Fareast Credit Rating becomes an Approved Verifier for China under the Climate Bonds Standard

Strengthening the regional capacity for rigorous, science-aligned sustainable finance

Beijing, 19 December 2025, 9AM— Climate Bonds Initiative is pleased to announce that Fareast Credit Rating Co., Ltd. (Fareast Credit) has been approved by the Climate Bonds Standard Board as an Approved Verifier under the Climate Bonds Standard and Certification Scheme. The approval authorises Fareast Credit to conduct Use of Proceeds (UoP) and Asset Certification verification engagements in China. 

A major step for China’s international alignment in sustainable finance 

Fareast Credit is among the first institutions registered by China’s Green Bond Standard Committee to independently provide external assessments in the domestic green bond market. The organisation has consistently advanced the professionalisation of green bond evaluation in China, rooted in sustainability principles and aligned with evolving national and international standards. 

By becoming an Approved Verifier under the Climate Bonds Standard, Fareast Credit strengthens the bridge between China’s fast-growing green finance market and global investor expectations. This new status enables the company to: 

• Deliver verification services aligned with science-based decarbonisation pathways
• Support issuers in obtaining Climate Bonds Certification for green and climate-aligned instruments
• Enhance the international recognition and credibility of Chinese green bonds
• Contribute to the continued internationalisation of China’s sustainable debt market 

Wenhong Xie, Head of the China Programme at Climate Bonds Initiative, commented: 
"China has been one of the world's leading markets for green and climate bonds. The approval of Fareast Credit as an Approved Verifier further strengthens the integrity of sustainable finance in the region, ensuring issuers have access to rigorous, internationally recognized verification services. This development is another key step in aligning China’s green finance system with global best practices. We look forward to collaborating closely with Fareast to help build a more credible and resilient market that can effectively channel capital into climate action." 

Xiangdong Lv, CEO, Fareast Credit Rating Co., Ltd. said: 
“As one of the first registered external reviewers of green bonds in China, Fareast Credit has always adhered to the idea of sustainable development and actively participates in the development of China's green bond market. Taking this opportunity of becoming a Climate Bonds verifier, Fareast Credit will continue to work prudently as a certification body, offer climate bond certification services based on climate bond standards, enhance the recognition and influence of Chinese green bonds in the international market, and continuously promote the internationalization of China's green bond market.” 

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For interviews and more information, please contact: 

Leticia Braga 
Communications Specialist, Climate Bonds Initiative 
leticia.braga@climatebonds.net 

Notes for Journalists: 

About Climate Bonds Initiative: Climate Bonds is the leading international non-governmental organisation mobilising global capital for climate action. We drive the growth of the green and sustainable debt market through science-aligned frameworks including our taxonomies and standards, our Certification, our data and insights, and our provision of expert policy and technical advice. More information on our website here. 

About Climate Bonds Standard:  The Climate Bonds Standard is a multi-sector, science-based framework that allows investors and intermediaries to assess the climate credentials and environmental integrity of bonds and other sustainable finance products. Version 4.3 covers Use of Proceeds, Asset, Entity, and Sustainability-Linked Debt Certification products. 

About Fareast Credit Rating Co., Ltd.: Founded in 1988, Fareast Credit is the first socialized professional credit rating agency in China. It has achieved full license operation in the domestic market and has all rating qualifications recognized by regulatory authorities and industry self-regulatory agencies such as the People's Bank of China, the National Development and Reform Commission, National Financial Regulatory Administration, the National Association of Financial Market Institutional Investors (NAFMII), and the Insurance Asset Management Association of China. In green finance, Fareast Credit mainly engages in green bond external review, ESG rating, and ESG assurance services. It is one of the first institutions with independent license in green bond external review registered with the China Green Bond Standards Committee under NAFMII. In addition, it has obtained the AA1000 sustainability assurance qualification.