Deloitte France and Deloitte Luxembourg have been confirmed as approved verifiers under the Climate Bonds Standard and Certification Scheme meaning that both organisations will now be able to assess climate bond issuers for compliance with the Climate Bonds Standard, a screening tool that allows investors and government to identify and prioritise climate and green bonds that are being used to deliver climate change solutions.
Climate Bonds Standard 2.0 is an overarching science based multi-sector standard that allows investors and intermediaries to easily assess the climate credentials and environmental integrity of bonds claiming to be green and funding the low carbon future.
Sean Kidney, CEO of the Climate Bonds Initiative welcomed the experience both organisations would bring to the process. “Both these organisations add welcome depth and breadth to our growing pool of approved verifiers. They can support emerging green bond issuers across both the Eurozone and emerging markets, build confidence in the integrity the market and make a significant contribution to the rapid scaling of green finance,” he said.
In Luxembourg, Tom Pfeiffer, partner and sustainability co-leader of Deloitte Luxembourg, said that the approval builds on the company’s record of contributions to sustainability.
“Being an approved verifier of the Climate Bonds Initiative alongside Deloitte France will supplement our existing expertise related to climate bonds and more generally sustainability. This engagement towards a greener economy follows the trend initiated by a number of stock exchanges in the world including the Luxembourg Stock Exchange, and shows Deloitte’s commitment to be an active responsible market player.”
The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy through advocacy and outreach to inform and stimulate the market, providing policy models and government advice, market data and analysis and administration of the Standards & Certification Scheme and the Green Infrastructure Investment Coalition (GIIC).
For more information on Climate Bonds, see their website: www.climatebonds.net.
Image: Tom Pfeiffer. Photo supplied
