ABSTRACT

The growing Green Bond market in India needs proper reporting that would enable integrity and help curb greenwashing. This study assesses Allocation and Impact reporting quality for a sample of recent Indian Green Bonds against ICMA GBP, HFIR, and SEBI standards. Qualitative analysis of public documents reveals adequate pre-issuance framework alignment but significant post-issuance gaps in reporting accessibility, detail, and especially external verification, particularly for impact metrics. Enhancing post-issuance transparency and verified disclosures is crucial for strengthening India's growing green finance market integrity and combating greenwashing risks.