Sustainalytics – the leading independent provider of environmental, social and governance (ESG) research and analysis to investors around the world– is the latest company to be confirmed by the Climate Bond Standards Advisory Board* as an approved verifier. They will be joining EY, KPMG, Bureau Veritas, DNV-GL, Oekom Research and others as approved verifiers under the Climate Bond Standard.
Sustainalytics has been actively involved in the green bonds space since mid-2014 and has provided second opinions for a number of green bond issuances with a climate focus.
“We understand that a widely accepted definition of what qualifies as a green bond will foster greater transparency between investors and issuers and establish greater confidence in the green bond market,” said Simon MacMahon, Global Director of Advisory Services at Sustainalytics. “We applaud the efforts of the Climate Bonds Initiative in establishing trusted standards, and look forward to working with the Board to raise awareness of them.”
Sean Kidney, CEO of the Climate Bonds Initiative welcomed Sustainalytics joining saying:
"We’re excited to have Sustainalytics become an approved approved verifiers. They’ve got a great history of undertaking superb analytical work for socially responsible investors, and we look forward to their contribution towards making the Climate Bonds Standard a success.”
To issue a Certified Climate Bond, an issuer simply has to get the bond reviewed by an approved 3rd party verifier. The verifier’s job is to ensure that the bond’s assets meet the Climate Bond Standard’s environmental and financial guidelines.
*Disclosure: The CBSAB is an Advisory Committee to the Climate Bonds Board.
