The EU’s new Green Bond Standard aims to build on these market practices and on the taxonomy, and promote market integrity. Rating agencies are integrating ESG information into their ratings and other scores. This is another building block to better price and track climate risk in the financial system and the real economy.
5/7  BIS central bankers' speeches  Another driver of growth in sustainable bonds would be a positive risk/return profile compared with conventional bonds. The October 2019 issue of our Bundesbank Monthly Report compares secondary market trading in conventional and green bonds issued by the KfW and the EIB.