Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Approved Verifiers under the Climate Bonds Standard

Below is a directory of Verifier organisations which have been approved by the Climate Bonds Standard Board.

Bond issuers and loan borrowers interested in applying for Certification can choose from this list and engage with a Verifier that matches their bond's geographical coverage and sector criteria.

Find out how to become an Approved Verifier

More about the Assurance aspects of our Certification or contact directly:

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Climate Bonds Institute
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44 result(s)
Verifier Name Overview Region/Geographic Scope Sector Criteria Contact/URL

BAM
BAM

Build America Mutual (BAM) is a mutual bond insurance company operated for the benefit of its members – the cities, states and other municipal entities that use BAM’s financial guaranty to lower their cost of borrowing. BAM is the National League of Cities’ preferred provider of bond insurance. BAM is licensed in all 50 states and helps make essential public infrastructure – including water and sewer utilities, schools, roads, and government buildings – more affordable. United States

Water Infrastructure
Low Carbon Buildings (Commercial)
Low Carbon Transport

Michael Stanton
Head of Corporate Strategy & Communications
+1 212-235-2575

Beijing Zhongcai Green Financing Consultants Ltd
Beijing Zhongcai Green Financing Consultants Ltd

Beijing Zhongcai Green Financing Consultants Ltd has emerged as the commercial arm of the International Institute of Green Finance (IIGF), Central University of Finance and Economics (CUFE) in Beijing. They have significant experience in the Chinese green bond market and policy research. China

Solar Energy
Wind Energy
Low Carbon Buildings
Low Carbon Transport
Marine Renewable Energy

Ms Ying CUI

Blue Snow Consulting
Blue Snow Consulting

Blue Snow was set up in 2005 to provide boutique energy engineering and building technology services to the building and infrastructure sector. The focus was to assemble a team of industry professionals to assist developers, owners and design teams to enhance the energy performance of buildings in its design stage and buildings that are already in operation. As the company progressed, clients were increasingly asking for total solutions as opposed to just analysis. This drove Blue Snow to develop its own solutions as well as partner with other solution providers to provide services ranging from audit, design, analysis, solution implementation, commissioning, maintenance and now finance. As of today,Blue Snow has worked on more than fifty LEED and other green building certifications and numerous energy audit and improvement projects within ASEAN. Malaysia UK and ASEAN region

Low Carbon Buildings
Solar
Wind

Bernard Sagaiyaraj

Bureau Veritas (Brazil)
Bureau Veritas (Brazil)

Created in 1828, Bureau Veritas is a global leader in Testing, Inspection and Certification (TIC), delivering high quality services to help clients meet the growing challenges of quality, safety, environmental protection and social responsibility. Brazil

Solar
Wind
Geothermal
Marine Renewables
Bioenergy
Low Carbon Buildings
Forestry

Alex Vervuurt (Brazil)

Bureau Veritas (UK)
Bureau Veritas (UK)

Created in 1828, Bureau Veritas is a global leader in Testing, Inspection and Certification (TIC), delivering high quality services to help clients meet the growing challenges of quality, safety, environmental protection and social responsibility. Worldwide

Solar Energy
Wind Energy
Water Infrastructure
Low Carbon Buildings
Low Carbon Transport
Marine Renewable Energy

Vishal Goel
Sustainability Services Team

Carbon Care Asia Limited (CCA)
Carbon Care Asia Limited (CCA)

Carbon Care Asia Limited (CCA) is a leading provider of services on carbon strategy, greenhouse gas reduction, climate change policy advice, and environmental, social and governance reporting in East and Southeast Asia. Headquartered in Hong Kong, CCA was founded by top environmental and social development professionals. Operating as a professional social business, CCA stands uniquely in the middle of the spectrum between NGOs and purely commercial consultancies. Asia

Solar Energy
Wind Energy
Geothermal Energy
Low Carbon Buildings
Water Infrastructure

John Sayer, Director
(+852 2541 5020)

Carbon Trust
Carbon Trust

Carbon Trust‘s certification arm works with hundreds of organisations around the world, helping them to better understand their environmental impacts and robustly demonstrate sustainability achievements. Their certifications focus on reductions in carbon emissions and improving resource efficiency, including water use and waste output. Worldwide

Solar Energy
Wind Energy
Low Carbon Buildings
Low Carbon Transport
Water Infrastructure

Morgan Jones
Nick Harris

CECEP
CECEP

CECEP Hundred Technical Service (Beijing) Co.,Ltd. is a wholly-owned subsidiary of CECEP Consulting Co., Ltd. CECEP Consulting was established in 1995. The company has over 80 employees with expertise in a wide range of environmental and engineering fields and also access to a network of over 2000 experts in different organisations. CECEP Consulting works closely with government departments in energy conservation and environmental protection policy research and planning. The company has provided consulting services for over 5000 projects with total investment volume exceeding one trillion. CECEP Consulting has a high reputation in China's energy conservation and environmental protection industry, known as the "think tank." China

Wind Energy
Solar Energy
Low Carbon Transport
Water Infrastructure

Chang He

China Chengxin Credit Management Co.
China Chengxin Credit Management Co.

China Chengxin Credit Management Co., Ltd. (CCX) is the pioneering credit rating agency in China with a leading market position since its establishment in 1992. CCX was the first Chinese credit rating agency to publish a green bond assessment method, and was also the first as a CBI approved verifier in the industry in China. CCX is committed to providing independent, professional certification, assurance, assessment and consulting services related to green bond and other fields of sustainable finance. China

Solar Energy
Wind Energy
Low Carbon Transport
Low Carbon Buildings
Water Infrastructure

Alex Cui

China Lianhe EIA
China Lianhe EIA

Lianhe EIA is committed to providing professional consulting, certification, research services related to sustainable finance and environmental protection. It has particular experience in financial analysis, environmental impact assessment, sustainable development consulting and environmental engineering technology. China

Solar Energy
Wind Energy
Low Carbon Buildings
Low Carbon Transport
Water Infrastructure

LIU Jingyun

China Quality Certification Centre (CQC)
China Quality Certification Centre (CQC)

China Quality Certification Centre (CQC) is a professional certification body and its core business involves product certificaiton, including China Compulsory Certification (CCC), voluntary certification, management system and training services certfication. CQC is also a state-authorised third party certification body for energy saving, water, environmental friendly products, IECEE CB systems as well as being an official member of IQNet, IFOAM, ANF and CITA. It has established coorperative relations with 27 certification bodies in 19 countries. China

All sectors

ZHU Hailei
ZENG An

Deloitte
Deloitte

Deloitte China, France, Italy, Luxembourg and Spain are member firms of Deloitte Touche Tohmatsu Limited, limited by guarantee (“DTTL”). Over 900 Deloitte member firm partners and professionals deliver sustainability-related services to clients in more than 50 countries. These professionals collaborate across the Deloitte network’s business lines – Risk Advisory, Audit, Tax & Legal, Consulting, and Financial Advisory – to help clients transition to sustainable business models and practices that will deliver top and bottom line growth for the long term. Individual member firms are the Verifier. Subject to issuer’s location, the issuer may be referred to the appropriate individual firm to provide Verification service

All sectors

Julien Rivals
(France)
Flavia Micilotta
(Luxembourg)
Javier Martin-Gonzalez
(Spain)
Gu, Jolin Ling
(China)
Philipp von Websky
Thomas Krick
(Germany)
Monica Palumbo
(Italy)

DNV.GL
DNV.GL

DNV-GL is the world's leading ship and offshore classification society, the leading technical advisor to the global oil and gas industry, and a leading expert for the energy value chain including renewables and energy efficiency. We’ve also taken a position as one of the top three certification bodies in the world. Worldwide

All sectors

Mark Robinson
Douglas Farquhar

DQS CFS
DQS CFS

All members of the DQS Group strive towards one common goal: to contribute to the sustainable success of our clients. Within the Group, DQS CFS is the branch that focuses on audit and assessment services related to sustainability and consumer safety. This not only includes certification of quality and product safety management systems, but also supplier audits, inspection, product certification and external assurance on sustainability reports and data. Worldwide

All sectors

info@dqs-cfs.com

Emergent Ventures India (EVI)
Emergent Ventures India (EVI)

Emergent Ventures India (EVI) provides public and private sector consulting and assurance services across the spectrum of sustainable development issues in India and Southeast Asia. Worldwide

Solar Energy
Wind Energy
Low Carbon Transport
Forestry
Low Carbon Buildings
Bioenergy

Atul Sanghal

EPIC Sustainability
EPIC Sustainability

EPIC Sustainability is a leading independent greenhouse gas verifier, sustainability assurance provider and third party auditor operating globally. EPIC is a two time International Award Winning Organization within two years of commencing operations, first in the history of environmental markets business. Worldwide

All sectors

Dr. Vishnu

EQA Spain
EQA Spain

EQA Spain is a certification, inspection and verification body conducting thousands of audits per year in quality and SGE standards. Third party SGE evaluations assignments include sustainability reports, Green House Gas verifications, and audits related to governance like antibribery, money laundry prevention, tax assurance systems and other schemes related to compliance in general. Our values are strong technical competence, independence and confidentiality. Worldwide excl US, Canada

All sectors

Gustavo Horn

ERM CVS
ERM CVS

ERM Certification and Verification Services (ERM CVS) is a wholly owned subsidiary of the ERM Group, a global market leader in sustainability services. Operating in more than 50 countries, we deliver independent, accredited, performance-focused certification, verification and assurance services. Our team brings together expertise in climate-related project validation and verification, data verification, financial accounting and assurance; with deep technical experience across the range of the sectors included within the Climate Bonds Initiative. Worldwide

Solar Energy
Wind Energy
Geothermal Energy
Marine Renewable Energy
Low Carbon Buildings
Low Carbon Transport
Water Infrastructure

Michael Anderson

EY
EY

EY is a global leader in assurance, tax, transaction and advisory services. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, a UK company limited by guarantee, each of which is a separate legal entity. There are 231,000 EY people globally and EY offices in more than 150 countries. Individual member firms are the Verifier. Subject to issuer’s location, the issuer may be referred to the appropriate individual firm to provide Verification services

All sectors

Judy Li (China)
EY China
Pip Best (Asia Pacific)
Mark Fisher(Europe)
John DeRose (Americas)
Artem Larin (Central, Eastern and South Europe)
EY Global

First Environment
First Environment

First Environment is a U.S.-based environmental consulting company that provides environmental verification and product certification services as well as site remediation, regulatory compliance, environmental management system, climate change adaptation, and litigation support services. The firm is an American National Standards Institute (ANSI) accredited greenhouse gas verification body and has received past recognition by Environmental Finance as the Best Verification Company for both voluntary and mandatory markets in North America. Worldwide

All sectors

Phil Ludvigsen

Golden Credit Service Co. Ltd.
Golden Credit Service Co. Ltd.

Golden Credit Service is a leading credit consulting company in China. The company is committed to providing objective and independent verification & certification services related to green bond, green enterprise, and environmental protection. In addition, it provides consulting services of ESG risk management and sustainable & responsible development. Golden Credit Service is entitled to qualified credit investigation institution of The People’s Bank of China (PBoC), a credit system cooperative institution of National Development and Reform Commission (NDRC), as well as member of National Association of Financial Market Institutional Investors (NAFMII) China

Solar Energy
Wind Energy
Geothermal Energy
Marine Renewable Energy
Low Carbon Buildings
Low Carbon Transport
Water Infrastructure

Stella Chang
Head of International Business
Yixiang Fang
Head of Green Bond Dept

Greensolver
Greensolver

Created in 2008, Greensolver is an independent technical expert dedicated to wind and solar assets. From construction & operations (TCM) to advisory services we are dedicated to creating value and delivering high value services to our customers. We have offices in Paris, London & Groningen and are certified with ISO 9001, ISO 14001, ISO 55001 and OHSAS 18001 Worldwide

Solar Energy
Wind Energy

Maxime Harroy
+33 (0)6 37 02 94 41

HKQAA
HKQAA

Established by Hong Kong Government in 1989, Hong Kong Quality Assurance Agency (HKQAA) is a non-profit public organization that for several decades has been committed to introducing international management standards, promoting good management practices and sustainability in Greater China. As one of the leading conformity assessment organisations in the region, HKQAA developed diverse services and obtained ample experience in the field of social responsibility, environmental protection, sustainability and responsible investment. These services include Green Finance Certification Scheme, CSR Index Series, assessment and rating services for the Hang Seng Corporate Sustainability Index Series, as well as Validation and Verification for Clean Development Mechanism projects. Worldwide except United States and Canada

Solar Energy
Wind Energy
Low Carbon Buildings
Water Infrastructure

P C Chan Chief Operating Officer

HR Ratings
HR Ratings

Since 2007, HR Ratings has conducted ratings assigned to debt issuances in Mexico with a value totaling approximately US$35 billion. These ratings include analysis of governmental entities, corporates, financial institutions, infrastructure and asset backed securities in Mexico. HR Ratings has since expanded internationally, to become the first Latin American credit rating agency and one of only ten companies worldwide which is registered with the US Securities and Exchange Commission (SEC) as a Nationally Recognized Statistical Rating Organization (NRSRO) ) for issuers of government securities. It is the first Latin American Credit Rating Agency (CRA) to be certified by the European Securities and Markets Authority (ESMA) and the third overall Credit Rating Agency to be certified by this institution. Worldwide

All sectors

Raul Medina, Business Development Manager

iGreenBank
iGreenBank

The iGreenBank is a leading green fintech player in green finance market. The key business of the iGreenBank is enhancing the credibility of green finance products based on an AI engine called EnRobot and a database named Green Recording System(GRS). The iGreenBank provides services including green bonds assessment, environmental risk management, big data mining and ESG. China (not include Hong Kong, Macau)

Solar Energy
Wind Energy
Geothermal Energy
Marine Renewable Energy
Low Carbon Buildings
Low Carbon Transport
Water Infrastructure

Mr. Zhang Han
+86 13501358579

Indufor Oy
Indufor Oy

Indufor Oy is an independent international consulting company providing world class advisory services to a wide range of public and private sector clients around the world in natural resources management, investment advisory, and strategic industrial development. Indufor has completed over 900 consulting assignments in more than 100 countries worldwide since 1980. Worldwide

Forestry

Dr Silja Siitonen

ISS
ISS

ISS ESG is the responsible investment arm of Institutional Shareholder Services Inc., the world’s leading provider of environmental, social, and governance solutions for asset owners, asset managers, hedge funds, and asset servicing providers. Under the ISS ESG umbrella are three discrete units that draw on deep historical and industry expertise, including: ISS-ethix, ISS-climate, and ISS-oekom. ISS ESG clients rely on the expertise of all three to help them integrate responsible investing policies and practices into their strategy and shareholder voting decisions. Worldwide

Solar Energy
Wind Energy
Marine Renewable Energy
Geothermal Energy
Low Carbon Buildings
Low Carbon Transport
Water Infrastructure

SPO@isscorporatesolutions.com
Stephen James

Japan Credit Rating Agency
Japan Credit Rating Agency

Founded in 1985, Japan Credit Rating Agency, Ltd. (JCR) is one of the major credit rating agencies in Japan. Not only in Japan, it is the only Japanese credit rating agency registered in the United States and is a certified CRA in EU. In terms of sustainable finance market, JCR provides an independent evaluation (Rating/Scoring) and verification with its long experience in Japanese debt capital market, together with the Japanese environmental engineering firm, E&E Solutions. Japan

All sectors

Atsuko Kajiwara

Kestrel Verifiers
Kestrel Verifiers

Kestrel Verifiers is an American company with deep experience in the water, energy and land use sectors. We support green finance with professional verification services. We are committed to quality, customer service and the transition to a low-carbon economy. Worldwide

Solar Energy
Wind Energy
Marine Renewable Energy
Geothermal Energy
Low Carbon Transport
Water Infrastructure
Low Carbon Buildings
Forestry

Monica Reid

KPMG
KPMG

KPMG Australia, India, Luxembourg, New Zealand, and Singapore operate as parts of a network of independent member firms offering audit, tax and advisory services. It operates in 155 countries and employ more than 155,000 people across a range of disciplines. KPMG's clients include business corporations, governments and public sector agencies and not-for-profit organizations. Individual independent member firms are the Verifier. Subject to issuer’s location, the issuer may be referred to the appropriate individual firm to provide Verification services

All sectors

Manpreet Singh
(India)
Julien Ganter
(Luxembourg)
Cherine Fok
(Singapore)
Dr Charles Ehrhart
(New Zealand)
Mark Spicer
(Australia)
Tom Cascales
(France)

Multiconsult ASA
Multiconsult ASA

Multiconsult ASA is Norway’s leading engineering consultancy, with global knowledge and local experience across multiple markets in Europe, Africa and Asia. Multiconsult provides technical and commercial advisory services within the whole renewable energy value chain from production, transmission and distribution, to consumption and energy efficiency/building technologies. We can verify green bonds focused on investments in solar and wind power and biomass; off-grids, mini-grids and grid-connected solutions up to 600 kV; we also work with battery storage, energy-efficient buildings as well as electric transportation. Worldwide except United States

Solar Energy
Wind Energy
Low Carbon Buildings
Low Carbon Transport

Multiconsult Sales Team

NSF Certification, LLC
NSF Certification, LLC

NSF Certification, LLC is a USA-based not-for-profit organization respected for its scientific and technical expertise. Our worldwide offices provide product and management system certification and climate services. We are accredited by the American National Standards Institute (ANSI) as a greenhouse gas validation and verification body. Worldwide

Solar Energy
Wind Energy
Low Carbon Buildings
Low Carbon Transport
Water Infrastructure

Stacey L Mack

Pacific Credit Rating
Pacific Credit Rating

We are a credit rating company with 27 years of experience on our field, operating across 11 countries throughout Latin America and the Caribbean. Our sister company, Pacific Corporate Sustainability (PCS) provides advice on sustainable finance, corporate sustainability and corporate governance. With the support of PCS, we are active promoters of responsible investments in the region. Latin America Caribbean

Low Carbon Transport
Water Infrastructure
Marine Renewable Energy
Solar
Wind
Geothermal
Waste Management
Low Carbon Buildings

contacto@pcslatam.com
Sandra Carrillo, PCS General Manager

PwC
PwC

PwC's purpose is to build trust in society and solve important problems. It is a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Individual network member firms are the Verifier. Subject to issuer’s location, the issuer may be referred to the appropriate individual firm to provide Verification service

All sectors

Ola Ogunyemi
Stacey Kwok, PwC China
PwC Global

Raising Clean-tech Investment Consulting Co., Ltd.
Raising Clean-tech Investment Consulting Co., Ltd.

Raising Clean-tech Investment Consulting Co., Ltd. provides independent green finance services in China. With a deep understanding of Chinese policy and abundant experience, the company helps governments, enterprises and financial institutions find sustainable business models and green finance solutions. As an independent verifier, it can provide external assurance for green bonds issuance under the required standard. China

Solar Energy
Wind Energy
Low Carbon Buildings

Leo LU

RAM Sustainability
RAM Sustainability

RAM Sustainability is a provider of sustainability services and ESG analytics. Incorporated on 31 May 2000, it is a wholly owned subsidiary of RAM Holdings Berhad, a group with 30 years’ expertise in credit rating, risk management, economics research and training. RAM Sustainability is a pioneer ASEAN-based provider of sustainability ratings and green bond opinions; we also have the distinction of being the first Registered Observer of the ICMA Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines in ASEAN. We have vast experience in reviewing green bonds/sukuk in Malaysia since 2017. Worldwide

Solar
Wind
Marine Renewable Energy
Low Carbon Transport

Gladys Chua

RSM Australia
RSM Australia

Having grown into one of Australia’s leading professional services firms over the last ninety five years with 30 offices across Australia, RSM Australia is committed to enabling clients through a greater understanding of what matters most to their business. RSM Australia is part of the world’s sixth largest audit, tax and consulting network, the RSM global nexus of member firms draws on more than 41,000 people in 750 offices, across 116 countries - including the world’s top 40 major business centres - to help guide clients through business challenges, both locally and seamlessly across borders. Australia

All sectors

Tim Pittaway

SGS Hong Kong
SGS Hong Kong

Established in 1878, SGS is one of the world leaders in assessment, certification, testing and inspection industries. With more than 94,000 employees, SGS operates a network of more than 2,600 offices and laboratories globally. SGS has been delivering business enhancement solutions to business partners in different sectors for over decades. In the aspect of climate change, SGS provides customized solutions including environmental management system certification, energy audit, supplier audit, carbon verification, etc. SGS also launches various sustainability partnership schemes so as to promote environmental, social and governance (ESG) culture in the industries. Worldwide

Low Carbon Buildings
Low Carbon Transport
Solar
Wind
Water Infrastructure
Forestry
Waste Management
Geothermal

Miranda Kwan, Director, Certification & Business Enhancement
Zonta Yung, Assistant Manager, Business Development

SinoCarbon
SinoCarbon

SinoCarbon Innovation & Investment Co., Ltd. (SinoCarbon) is an innovative think tank, state-authorized certification body focusing on energy, climate change, environmental protection, green development and other fields. SinoCarbon is committed to developing into a leading green and low-carbon comprehensive service, to promotes green development and ecological civilization construction through innovative practice. China

All sectors

Mr. Zhibin CHEN +86-01084186703

Sustainalytics
Sustainalytics

Sustainalytics is a global environmental, social and governance (ESG) and corporate governance research and analysis firm. It helps clients turn vast quantities of environmental, social and governance information into insightful, value-added analysis to enable more informed investment decisions. Worldwide

All sectors

Ian Howard (worldwide)
North and South America
Europe and Middle East
Asia Pacific

SynTao Green Finance
SynTao Green Finance

SynTao Green Finance is an independent consultancy promoting sustainable finance in China. With a global vision and rich local practice, they provide consulting, research and training services in ESG risk management, green finance product innovation and verification, and other sustainable finance perspectives. China

Solar Energy
Wind Energy

Valentina Wu

TRIS Rating
TRIS Rating

TRIS Rating is the first and largest credit rating agency in Thailand with more than 25 years of rating experience. As of July 2020, TRIS Rating had rated more than 500 entities, and debt issues worth in aggregate equivalent to more than USD 200 billion. TRIS Rating is a 51%-owned subsidiary of TRIS Corporation, and a strategic partner of S&P Global Ratings who holds 49% interest in TRIS Rating. TRIS Rating is committed to provide independent professional opinions on green bond issues in Thailand with respect to their conformance with CBI’s Climate Bonds Standard. Thailand

Solar
Wind

Kornkamol Thavisin (Kip)
SVP, Business Development
+6681 833-4242 / +662 098 3035

Tüv Nord
Tüv Nord

TÜV NORD CERT is a service-provider for comprehensive testing and certification on the basis of national and international specifications and standards for products, services and management systems. Worldwide

All sectors

For enquiries

Vigeo Eiris
Vigeo Eiris

Vigeo Eiris is a global independent provider of ESG research and services for investors, public and private organisations and NGOs. Worldwide

All sectors

VE Sustainable Finance

Withdrawn Verifiers

Verifier

BDO India
BDO India

Ethifinance
Ethifinance

Atelier Ten
Atelier Ten