PwC UK confirmed as Approved Verifier to Climate Bond Standards

Published at 11:00 AM on 10 October 2016

The Climate Bond Standards Board has confirmed PwC UK as an Approved Verifier under the Climate Bond Standards and Certification Scheme.

A member of the Climate Bond Standards Assurance Committee since December 2014, PwC has been supporting the development of v 2.0 of the Climate Bonds Standard and associated governance arrangements.

The UK firm recently chose to pursue Approved Verifier status as part of its plans to play a major role in growing this emerging market.

Climate Bonds Initiative (CBI) CEO Sean Kidney said:

"PwC bring an enormous breadth of expertise and market reach to the Climate Bonds Standards Scheme. As an Approved Verifier they can support green bond issuers in every corner of the planet; that will make a significant and sustained contribution to the rapid scaling of the green bonds market.

"They have already played an invaluable role in contributing to the upgrade of the Climate Bonds Standard; we are excited to see them join the market as active participants in delivering green bonds advice and Climate Bonds verification services to green bond issuers. We expect a surge of issuance and an acceleration in green bond finance.”

PwC UK’s approval as a Verifier follows the launch of the v2.0 Climate Bond Standard in December 2015 as Damian Regan, PwC's green bond assurance leader, explains:

“We are delighted to become an approved Climate Bonds Verifier. We believe that the revised Climate Bond Standard, together with its verification element, is an important and necessary step that will help to create confidence in the market and encourage the scale of investment required to tackle climate change issues.”

“We have seen a sharp increase in interest from issuing banks and corporates seeking assurance on funds raised to help finance green projects; and the development in market infrastructure such as bond ratings and indices that are driving demands for transparency. “

“We look forward to continuing to work not only with the Climate Bond Initiative as the Standard develops and matures but with the corporate community as they participate in the global transition to a low-carbon economy.”

Ends.

Notes to editors:

For further information, please visit: http://www.pwc.co.uk/services/sustainability-climate-change/green-bonds.html

About Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy.

It undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis and administers the Standards & Certification Scheme and the Green Infrastructure Investment Coalition (GIIC).

For more information, please visit www.climatebonds.net

 

About PwC:

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see http://www.pwc.com/structure  for further details.

© 2016 PwC. All rights reserved

 Ends.

 

Sian Gentle 

PwC | Media Relations
Office: +44 (0) 20 7213 2538 | Mobile: +44 (0) 7715 484 884
Email:
[email protected]
 

 


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About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

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