For years the EU, The European Parliament, and most recently, the capital markets union have wrestled with the notion of sustainable finance and how to strengthen the long term connection between society and the financial services business. With the emergence of environmental, social, and governance (ESG) standards, this connection is strengthening in equities but less so in bonds. So-called Green Bonds pose a number of challenges including taxonomy, liability regimes and disclosures. In the podcast, Josina Kamerling, head of regulatory outreach for CFA Institute for Europe explores the state of the discussion on Green Bonds and what developments investors and policy makers might expect in the coming months and years.