level of transparency, requiring that the post issuance verification of the issuer’s performance against these targets be made publicly available. This can consequently expose the issuer’s strategy, goal
Second Party Opinion. Any concerns on the institution’s independence should be disclosed to investors. 2. Verification: An issuer can (or “needs to” in the case of sustainability-linked bonds post issuance
........................................................................................................10 SPTs Calibration ....................................................................................................11 Bond Characteristics, Reporting & Verification
Reporting 15 4.5 Verification 16 5.0 External Review 17 ASEAN Sustainability-Linked Bonds Disclosure Checklist 18 3ASEAN SUSTAINABILITY-LINKED BOND STANDARDS 2022 INTRODUCTION The ASEAN Capital Markets Forum1
) 29 Sites Internal Verification 8 Sites Certified by External Verifier (LPO,RM3,SLY RM9,CWN,UDN,KKN,SMI) 100% Certified of Operation Site by External Verifier 100% Certified of Operation Site by
. Calibration of Sustainability Performance Targets (SPTs) 3. Bond characteristics 4. Reporting 5. Verification The SLBP recommend that issuers publicly communicate their rationale for the selection of their KPI
issuers. Certified Climate Bond: A Climate Bond that is certified by the Climate Bonds Standard Board as meeting the requirements of the Climate Bonds Standard, as attested through independent verification
verification of emissions reductions • Research and development of ruminant feed that reduces methane emissions • Research into alternative meat and dairy products that might substitute for meat and dairy
through independent verification. Climate Bonds Standard (CBS): A screening tool for investors and governments that allows them to identify green bonds where they can be confident that the funds are being
/ regulatory action 5. Advertising, raising customer awareness • One state regulator describes their role as making advisors reveal their “verification of misconduct” (costly verification) • Conditional on a