Independent Review

Bonds are labelled green by the issuer and should be qualified as green by an independent party

Independent review (also known as Second Review or Second Opinion)

Issuers self-label bonds as green. At a minimum, issuers qualify the label by providing detail to investors on the green eligibility criteria for use of proceeds. Issuers can also provide a independent review on the green credentials of the use of proceeds. For more details about the types of review see the below table. 

 

See what independent reviews are publicly available here.