Certification

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

 

 

Hero Future Energies

 

 

 

 

 

Hero Future Energies, a solar and wind energy developer in India, was the first Indian company to issue a Climate Bonds Certified Bond. 

To date, they have issued several Climate Bonds Certified Bonds in order to finance their growing wind and solar assets.

 

 

DATE OF ISSUE

TYPE OF INSTRUMENT  SIZE  COUNTRY OF ISSUE CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
January 2016 Use of proceeds bond INR 1.9bn/USD 28m India  Wind  

pre-issuance report by KPMG India

 post-issuance report by KPMG India 

Confidential

Announcement on Climate Bonds Blog

Hero Energy press statement

 

December 2016

 

Use of proceeds bond INR 1.25bn/USD 19m India Wind   post-Issuance report by KPMG India  Confidential  

 

December 2016

 

Use of proceeds bond INR 1.75bn/USD 27m India  Solar post-issuance report by KPMG India Confidential  

 

 

 

Note: As with all Climate Bond certifications, the green bond has been verified by a third party as complying with the overarching Climate Bond standard (an assessment process for the management and allocation of proceeds) as well as asset specific eligibility criteria (covering the technical aspects of the green assets).