SUSTAINABLE FINANCE: KPC EXPANDS ITS SERVICE PORTFOLIO TO INCLUDE GREEN BOND VERIFICATION

Green bonds are seeing strong growth internationally. In the first nine months of 2021 alone, these instruments grew by 165% compared to the previous year. The EU is also committed to green bonds and has classified green financing as an important contribution to achieving the Paris Agreement climate goals.

The CBI standard is a stamp of approval for green bonds, which is comparable to the Fair Trade label, and is currently the world’s most important standard in this area.

As Austria’s first verifier, KPC helps issuers such as banks and businesses bring their bonds to the market and reviews their contribution to climate protection. This involves investing in projects that meet the CBI standards such as renewable energy, energy efficiency measures, and sustainable transport. KPC verifies compliance with the verification criteria for sustainable investments required by the CBI on behalf of the issuers.

In addition, KPC confirms compliance with internal processes for the use of collected funds and the selection of eligible projects. This is a prerequisite for issuing a bond certified by the CBI. The result is a green bond, certified in accordance with a globally recognized and trusted standard that confirms the sustainability of projects financed by the bond.

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