The EU's taxonomy of sustainable activities is a "powerful tool" for impact reporting, but the data is not always there to enable reporting in alignment with it, Environmental Finance's ESG in Fixed Income Europe 2020 virtual conference heard.
"As a sovereign issue, some of our eligible expenditure is rather unusual," said Alexandre Vincent, manager, green bond unit of Agence France Trésor. "And there is not necessarily readily available metrics to assess the environmental impact."
The panel also discussed how to lend and invest with the EU taxonomy in mind.
A clip of the panel can be viewed below. The full panel discussion and the other discussions from the event are still available to view on the events platform.
Moderator: Philip Brown, Managing Director – Capital Markets Origination, Citi
Panellists: Alexandre Vincent, Manager, Green Bond Unit, Agence France Trésor
Eila Kreivi, Director and Head of Capital Markets Department, EIB
Scott MacLellan, Director, Fixed Income Portfolio Management Group, BlackRock Financial Management
Willem Hettinga, Senior Responsible Investment Specialist, APG Asset Management