External Reviews

                                                                                  

 
These Guidelines for External Reviewers provide voluntary guidance relating to professional and ethical standards for external reviewers, as well as to the organisation, content and disclosure for their reports. They have been developed as a common undertaking between the Executive Committee of the Principles in consultation with a group of leading external reviewers, with the support of the ICMA Secretariat with the collective objective to promote best practice in the provision of external review services for green, social and sustainability bonds.

The guidelines complement the Green and Social Bond Principles, the Sustainability Bond Guidelines and reference other existing relevant guidance such as the Assurance Framework for the Climate Bond Standard, Guidelines for the Conduct Assessment and Certification of Green Bonds (Interim) jointly issued by the People's Bank of China and the China Securities Regulatory Commission, the draft EU Green Bond Standards published by the High-Level Expert Group (HLEG) on Sustainable Finance, and the ASEAN Green Bond Standards.


Contributing external reviewers*

Bureau Veritas
Carbon Trust
China Chengxin Credit Management Co., Ltd.
Cicero
DNV GL
ERM Certification and Verification Services
EthiFinance
Kestrel Verifiers
S&P Global Ratings
Sustainalytics
TUV NORD CERT
Vigeo Eiris

*Among the External Reviewers consulted in the drafting of these guidelines, the above permit to being referenced.



Translations of the Guidelines for External Reviewers



Bahasa Malay
Bahasa Melayu Baku
Chinese | 中文
Chinese
中文
Chinese | 中文
Dutch (Netherlands)
Nederlands

Finnish
suomi

Georgian
ქართული ენა

German
Deutsch

Italian
italiano
Chinese | 中文
Norwegian
norsk


Spanish
español

Turkish
Türkçe

       
             

Overview of the External Review Service Mapping

The purpose of the mapping of external reviews is to provide market participants with clear information on the range of services offered as well as the context and content of the final external review report. The Overview is supplied by the templates that external reviewers have provided (see below).

This Excel spreadsheet is divided into 3 tabs: (1) External review services – (2) Timing and coverage – (3) Geographic scope and languages.

To have access to an individual template, you can click on the name of the related provider (on the 1st tab of the Overview).

Download Overview of the External Review Service Mapping

The Overview currently provides information on the following reviewers:

Template for External Reviews

The External Review Service Mapping Template is an excel form where external reviewers are invited to voluntarily provide information about the different external review services they provide.

The Executive Committee of the GBP/SBP encourages external reviewers to voluntarily fill in this template in order to promote transparency and disclosure and support market efficiency.

The accompanying User Guide clarifies how each element of the template should be filled out by external reviewers and interpreted by market participants.

Questions related to the template may be addressed to the Secretariat for the GBP/SBP at greenbonds@icmagroup.org.