Green Bond Verification Services
A green bond is a debt security that is issued to raise capital specifically to fund projects that have positive environmental benefits. They may be issued by government agencies, corporates, banks or development agencies and may be used for a number of projects such as constructing ‘green’ buildings, providing consumer loans for low emissions vehicles, or retrofitting factories.
Green bonds allow issuers to reach different investors and promote their environmental credentials. However, investors and issuers can face being accused of ‘greenwashing’ if green bonds are not clearly defined and there can be questions about the ‘additionality’ of the environmental benefits being funded.
To provide clarity and transparency around the use of a bond’s proceeds, the Climate Bonds Initiative (CBI), an international, investor-focused not-for-profit organisation, has developed certification criteria and an assurance standard.
Prospective issuers wishing to have their bonds certified must appoint an approved third-party verifier such as Bureau Veritas, who will review whether the bond meets the Climate Bonds Standard’s requirements and issue an assurance statement.
Our technical expertise and in depth knowledge of technologies typically adopted by climate bonds eligible projects, such as solar and wind, makes Bureau Veritas your trusted approved CBI third-party verifier.
Bureau Veritas has worked alongside organisations since the CBI criteria was launched and verified the first certified climate bond in the UK, the Big60Million Ltd solar bond, as being compliant with the Climate Bonds Standard, proceeds of which were used to refinance the cost of developing and constructing the 3.8MWp Willersey Solar Farm in Gloucestershire.
- Approved third-party verification of green bonds to the Climate Bond Standard
- Allow investors to prioritise green bonds with confidence knowing that the funds are being used to deliver climate change solutions or other environmental benefits
- Provide transparency to investors and interested parties that the green bond criteria are being observed
- Help issuers reach a more diverse investors base and avoid accusations of ‘green washing’
Find out more
Call us on 0845 600 1828 or email firstname.lastname@example.org to learn more about our green bond verification services.