Green Bond Services

Second Party Opinions

We verify bonds for conformance with the Green Bond Principles and the United Nations Sustainable Development Goals. This involves examining public and non-public information, and interviewing members of your management and finance teams. Our goal is to understand the green project and how you plan to manage and report on the use of bond proceeds. We prepare a Second Party Opinion that can be included with the Official Statement.

Climate Bond Verifications

Kestrel is an Approved Verifier for Certified Climate Bonds. We assess how your green bond meets standards and criteria set by the Climate Bonds Initiative. The Climate Bonds Standard is used globally by bond issuers, governments, investors and the financial markets to prioritize investments which genuinely contribute to addressing climate change. We prepare a Verifier’s Report, a Climate Bonds information form and liaison with the Climate Bonds Initiative to get your bonds certified.

Green Bonds Reporting

We prepare post-issuance reports on the use of bond proceeds. We provide reporting on the environmental benefits of your financed activities, also known as impact reporting.

Our work is based on the foundation of the International Capital Market Association’s Green Bond Principles and Climate Bond Initiative’s Climate Bonds Standard

Let’s discuss your green bond. We offer a free consultation.