact investing (search for similar items in EconPapers)
JEL-codes: G11 O13 O44 (search for similar items in EconPapers)
Date: 2022
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