Sustainable Finance Services
Introduction
The banking and finance sector plays a crucial role in driving the transition towards a more sustainable and resilient global economy. The sustainable finance market has seen rapid growth, driven by rising investor demand for responsible investing that generates positive environmental and social impact, while also providing greater assurance of investment resilience and prosperity.
Bureau Veritas offers end-to-end services spanning across sustainable finance advisory, ESG due diligence, global taxonomy alignment, and verification - addressing issuers' and financial institutions' needs around regulatory compliance, investment decision-making, and transparent debt issuances.
- Advisory Services: Our advisory services encompass taxonomy screening, alignment assessments, and DNSH criteria reviews, ensuring seamless integration of your projects and activities with evolving regulatory frameworks. We provide comprehensive guidance, leveraging our expertise to navigate the intricate landscape of evolving taxonomies and sustainable finance framework global best practices.
- Debt Instrument Pre-Issuance: Gain credibility and investor confidence through our independent second-party opinion services, meticulously aligning your sustainable finance frameworks and instruments with industry-leading principles. Unlock new opportunities by demonstrating conformance with rigorous certification schemes, validated by our comprehensive external reviews and verifications.
- Debt Instrument Post-Issuance: Fortify investor trust and meet listing obligations with our robust third-party verification services, encompassing allocation of proceeds, impact reporting, and independent KPI verification. Empower informed decision-making through our in-depth ESG due diligence assessments, providing investors with a comprehensive understanding of potential risks and opportunities.
Sectors
- Financial Intermediaries (Banks, NBFCs, Lending Institutions)
- Multilateral Development Banks
- Sovereign Pension and Wealth Funds
- PE/VC Investors, Asset Managers
- Corporate Finance groups of Industries
Critical use case
In 2024, Bureau Veritas, in collaboration with the International Finance Corporation, delivered Second Party Opinions and Taxonomy Alignment advisory services for transactions exceeding $1 billion in strategic markets encompassing commercial real estate, manufacturing, and shipping industries, fortifying its position as a trusted partner.
Challenges
With global sustainable investing assets reaching $30.3 trillion in 2023 as per the Global Sustainable Investment Alliance, the integration of environmental, social, and governance factors into investment decisions is gaining widespread recognition. This transition was further solidified by the landmark commitment made at the 2024 United Nations Climate Change Conference (COP29), where developed nations pledged $300 billion per year by 2035 to support developing countries in combating the impacts of climate change, underscoring the global resolve to channel financial resources towards sustainable development and climate action.
As the sustainable finance landscape continues to evolve, banking and financial institutions must adapt to the evolving regulatory landscape, address volatile investor sentiment, and consider specific value chain and industry levers to drive sustainable finance effectively. Simultaneously, these institutions need to accelerate the scaling up of truly impactful and value-creation initiatives that benefit both people and the planet, fostering a harmonious balance between economic growth and environmental stewardship.
Why Bureau Veritas?
Bureau Veritas brings unique strengths to the sustainable finance market through its global presence, independent third-party verification, and seasoned experts. Leveraging customized assurance services and rigorous in-house auditor qualification, Bureau Veritas builds trust and credibility by providing transparent, reliable, and objective assessments. This empowers stakeholders to capitalize on sustainable finance opportunities while mitigating regulatory risks and enable their well-informed decision to unlock responsible investing.
Our services
Sustainable Finance Debt Instrument Pre-Issuance:
- Second Party Opinion Services
- Climate Bond & EU Green Bond Certification
- External Review
Debt Instrument Post Issuance:
- 3rd Party Verification
- Investor’s ESG Due Diligence