Green, Social and Sustainability Bonds
Second-Party Opinion for your Green Bond and Sustainable Initiatives
Why Second-Party Opinions are an advantage
A second-party opinion of your green bond framework ensures that your bond is in line with market expectations and industry best practices. A second-party opinion gives investors confidence in your green bond issuance.
Meet the Market Expectations
Verify that your projects align with the Green and Social Bond Principles.
Gain Investors’ Confidence
A second-party opinion from Sustainalytics, a trusted ESG leader, assures investors that your proceeds will finance green or social projects.
Verify the Use of Proceeds
Demonstrate to your investors the impact and credibility of your green bond.
Get Climate Bond Certification
Looking to issue a Climate Bonds Certified Bond? A second opinion of your bond framework from Sustainalytics can help.
Have your Green Bond framework reviewed by a trusted partner
With the goal of helping you go to market with a credible and transparent Green Bond, Sustainalytics will support the development of a framework that is in alignment with industry practice.
Professional and Impactful opinions
Our second-party opinion document will clearly highlight the key aspects of your Green Bond and your sustainability goals.
Experienced and efficient team
We have a large, dedicated and experienced team spanning geographies and time zones.
Respected and recognized firm
A trusted leader in the global green bonds market with a portfolio of more than 300 second-party opinions covering a diverse set of industries.
Your Second-Party Opinion partner
Largest External Reviewer
Most Impressive Second Opinion Provider
2019
Japan Green Bond Awards
Minister of the Environment Award (Japan Green Contributor category)
Sustainalytics is a leading global provider of ESG research and ratings. For more than 25 years, the firm has been helping asset managers, pension funds and other institutional market participants integrate ESG factors into their investment processes. Sustainalytics’ core business is producing research on ESG-related risk assessments across 12,000 companies worldwide. Investors use Sustainalytics’ research and ratings for investment research, portfolio management, portfolio analytics, issuer engagement and more. Sustainalytics also offers a suite of services to helps banks, corporate issuers and various institutions involved in sustainable finance.
500+
SPOs Delivered
Experienced Team
We are a well-respected firm in the Responsible Investment space. Our team of more than 20 members is responsive and experienced. We are placed globally so we can manage geographies, multiple time-zones and holiday schedules.
Consistent Framework
We are thorough with our analysis. We are approved by Climate Bonds Initiative (CBI) to verify your bond framework. Our verification process ensures that your bond framework is aligned to International Capital Market Association (ICMA) guidelines.
Ease of process
Our process is simple and very efficient. Our technology infrastructure and our mature processes allows an ease of execution, resulting in faster communication and ease of doing business with us.
Our Second-Party Opinion process
Our framework evaluation process is simple yet thorough. We work closely with you to understand your sustainability objectives, your projects and your processes and ensure they align with the Green Bond Principles and meet investor expectations.
Step
1
Kick-off Meeting
Comprehend an issuers’ Bond objectives and alignment of bond objectives with Sustainability goals.
Understand the scope of the bond, as it pertains to the suitability of bond issuance with eligible projects.
Discuss the management of the process and mechanisms of reporting on the use of proceeds.
Identify relevant and required documentation for further assessment.
Step
2
Project Evaluation
Evaluate the use of proceeds against the eligibility criteria and the eligible projects.
Evaluate your process of how the proceeds will be managed.
Assess measurable Key Performance Indicators against the use of funds. Identify your reporting process and its frequency.
Map and align your bond with your sustainability strategy.
Draft a document of a Second-Party Opinion.
Step
3
Feedback and Initial Draft
Gather your feedback on the first version of the Second-Party Opinion.
Review the draft Second-Party Opinion with the Sustainability Bonds review committee at Sustainalytics.
Review the client's feedback and the feedback from a review committee.
Set up a communication to discuss the feedback and to further improve the Second-Party Opinion.
Step
4
Final Documentation
Finalize evaluation of your bond to ensure stakeholder alignment and the bond integration with the ICMA guidelines.
Update and modify the document of verification, or a Second-Party Opinion to be certain of the final document needed to verify your bond.
Get the needed Sign-offs from our client and all identified stakeholders. Submit the Second-Party Opinion to the client for them to proceed with the process of bond issuance.
Step
5
Marketing
Provide support to market your bond issuance at your roadshows, and investor meetings.
We coordinate press releases.
Utilize our online assets to market your bond issuance.