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
CSV
66 result(s)
Verifier Name Overview Region Approved For Contact/URL

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 Use of Proceeds and Asset Only

For enquiries

Tris Rating

TRIS Rating is registered in Thailand and currently operates in Thailand. It is a credit rating agency “CRA”. The company was established in 2002 and is the first credit rating agency in Thailand. It traces its roots back to 1993, when it began offering credit rating services as part of another company. Over the years, it has been the leading CRA in Thailand. It currently conducts ratings for over 200 organisations in Thailand, as well as some companies from other countries. These include ratings at the company level, as well as for specific debt issuances. It currently has 75% share of the market in Thailand. Their revenue for 2019 was USD 9.8 million and the company has 46 staff. In 2016, S&P acquired a 49% stake in TRIS. Thailand Use of Proceeds and Asset Only

kornkamol@trisrating.com

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 Use of Proceeds and Asset Only

Valentina Wu

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 Use of Proceeds and Asset Only

Upasna.Handa@morningstar.com (worldwide)

North and South America

Europe and Middle East

Asia Pacific

Shenzhen CTI International Certification Co., Ltd.

Shenzhen CTI International Certification Co., Ltd (CTI Certification), a wholly owned subsidiary of Centre Testing International Corporation (CTI Group). CTI Group is China’s leading and public listed testing, inspection, certification, and advisory firm. CTI Certification is a well-known and influential 3rd party certification body licensed by CNCA and accredited by CNAS, providing QMS, EMS, OHSMS, FSMS, EnMS, HACCP, ISMS, IPMS, and product certification. Besides, CTI Certification is a leading CB to provide GHG services (ISO 14064-1 verification, carbon footprint verification, GHG project validation and verification), ESG services (ESG report, ESG management improvement, and ESG data service), green finance assessment and energy efficiency technical services. China Use of Proceeds and Asset Only

duwenjun@cti-cert.com

SGS Group 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, 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 Use of Proceeds and Asset Only

Miranda Kwan, Knowledge Division, Director

Billy Lai, Deputy Director

Zonta Yung, Project Manager, Sustainability

Calvin Wong, Senior Sustainability Manager

Scope Group

Scope Group was founded in 2002. The company has become the leading European provider of independent credit ratings, ESG analyses, fund analyses creating a greater diversity of opinion for institutional investors. Scope also offer bespoke solutions for assessing and monitoring risk. Scope has 250 employees across offices in Berlin, Paris, London, Milan, Madrid, Oslo and Frankfurt. The growth strategy is focused on ensuring institutional investors have fast and easy access to accurate, comprehensive and timely financial and non-financial analysis through innovative platforms and products. Europe Use of Proceeds and Asset Only

Bernhard Bartels

Rubicola Consulting

Rubicola’s purpose is to create a sustainable world. We provide advisory and assurance services for the mobilisation of finance towards a low carbon economy. Our consultants have extensive capital market experience - including assisting the Federal Government of Nigeria with the issuance of the first Sovereign Green Bond (a first from any emerging market). From our offices in Nigeria and Australia, we act as trusted advisors on climate-related risks and green finance by leveraging our extensive market insights on Africa and Asia Pacific. Africa Use of Proceeds and Asset Only

Joseph Owolabi

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 Use of Proceeds and Asset Only

Tim Pittaway

Rating and Investment Information, Inc. (R&I)

Rating and Investment Information, Inc. (R&I) is the largest credit rating agency in Japan with the longest history dating back to 1975. As a member of the NIKKEI Group, the leading economic media in Japan, it has contributed to the financial market by providing various financial information including structured finance, project finance, investment funds evaluation and pension funds consulting. Since the assessment of the first green bond issue in Japan in 2016, R&I has engaged in various ESG evaluations covering green finance, sustainability finance and social finance. For science and technical expertise in climate change and environmental areas, R&I may obtain advice from Pacific Consultants Co., Ltd., a consulting firm whose members have extensive experiences in these fields for over 25 years. Japan Use of Proceeds and Asset Only

Yuji Orui <esg@r-i.co.jp> 

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. Malaysia Use of Proceeds and Asset Only

Gladys Chua

PwC Hong Kong

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. Hong Kong Use of Proceeds and Asset Only

PwC Germany

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. Germany Use of Proceeds and Asset Only

Adam Cunningham, PwC Australia

Gema Olivar Pascual, PwC Switzerland

John Tomac, PwC Australia

Atul Patel, PwC UK

Stacey Kwok, PwC China

Nicolette Behncke, PwC Germany

Christopher Hintze, PwC Germany

PwC Global

PwC China

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. China Use of Proceeds and Asset Only

qing.ni@cn.pwc.com

Point Advisory

Point Advisory is a leading sustainability services firm that partners with governments and business to tackle some of the most important sustainability challenges and develop innovative solutions. Its team of engineers, scientists, entrepreneurs, economists and consultants combine technical knowledge and expertise with strong international networks. Point Advisory provides strategic advisory and assurance services across various sustainability fields such as climate change, energy management and human rights. Asia Pacific Use of Proceeds and Asset Only

Ester Adler

Simon Dawes

Alan Dayeh

Pacific Credit Rating

We are a credit rating company with 27 years of experience, operating across 11 countries throughout Latin America and the Caribbean. Our subsidiary company, Pacific Corporate Sustainability (PCS) provides advice on sustainable finance, corporate sustainability, and corporate governance, and therefore, it is entitled to provide second-party opinions and verification on behalf of our group. With the support of PCS, we are active promoters of responsible investments in the region. Latin America Caribbean Use of Proceeds and Asset Only

contacto@pcslatam.com

Gianina Guerra gguerra@pcslatam.com

NINT - Natural Intelligence

Founded in 2011, NINT operates the largest sustainable finance consulting and evaluation practice in Latin America, with 110+ dedicated professionals and 300+ clients served. It is a pioneer in the green and thematic securities market, providing second party opinion to 200+ issuances in Brazil and Latin America (June 2022). NINT has also promoted educational and outreach activities for green finance in the region since 2014, when it held the first event on green bonds in Brazil and was a technical partner in the writing of the Green Bond Guide for Brazilian Issuers (Febraban, CEBDS, 2016), authored the first green bond taxonomy for Brazil (The Coolest Bonds, 2018) and coordinated the Brazilian monitoring committee of the ISO 14.030 standard on Green Bonds (2018 - 2020). From 2013 to 2021, it operated under the SITAWI brand. Worldwide Use of Proceeds and Asset Only

sales@nintgroup.com

Multiconsult Norge AS

Worldwide excl United States Use of Proceeds and Asset Only

Vincent Menot

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 value chain from production, transmission and distribution, to consumption and efficiency/building technologies. We can verify green bonds focused on investments in solar and wind power and Bioenergymass; off-grids, mini-grids and grid-connected solutions up to 600 kV; we also work with battery storage, -efficient buildings as well as electric transportation. Worldwide except United States Use of Proceeds and Asset Only

Multiconsult Sales Team

KPMG New Zealand

KPMG Australia, India, France, Luxembourg, New Zealand and Hungary 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. New Zealand Use of Proceeds and Asset Only

Manpreet Singh
(India)

Julien Ganter
(Luxembourg)

Dr Charles Ehrhart
(New Zealand)

Mark Spicer
(Australia)

Anne Garans
(France)

Ágnes Rakó
(Hungary)

KPMG India

KPMG Australia, India, France, Luxembourg, New Zealand and Hungary 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. India Use of Proceeds and Asset Only

Manpreet Singh
(India)

Julien Ganter
(Luxembourg)

Dr Charles Ehrhart
(New Zealand)

Mark Spicer
(Australia)

Anne Garans
(France)

Ágnes Rakó
(Hungary)

KPMG Hungary

KPMG Australia, India, France, Luxembourg, New Zealand and Hungary 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. Hungary Use of Proceeds and Asset Only

cbi@kpmg.hu

KPMG Australia

KPMG Australia, India, France, Luxembourg, New Zealand and Hungary 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. Australia Use of Proceeds and Asset Only

Kestrel

Kestrel is the market leader for external reviews in US public finance. Known for customer service, quality reviews and technical acumen, we work in all sectors worldwide. Worldwide Use of Proceeds, Asset, Entity and Sustainability-Linked Debt

Monica Reid

JGP Consultoria e Part. Ltda.

JGP Consultoria is a leading international ESG consultancy established in 1993 and headquartered in Brazil. The firm also has permanent offices in Peru and Portugal and market presence throughout Latin America and much of Africa. We have extensive experience with Lender and Investment Fund Transaction Advisory Services, applying IFC E&S Performance Standards to very diversified projects, with highlight to all types of transportation and energy infrastructure, water and sanitation, agriculture and agribusiness projects. Support with Climate Bond Certification is a part of that scope. JGP´s client base includes over 30 international financial institutions and a similar amount of investment funds focused on infrastructure and agribusiness. Latin America and Africa Use of Proceeds and Asset Only

Juan Piazza 

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 Use of Proceeds and Asset Only

Atsuko Kajiwara

ISS Corporate Solutions

ISS Corporate Solutions, a wholly owned subsidiary of Institutional Shareholder Services (ISS), provides market-leading expertise that empowers companies to meet the growing demands of incorporating governance and sustainability principles across the enterprise. ISS Corporate Solutions helps companies design and manage their ESG programs to align with company goals, reduce risk, and manage the needs of diverse stakeholders by delivering expert advisory, data, and software solutions. Second Party Opinion Services ISS Corporate Solutions works in collaboration with ISS ESG, the responsible investment arm of ISS, as the distributor of Second Party Opinions (SPO). While the SPOs are sold and distributed by ISS Corporate Solutions, the analytical work to prepare and issue SPOs is performed by ISS ESG. Worldwide Use of Proceeds, Asset, Entity and Sustainability-Linked Debt

SPO Sales

Instituto Totum de Desenvolvimento e Gestão Empresial Ltda

Founded in 2003, Instituto Totum is a Certification Body accredited by Inmetro's General Coordination for Accreditation in the scope of Products, Quality, Verification of Greenhouse Gas Inventories and Professional Certification. Largest Brazilian greenhouse gas inventories verifier. Inspection firm accredited by the ANP for RenovaBio audits. It works in the design and management of Certification and Sustainability Programs (ESG) focused on products, services and people, in the agribusiness, food, security, energy, financial segments, among others. Local Issuer of the I-REC Standard in Brazil and responsible for the Brazilian Renewable Energy Certification Program (REC Brazil). It has a senior team of more than 20 professionals with skills in the financial market and low carbon economy for Green Bonds Certification processes. Brazil Use of Proceeds and Asset Only

Fernando Giachini Lopes

Tatiane de Oliveira Futo

IMUG Rating GmbH

imug rating is the leading German provider for strategy and implementation of ESG investments as well as for sustainability assessments. As a partner for the financial market, corporates and the public sector, we have stood for sustainable ESG strategies, data and reporting as well as for credible Second Party Opinions, Sustainability Ratings and expert opinions for over 25 years. imug rating is a recognised auditor of Green Bonds and Loans according to ICMA and LMA as well as Climate Bonds Approved Verifier. Our quality management is certified according to ISO 9001, which is unique in our industry. We are data partner of Moody’s ESG Solutions*, signatory of the Principles for Responsible Investments (PRI), member of the Forum Nachhaltige Geldanlagen (FNG), the Corporate Responsibility Interface Center (CRIC) and Kapitalmarkt KMU. imug rating is a wholly owned subsidiary of the European EthiFinance SAS. *Moody’s® is a registered trademark. Europe Use of Proceeds and Asset Only

Christina Tyca

Gokhan Vatansever

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 including Hong Kong & Macau) Use of Proceeds and Asset Only

Mr. Zhang Han
+86 13501358579

IENE

IENE is registered in Greece and currently operates across southeast Europe, ie the Balkans, Greece, Hungary, Romania, Bulgaria, Israel and Turkey. It is a research non profit organisation, which primarily focuses on research, information sharing and education activities on the energy industry in the region. Revenue for 2019 was EUR 450,000 (USD 550,000) and the company has 8 full time staff with several consultants. The organisation was founded in 2003. Southeast Europe Use of Proceeds and Asset Only

cstambolia@iene.gr

IBIS ESG Consulting

IBIS is a premier emerging market sustainability consultancy that helps companies unlock value by improving their environmental and social performance. We combine technical engineering skills with business knowledge to offer tailored solutions that will drive change in a carbon-constrained economy. We support Corporates, Financial Institutions and Funds on all aspects of carbon management, including CBI verification services. Africa Use of Proceeds and Asset Only

Africa: Petrus Gildenhuys +27 82 788 4169

Asia: Oliver Warner +65 9665 3136

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. Mexico Use of Proceeds and Asset Only

Verónica Cordero Domínguez, Business Development Director
+52 55 1082 1623 / +52 55 1500 0765

Hong Kong Quality Assurance Agency (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 Use of Proceeds and Asset Only

P C Chan Chief Operating Officer

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 Use of Proceeds and Asset Only

Stella Chang
Head of International Business

Yixiang Fang
Head of Green Bond Dept

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. North America Use of Proceeds and Asset Only

Phil Ludvigsen

FiinRatings Joint Stock Company

FiinRatings Joint Stock Company focuses on credit rating for issuers and its instruments such as bonds, corporate ratings, and related services for investors and creditors. Prior to expanding in credit rating services, FiinRatings Joint Stock Company is well-known in Vietnam as an independent information provider in the country with financial information terminals, business information portals and market research to support foreign and local institutional investors and foreign trading partners to Vietnamese enterprises. Joining as one of CBI's Approved Verifiers, FiinRatings Joint Stock Company aims to promote the development of green finance in Vietnam and help to assure the quality of debt instruments issued by Vietnamese institutions. Vietnam Use of Proceeds and Asset Only

Mr. Tu Nguyen, Managing Director

EY New Zealand

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. New Zealand Use of Proceeds and Asset Only

Judy Li (China)
EY China

Pip Best (Asia Pacific)

Mark Fisher(Europe)

John DeRose (Americas)

Artem Larin (Central, Eastern and South Europe)

Felipe Janica (Latin America)

Leonardo Dutra (Brazil)

Velislava Ivanova (North America)

EY Global

EY China

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. China Use of Proceeds and Asset Only

EY Brazil

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. Brazil Use of Proceeds and Asset Only

EY Australia

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. Australia Use of Proceeds and Asset Only

ERM Certification and Verification Services (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 Use of Proceeds and Asset Only

Michael Anderson

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 Use of Proceeds and Asset Only

Gustavo Horn

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 Use of Proceeds and Asset Only

Dr. Vishnu

Envirosense

Since EnviroSense was established in 2010 we have been providing companies across the world with services in sustainability auditing, supply chain traceability certification, and due diligence on a wide range of assets ranging from forestry and bioenergy to low carbon transport and development fuels. Our multidisciplinary team of auditors consists of foresters, ecologists, environmental scientists and engineers, providing a wide range of green bond verification services that are consistently delivered to the highest quality. Envirosense has developed into a well-respected and reliable service provider for any company looking to assess the sustainability credentials and GHG emissions of their assets against internationally known standards, regulations and articles of legislation. Our specialists will provide a reactive service with complete clarity throughout should you choose to engage us. UK, EU, Singapore Use of Proceeds and Asset Only

Jack@envirosenseltd.co.uk

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 except USA and Canada Use of Proceeds and Asset Only

Atul Sanghal

DNV

DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through assessment and digital assurance solutions, DNV helps companies build trust and transparency around products, assets, supply chains and ecosystems. Whether certifying products, verifying claims or optimizing and decarbonizing supply chains, DNV helps companies manage risks and realize their long-term strategic goals, improving ESG performance and generating lasting, sustainable results. Combining sustainability, supply chain and digital expertise, DNV works to create new assurance models enabling interaction and transaction transparency across value chains. Drawing on its wide technical and industry expertise, DNV works with companies worldwide to bridge trust gaps among consumers, producers and suppliers. Driven by its purpose, to safeguard life, property, and the environment, DNV helps tackle the challenges and global transformations facing its customers and the world today and is a trusted voice for many of the world’s most successful and forward-thinking companies. Worldwide Use of Proceeds, Asset, Entity and Sustainability-Linked Debt

Antonio Astone

Thomas Leonard

Deloitte China

Deloitte China is a member firm 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. China Use of Proceeds and Asset Only

Gu, Jolin Ling

(China)

 

Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. Across Greater China, 23 offices are servicing the local market. The company won four of the top awards in the Euromoney Survey 2017, 2018 and 2020 in the categories of Overall, Agency Letting/Sales, Valuation and Research in China. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. Greater China Use of Proceeds and Asset Only

yan.wong@cushwake.com

CSCI Pengyuan Green Finance

CSCI Pengyuan Green Finance, a subsidiary of CSCI Pengyuan Credit Rating Limited, specializes in green bond certification. Since the establishment in 2004, CSCI Pengyuan Green Finance has been committed to being an advocate and pioneer in the field of sustainable finance, and over the years, the company has emerged as one of the major players in the Chinese green bond market. China Use of Proceeds and Asset Only

zhangjl@sztpfs.com

Concordiste Strategic Consulting

Concordiste Strategic Consulting, headquartered in Vienna, Austria, is a pioneering firm specializing in sustainable finance consulting, strategy, and organizational development. With a client base spanning emerging markets across Europe and Central Asia. Concordiste is known for delivering tailored, high-quality solutions in a fiercely competitive industry. Their focus on green, social, and sustainability-linked bonds has established them as key partner to international financial institutions and corporate clients. Concordiste continues to lead the charge in sustainable finance, shaping a brighter, more environmentally responsible future for all. Europe, Caucasus, Central Asia and Middle East Use of Proceeds and Asset Only

Honorata Fijalka hf@concordiste.com Maria Abhari ma@concordiste.com

CMA Assurance Services

CMA Assurance Services offers sustainable finance assurance services. Our assurance frameworks and assessment methodologies are in line with international, the Greater Bay Area (GBA) and Hong Kong standards, and can cope with regional and local developments. Our expertise covers a variety of sectors, including buildings, low carbon transport, waste management, solar energy, wind energy, shipping and air cargo, agriculture, bioenergy, forestry, land conservation and restoration, marine renewable energy, water infrastructure, advanced material, steel, etc. CMA Assurance Services, as an important business arm of CMA Testing, aims at promoting green finance and sustainability, as well as supporting various sectors. For many years, environmental consultancy and assessment is one of the major business scope of CMA Testing. We had extensive experience launching large scale green projects. As an environmental expert, we set the industrial benchmark for testing and assessment, as well as quality evaluation. CMA Testing is a related company of the Chinese Manufacturers' Association of Hong Kong (CMA). With some 3,000 member companies, CMA is committed to promoting Hong Kong’s industrial and commercial development. CMA Testing shares the same vision with the Chinese Manufacturers' Association of Hong Kong. And we hope to leverage our expertise to educate and assist our members and the industries regarding green projects and green finance. Worldwide Use of Proceeds and Asset Only

dominiclam@cmatesting.org

sales@cmaa.com.hk

Climate Finance Asia Ltd.

Climate Finance Asia (CF Asia) is a leading provider of consultancy services in sustainable finance. CF Asia is a mission-driven business focused on tackling the climate challenge through the tools of sustainable finance. Operating from Hong Kong and Singapore, CF Asia has been serving a variety of clients from different sectors and trades. Asia Use of Proceeds and Asset Only

info@climatefinanceasia.com

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 Use of Proceeds and Asset Only

LIU Jingyun

China Chengxin Green Finance Technology (Beijing) Ltd.

China Chengxin Green Finance Technology (Beijing) Ltd. ("CCXGF") is a subsidiary of CCXI- the largest credit rating agency in China. As the first service provider that issued green bond certification methods in China, CCXGF has always been committed to providing professional and independent third-party green bond assessment and certification services, and maintained a leading market position since establishment. China Use of Proceeds and Asset Only

Alex Cui

CECEP Hundred Technical Service (Beijing) Co.,Ltd

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 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 conservation and environmental protection industry, known as the "think tank." China Use of Proceeds and Asset Only

Chengcheng Xiong

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. Worldwide Use of Proceeds and Asset Only

francisco-martins.rollo@bureauveritas.com

 

BSI Pacific Ltd

BSI Pacific Ltd (BSI) is founded in 1901, the business standards company that provides a wide range of services include auditing, certification, consulting, training, testing services and developing new standards in varied industry sectors. BSI is among the most respected and reputable management systems certification bodies in the world and are accredited by around 20 local and international bodies. Our team brings expertise on improving sustainability and supporting on carbon footprint measure, reduction, and declare net zero to facilitate different needs across the range of the sectors included by offering certification assessment, and verification service on environmental performance evaluation, energy management and carbon neutrality. Worldwide Use of Proceeds and Asset Only

Stephen Yu

BLX Group LLC

BLX is a Limited Liability Company incorporated in the U.S. in the State of Delaware in 1989. BLX is registered with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB) as a municipal advisor. Its primary business is advising clients in the municipal and non-profit sectors, including state and local governments and a variety of debt issuers and conduit borrowers. BLX is a wholly-owned subsidiary of the US law firm Orrick and works closely with Orrick’s Public Finance and Capital Market groups. BLX’s $9.72 million revenue in 2020 was derived from its 10 primary practice areas: Arbitrage Rebate, Post-Issuance Compliance, Continuing Disclosure, Debt Advisory, Swap Advisory, Swap Monitoring: Valuation and GASB 53/72, Structured Investment Product Bidding, Escrow Bidding, and Program Administration. BLX is comprised of 44 employees in five offices in Dallas, Los Angeles, Phoenix, New York, and Tampa. United States Use of Proceeds and Asset Only

Nancy Kummer

,

Alan Bond

BlockC

BlockC is part of group of companies with more than two decades of experience in the development of renewable projects and carbon finance. BlockC's proprietary platform combines our expertise in climate change with disruptive technologies in order to verify adherence of financial instruments to CBI standards. Brazil Use of Proceeds and Asset Only

Melissa Hirschheimer

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 Use of Proceeds and Asset Only

Ms Ying CUI

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 Use of Proceeds and Asset Only

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

Baker Tilly US

Baker Tilly US, LLP (Baker Tilly) is a leading advisory CPA firm, providing clients with a genuine coast-to-coast and global advantage throughout the United States. Baker Tilly is focused on creating the advisory accounting firm of the future and continues to expand services to better serve clients’ ever-changing needs. In addition to providing audit, tax and assurance services, Baker Tilly provides extensive experience in project finance and debt issuance, and various consulting services. Our public sector consulting, municipal advisory, energy and utility services position the firm well to assist organizations with assurance and verification work. United States Use of Proceeds and Asset Only

Vicki Hellenbrand, Managing Partner

Susan Reed, Managing Director

Scott Miller, Partner

ARUP

Dedicated to sustainable development, Arup is a collective of engineers, advisors, designers and consultants working across 140 countries. Founded to be humane and excellent, we collaborate with our clients and partners using imagination, technology and rigour to shape a better world. Our Sustainable Investment Advisory team works hand in hand with our technical experts across industries and asset classes. We are ESG specialists, economists, business strategists, environmentalists, change managers, investment specialists and digital experts. All united by a desire to create a more sustainable future for all. Advisory services - Arup United States and Asia Pacific Use of Proceeds and Asset Only

Tim Treharne

Cameron Fairlie

Talia Kramer

AIFC Green Finance Centre Ltd

AIFC Green Finance Centre Ltd. (or GFC), established in 2018 as a development institute for sustainable finance in Kazakhstan and Central Asia, has played a crucial role in introducing and developing green finance instruments (such as green bonds) in Kazakhstan through regulatory initiatives, research, capacity building, as well as AIFC-licensed external review, legal and other consulting services in green finance and environmental law. GFC’s assistance in establishing Kazakhstan’s green financial system included the development of the a Concept of the Green Financial System for Kazakhstan, Green Taxonomy of the Republic of Kazakhstan, AIX Green Bonds Rules, assistance to the first green bond issue in August 2020 at AIFC Exchange, as well as proposals to national Entrepreneurial Code on green finance support incentives and development of the AIX Voluntary ESG reporting guideline. GFC is the largest external review provider for green bonds and loans in Kazakhstan. Kazakhstan, Kyrgyzstan, Uzbekistan, Russia, Belarus and other countries of the wider Central Asia, Eastern Europe and Caucasus region Use of Proceeds and Asset Only

Aigul Kussaliyeva

Milana Takhanova

Agusto & Co. Limited

Agusto & Co. is the leading Pan African Credit Rating Agency and business information provider, with operating offices in Nigeria (Lagos), Kenya (Nairobi) and Rwanda (Kigali). Agusto & Co. was the first company to be granted a Credit Rating Agency license in Nigeria by the Securities and Exchange Commission and is also licensed by the Capital Markets Authority in Kenya and Rwanda as a Credit Rating Agency. Over the last 30 years, the Company has built a strong reputation for producing credit rating opinions on some of Africa’s leading financial institutions, corporate organisations and instruments, and also has a large research database on over 60 sectors across sub-Saharan Africa. The scope of credit ratings includes financial institutions, insurance, non-bank financial institutions, corporates, funds, asset managers, sub-nationals, multilateral agencies, commercial papers, green bonds, corporate debt issues and structured products. Agusto & Co. has assigned credit ratings to Issuers (corporates and sub-national governments) and collectively they have raised over US$6 billion from the Debt Capital Markets in sub-Saharan Africa. Africa Use of Proceeds and Asset Only

Adetutu Denton

Oritsejimi Ogbobine

Ikechukwu Iheagwam