Green, Social and Sustainable (GSS) bonds are at the heart of the EU sustainable finance strategy and represent an exceptional investment opportunity in the ecological transition to bring significant and lasting results for companies, people and the planet. SustainAdvisory supports companies and investors with its Second Party Opinion and External Verification services to bring transparency to the GSS market.
SustainAdvisory is an External Reviewer of debt securities committed to financing ‘green’, ‘social’ or ‘sustainable’ projects within the International Capital Market Association (ICMA) principles framework and provides:
Green Bonds
Green Bonds are any type of bond instrument where the proceeds will be exclusively applied to finance or re-finance projects with clear environmental benefits and which are aligned with the Core Components of the GBP
Social Bonds
Social Bonds finance projects that directly aim to address or mitigate a specific social issue and/or seek to achieve positive social outcomes, especially but not exclusively for a target population(s) and are aligned with the Core Components of the SBP
Sustainability-Linked Bonds
Sustainability-Linked Bonds are any type of bond instrument for which the financial and/or structural characteristics can vary depending on whether the issuer achieves predefined (ESG) objectives within an agreed timeline, and which are aligned with the Core Components on the SLBP
ICMA’s Green Bond Principles (GBP), the Social Bond Principles (SBP), the Sustainability Bond Guidelines (SBG) and the Sustainability-Linked Bond Principles (SLBP) referred to as the “Principles” have become the leading framework globally for the issuance of sustainable bonds.
SustainAdvisory is an institution accredited under the Climate Bond Certification Scheme and can provide the following services:
Pre-Issuance
External Verification
The Pre-Issuance Verification service provides an independent third party perspective on conformance of projects and assets with the Climate Bonds Standard’s sector eligibility criteria, existence of internal processes and controls to manage bond proceeds
Post-Issuance
External Verification
The Post- Issuance Verification service provides an independent third party opinion on the conformance with the Climate Bonds Standard’s Post-Issuance Requirements, but does not provide Climate Bond Certification itself
Ongoing
External Verification
Ongoing verification provides an independent third-party opinion conformance of the issuer and the relevant bond, loan or other debt instrument with the Post-Issuance Requirements of the Climate Bonds Standard to maintain the certification
The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change. The Climate Bonds Initiative is an international investor-focused not-for-profit organisation. It was founded in 2010 to promote large-scale investments that will deliver a low-carbon and climate-resilient global economy. Climate Bonds seeks to mobilise investors, industry and government to catalyse green investments at the speed and scale required to avoid dangerous climate change and meet the goals of the Paris Climate Agreement.
go to ESG FINANCIAL ADVISORY
go to ESG DISCLOSURE and REPORTING
go to CLIMATE RISK ANALYTICS
