{"id":47466,"date":"2020-01-07T08:19:31","date_gmt":"2020-01-07T08:19:31","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=47466"},"modified":"2020-01-07T08:19:31","modified_gmt":"2020-01-07T08:19:31","slug":"green-bonds-are-go-but-how-do-we-know-they-are-green","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/01\/07\/green-bonds-are-go-but-how-do-we-know-they-are-green\/","title":{"rendered":"Green bonds are go &#8211; but how do we know they are green?"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.ft.com\/content\/61631c2c-1a65-11ea-9186-7348c2f183af\" target=\"_blank\" rel=\"noopener\">FT has published this chart<\/a> this morning:<a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/01\/07\/green-bonds-are-go-but-how-do-we-know-they-are-green\/screenshot-2020-01-07-at-08-10-54\/\" rel=\"attachment wp-att-47467\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-47467\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2020\/01\/Screenshot-2020-01-07-at-08.10.54-550x381.png\" alt=\"\" width=\"550\" height=\"381\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2020\/01\/Screenshot-2020-01-07-at-08.10.54-550x381.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2020\/01\/Screenshot-2020-01-07-at-08.10.54-434x300.png 434w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2020\/01\/Screenshot-2020-01-07-at-08.10.54-768x531.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2020\/01\/Screenshot-2020-01-07-at-08.10.54-578x400.png 578w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2020\/01\/Screenshot-2020-01-07-at-08.10.54.png 1604w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a>As the FT notes:<\/p>\n<blockquote><p>Green bonds are red hot. Issuance smashed through analysts\u2019 projections in 2019 and is set to continue expanding this year as sustainability-minded investors snap up almost every deal that hits the market.<\/p><\/blockquote>\n<p>But I have a question, and that is how do we know that these bonds are green? There is, as yet, no green accounting, at all. And as a result we have to take the word of these companies that they are using the proceeds of these bonds for green purposes.<\/p>\n<p>This is one of the many reasons why we need\u00a0<a href=\"http:\/\/www.corporateaccountabilitynet.work\/projects\/sustainable-cost-accounting-the-essential-guides\/\" target=\"_blank\" rel=\"noopener\">sustainable cost accounting<\/a>, or sustainable cost reporting as I am beginning to rename it, because that means I can ask 'what's your SCORE?', which most companies will not be able to say right now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FT has published this chart this morning:As the FT notes: Green bonds are red hot. Issuance smashed through analysts\u2019 projections in 2019 and is<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/01\/07\/green-bonds-are-go-but-how-do-we-know-they-are-green\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[176,74,178],"tags":[],"class_list":["post-47466","post","type-post","status-publish","format-standard","hentry","category-corporate-accountability-network","category-green-new-deal","category-sustainable-cost-accounting"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/47466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=47466"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/47466\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=47466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=47466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=47466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}