China’s SynTao Green Finance confirmed as an Approved Climate Bonds Standard Verifier; working to grow China market

SynTao Green Finance, an independent ESG risk management, research and consulting company in China, has been confirmed by the Climate Bonds Standard Board as an approved verifier.

SynTao Green Finance co-founder and CEO, Tracy Cai, said:

“As an Approved Verifier under the Climate Bonds Standard we plan to play an important role in developing confidence and trust in the growing green bond market in China.

“Certification services will be designed to meet both the new People’s Bank of China regulations for financial institution bonds as well the international Standard.”

Climate Bonds CEO Sean Kidney said:

“Under recently announced green bond regulations from the People’s Bank of China, the country’s central bank, Chinese issuers are encouraged to get certification from an independent professional institution.

“We are working to share international approaches to assurance for the benefit of the Chinese domestic market.

“If confidence in environmental credentials can be assured and maintained, we believe the Chinese green bonds market can quickly grow to be the world’s largest.”

The Climate Bonds Standard sets out clear criteria to verify certain green credentials of a bond. It allows investors and governments to easily prioritise green bonds with confidence that proceeds are being used to deliver environmental benefits. Development of the Standard is overseen by the Climate Bonds Standard Board representing $34 trillion of assets under management.

Parent company SynTao Co. Ltd was founded by China ESG pioneer Dr. Guo Peiyuan and Calvert Funds founding Chairman, Dr Wayne Silby. It’s a founding member of the Green Finance Committee of China Society of Finance and Banking, whose mandate covers green finance research, promoting innovative green investment and financing products and helping to implement green finance policies.

SynTao Green Finance is co-founder of China Social Investment Forum (SIF); Dr. Guo Peiyuan and Tracy Cai are responsible for the sustainable finance training programme of the China Banking Association’s Education and Training Department; and Tracy Cai is a board member of 1st Green Finance Standing Committee of the China Environmental Science Institute, the earliest and largest environmental protection agency under the supervision of Ministry of Environmental Protection.