Sustainable Bond Third-party Verification Services
As the Council Member of the Green Finance Committee, CECEP took the leading role in the completion of the “Green Bond Support Project Catalogue (2015)” led by the People's Bank of China. As a convening member of the Hong Kong Green Finance Association (HKGFA), CECEPEC is well positioned in providing third-party verification and second-party opinion to onshore and offshore green/social/sustainable bond.
For onshore (China) bond issuance, we can provide second-party opinions / third-party verification services for pre-issuance green bond, social bonds, sustainable bonds, and post-issuance annual information disclosure. Rooted in Chinese market with international exposure and insights, we have an in-depth understanding of Chinese national and international green bond standards. We can help issuers to meet the requirements of “Green Bond Support Project Catalogue” and international standards including ICMA Green Bond Principles (GBP) and The Climate Bonds Initiative (CBI).
For offshore bond issuance, we have formed a strategic partnership with the Hong Kong Quality Assurance Agency (HKQAA, the green debt certification agency designated by the Hong Kong Government) to evaluate if the funds management, green project evaluation and screening, use of proceeds, information disclosure and reporting comply with relevant policies, regulations and standards, in order to ensure that issuers can issue green bond with funding verification.
In 2019, CECEPEC provided a one-stop service to the State Development and Investment Corporation, from green bond issuance project design, project screening, use of proceeds to management of proceeds. For the use of proceeds, they have been mainly invested in sustainable water and wastewater management and renewable energy.