Sustainability Monitoring Russia
Sustainability Monitoring Russia
Sustainability Monitoring Russia
Sustainability Monitoring Russia Sustainability Monitoring Russia

Green bond CBI

This is your opportunity
to attract green capital from international markets.

We help you choose projects and provide Second Opinion
on the issuance of green bonds under the Green Bond Principles.

Learn more
Sustainability Monitoring Russia

What is a green bond?

It is a bond where the proceeds are used solely to finance eligible projects with positive environmental benefits. Green bonds emerged in 2013 and since then the total issuance volume accumulated to $1 trillion, or 1% of Global bonds market.

Types of green financing projects

Renewable Energy

Including production, transmission, appliances, and products

Clean transportation

Such as electric, hybrid, public, rail rapid transit, infrastructure for clean energy vehicles and reduction of harmful emissions

Sustainable water and wastewater management

Including water supply, storm-water management, flood protection, urban drainage systems

Green buildings

Sustainable rural and urban infrastructure

Terrestrial and aquatic biodiversity conservation

Including the protection of coastal, marine, and watershed environments

Pollution prevention and control

Including greenhouse gas control, soil remediation, waste prevention, waste reduction, waste recycling

Advantages of green bonds

Lower interest rates

Green bonds can attract capital at a lower rate compared to other financial instruments. This is due to high demand from investors for green instruments. On average, the interest rate advantage of a green bond is 0.3%.

A more diverse investor base

The range of investors interested in green bonds is broader than for other financial instruments. These investors will be more “sticky,” meaning they hold the debt they purchase longer. Green bonds also attract large institutional investors and pension funds because of their lower risk profile.

Enhanced reputation

A green bond allows the issuer to positively associate its organization with efforts to increase financial flows for low-carbon projects and ensure the prosperity of future generations

Climate risk hedge

By purchasing green bonds, investors get an additional diversification away from oil-dependent assets in favor of climate projects that are rapidly growing in value.

Compliance with international standards

CBI certification allows issuers to demonstrate to the market that their bonds meet global standards for climate integrity, revenue management and transparency.

SDG Alignment

By issueing a green bond you signal to investors that you have a tangible contribution towards achieving the Sustainable Development Goals.

How to issue a green bond

identify operations that can be used to issue green bonds
understand the proposed issuance and market precedents
develop a credible green bond issuance framework
get a comprehensive second party opinion and assurance report
recieve support for investor roadshows (ESG Expeditions)
report on the environmental performance indicators of your bond

What do you need to issue a green bond?

Sustainability Monitoring Russia

The certification process for climate bonds is divided into two stages. In the pre-launch verification phase, the bond is formulated, validated, launched, registered, priced and marketed.

  • Post-issuance verification must be carried out within (12 months for version 2.1) or (24 months for version 3) after issuance to confirm post-issuance certification and to maintain certification of the green bond.
  • After post-issuance verification, certification must be maintained by the issuer by submitting annual reports for the duration of the bond, until maturity.
  • Sustainability Monitoring can provide a regular assessment service throughout the life of a bond. This will give investors additional reassurance.

Documents required to issue a green bond

Sustainability Monitoring Russia
  • Climate bond information
    A brief summary of the proposed bond, intended for internal review. It is not made publicly available.
  • Verifier’s report for the preliminary issue
    A legal document to be signed by the issuer.
  • Application and certification agreement
    The issuer must engage an approved verifier to work with the issuer. The verifier confirms that the projects and assets to be financed from the bond proceeds meet the requirements of the Climate Bonds Standard. This is how the verifier verifies that the issuer has established internal processes and controls to manage the bond proceeds.
  • Financial framework
    The issuer must establish a green bond framework that describes how the requirements of the Climate Bonds Standard will be met by the issuer for the relevant bond.

This information is often presented using the five main components of green bond principles (use of revenues, project and asset selection, revenue management, reporting, and external review).

What do you need after issuance

Sustainability Monitoring Russia
  • Climate bond update
    Once the bond has been issued and the bond’s proceeds have been allocated to projects and assets, the issuer will update the climate bond information form to include any changes that have occurred since issuance.
  • Verifier’s report after issue
    The verifier must confirm that the bond issued meets the requirements of the Climate Bonds Standard.

The Climate Bonds Standard Board reviews both documents and if they meet the requirements certification is granted for the duration of the bond.

Issue a green bond

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