This is Climate Bonds’ first study of post-issuance disclosure practices of green bonds in China, produced in partnership with SynTao Green Finance. Available in both English and Chinese, it builds on the series of global studies on this topic that Climate Bonds has conducted over the last few years.
By shedding more light on reporting practices, the aim is to understand the availability and attributes of disclosure on the use of proceeds (UoP) and environmental impacts/benefits of the projects, assets and activities financed by green bonds. This can identify avenues for improvement and spur more informed discussions among various market participants. The research covers 627 bonds from 382 issuers, worth USD163.2bn.
Availability and quality of reporting are good, but can improve
Most, but not all, issuers meet regulatory requirements
Impact disclosure is generally good
Stringent but complex regulatory framework
Greater regulatory consolidation and consistency can unlock more potential