Global best practice Standard and Certification Scheme furthers verification services across Asia-Pac region: BSI Pacific becomes an Approved Verifier under the Climate Bonds Standard


Joint Press Release


Global best practice Standard and Certification Scheme furthers verification services across Asia-Pac region

BSI Pacific becomes an Approved Verifier under the Climate Bonds Standard 


HONG KONG/LONDON: 01/06/2022, 10:00 (GMT+8): BSI Pacific Limited (BSI Pacific), of the UK National Standards Body BSI, has been awarded Approved Verifier status by the independent Climate Bonds Standard Board, under the Climate Bonds Standard and Certification Scheme. This partnership furthers international and regulations-driven best practices green finance in the region.

The Climate Bonds Standard is a key certification standard for the international green bond market and is now one of the most common tools used by international investors and stakeholders to identify the attributes of green bonds, helping investors and intermediaries to assess the veracity of climate bonds.

The award made on April 19, 2022 gives BSI Pacific the authority to assess whether a bond Issuer's upcoming bond meets the requirements of the Standard and sector based technical criteria.

The Climate Bonds Initiative anticipates that investor demand for green bonds and climate bonds will increase in line with the delivery of quality products into the market. However, it warns that investor concerns about the credibility of green labelling are also growing. Its standards, assurance and certification are essential for improving confidence and transparency and boosting growth in the market as the market sets to expand to $5tn in annual issuance by 2025.

BSI Pacific is approved by Climate Bonds Standard Board to carry out verification services in all sectors, including:

  • Solar Energy
  • Wind Energy
  • Low Carbon Buildings
  • Low Carbon Transport
  • Waste Management 
  • Shipping

Being an Approved Verifier under the Climate Bonds Standard, BSI Pacific will effectively undertake the duties of the verification body, performing pre-issuance verification, post-issuance continuous information disclosure, and verification of climate bonds according to the Standard. In its role, BSI Pacific will support green financial solutions that address climate change for governments, enterprises and financial institutions, enhancing the recognition and influence of green bonds across the international marketplace, and promote the internationalization of the green bond market.



For further information, please contact:


Ms. Daphne Lo

Assistant Marketing Manager

+852 3149 3324


Leena Fatin,
Senior Communications & Digital Manager, 

Climate Bonds Initiative (London).
+44 (0) 7593 320 198



Notes to Journalists:

About BSI: BSI (British Standards Institution) equips businesses with the necessary solutions to turn standards of best practice into habits of excellence. As the world’s first National Standards Body and a founding member of the International Organization for Standardization (ISO), BSI is responsible for originating many of the world’s most commonly used management systems standards.

About the Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. More information on our website here. The Climate Bonds Initiative carries out market analysis, policy research, market development; advises governments and regulators; and administers a global Climate Bonds Standard & Certification Scheme. For more information, please visit  

About Climate Bonds Standard: It is an overarching science-based, multi-sector standard overseen by the independent Climate Bonds Standards Board that allows investors and intermediaries to easily assess the climate credentials and environmental integrity of bonds and other green debt products. 

Launched in 2011, with periodic updates, the Climate Bonds Standard is the most detailed, climate aligned investment criteria available in the market and provides guidance to issuers, investors, governments and regulators. 

Standard V3.0 and supporting documentation is available here.

About Climate Bonds Certification: Climate Bonds Certification framework has been designed to work in parallel with the normal process for issuing bonds, loans or other debt products. It has 2 phases, Pre-Issuance and Post-Issuance. Certification of a Climate Bond at the pre-issuance phase enables the issuer and underwriters to market the bond or debt product as Certified.

Further assurance activities at the post-issuance stage and annual reporting are required to maintain certification.

The full Climate Bonds Database of Certified issuance can be found here

The full Climate Bonds Directory of Approved Verifiers can be found here.

About Verification: Verification is an analysis-based process carried out by the independent Climate Bonds Standards Board approved independent organisation to assure the issuance of a climate bond, the nature of the associated low carbon projects or activities, and the associated financial accounting systems are in conformance with the Climate Bonds Standard and can gain Certification. Full list of Approved Verifiers can be found here.




Disclaimer: The information contained in this communication does not constitute investment advice in any form and the Climate Bonds Initiative is not an investment adviser. Any reference to a financial organisation or debt instrument or investment product is for information purposes only. Links to external websites are for information purposes only. The Climate Bonds Initiative accepts no responsibility for content on external websites.

The Climate Bonds Initiative is not endorsing, recommending or advising on the financial merits or otherwise of any debt instrument or investment product and no information within this communication should be taken as such, nor should any information in this communication be relied upon in making any investment decision.

Certification under the Climate Bond Standard only reflects the climate attributes of the use of proceeds of a designated debt instrument. It does not reflect the credit worthiness of the designated debt instrument, nor its compliance with national or international laws.
A decision to invest in anything is solely yours. The Climate Bonds Initiative accepts no liability of any kind, for any investment an individual or organisation makes, nor for any investment made by third parties on behalf of an individual or organisation, based in whole or in part on any information contained within this, or any other Climate Bonds Initiative public communication.