In October 2023, Which organization has approved world’s first Green Bond Standards?

Correct Answer: B. European Union

European Union lawmakers on Thursday approved new standards for companies issuing “green” bonds to help investors pick sustainable companies and avoid greenwashing or misleading climate-friendly claims. The European Parliament voted in favour of the new voluntary standard for the use of a “European Green Bond” label, calling it the first of its kind in the world. Europe is the world’s biggest issuer of green bonds, accounting for more than half of global volume in 2021, though issuance is still only 3% to 3.5% of the overall bond market.