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.