Professional services firm EY has been confirmed as a Climate Bond Standards verifier.
EY will assess eligible assets and projects under the Climate Bonds Standard to determine compliance with published criteria, giving investors confidence their funds are being used to provide climate change solutions.
EY Climate Change and Sustainability Service, Asia Pacific leader Mathew Nelson said the verification program was critical in maintaining the integrity of climate bonds — “an asset class we view will become increasingly valuable as the world takes meaningful action on climate change”.
“EY has a team of dedicated climate change specialists and this accreditation further strengthens our ability to service our clients as the market for climate bonds grows,” Mr Nelson said.
Climate Bonds Initiative chief executive Seam Kidney said EY’s presence would nearly double the pool of consultants that could help issuers with verification.
“This will contribute mightily to growing this vital market,” Mr Kidney said.
Certification under the Climate Bonds Standard is now available for solar and wind energy, related grid and manufacturing, and built environment energy efficiency assets.
EY joins DNV-GL, Bureau Veritas, Oekem and others as approved verifiers.