The Kingdom of Denmark European Green Bond (EuGBS) issuance was praised by the judges for its "strong commitment to long term sustainability and setting standards for other sovereign issuers" describing it as "well structured", "aligned with EU taxonomy" and providing a "great example by developing the factsheet which may be a potential way to adopt best practices by other countries."

This first-of-its-kind factsheet for a sovereign European Green Bond Standard (EU GBS) issuance aligns with the new EU Green Bond Standard Regulation and the International Capital Market Association (ICMA) Green Bond Principles.

Denmark's inaugural EuGBS features a twin bond concept where green bonds are issued as twin bonds with the same financial characteristics as one of the government's conventional bonds.

Proceeds are allocated to renewable energy, clean transportation and environmentally sustainable management of living natural resources and land use, and initiatives include subsidies for solar and wind electricity, rail infrastructure projects and afforestation and restoration of wetlands projects.