The Danish government will also issue green bonds governed by this Framework in order to contribute to the sustainable transition of the economy and reach the objectives set out in the Paris Agreement and the United Nations 2030 Agenda for Sustainable Development, which call for significant investments.
This Green Bond Framework is aligned with the 2021 version of the Green Bond Principles (GBP), as published by the International Capital Market Association (ICMA). The Danish government recognises the importance of a common definition of sustainable economic activities that enhances transparency, thereby supporting the continued development of the green bond market. Consequently, eligible green expenditures under this framework are evaluated according to, and to the extent possible, aligned with the criteria in the EU classification system forsustainable economic activities (the “EU Taxonomy”) as adopted by the Commission on 4 June 2021 in the Delegated Act for climate change mitigation and climate change adaptation activities. Further, this framework has sought to alignwith key elements of the proposed regulation on a European Green Bond Standard (EU GBS) on 6 July 2021 including the bond-related, reporting, and external verification requirements.
This Framework may be amended from time to time to reflect market developments, including changes to the EU Taxonomy and the ICMA GBP, as well as developments around the EU GBS, with the aim of adapting to, and aligning with, best market practices.
