Sources: Arup and Climate Bonds Initiative, London; CP staff
The Climate Bonds Standard Board has certified global built environment engineering consultant Arup as an Approved Verifier. Arup Advisory Services team members will participate in a Climate Bonds Initiative industry group to finalize criteria for cement, steel and hydrogen projects viewed as key to a carbon-free economy transition. They will likewise provide independent expert reviews for financing across the building, energy, transportation, water, and waste management businesses.
“We’re delighted to be able to offer our skills and experience in the built environment to issuers and investors working towards the net zero of our future,” says Americas Advisory Services Leader Tim Treharne. “Arup has a strong track record working with government agencies, nongovernmental organizations, property owners and developers, and financial institutions on ever-increasing number of low carbon projects.”
“Our Certification work delivers a mark of best practice in green labelling across the globe,” adds Climate Bonds Initiative CEO Sean Kidney. “To continue our mission of ensuring capital is purposed for climate solutions, we need verifiers with the technical expertise to help us champion market integrity.”
The Arup Advisory Services group joins a global contingent of green bond Approved Verifiers, among them Moody’s plus North American or overseas offices of financial auditing mainstays Deloitte, EY and KPMG.