Green Bond Verification in China - cbd.int

1 Green bond Verification in China2 About UsFinance for Good ESG Risk Management Third-party Verification / Capacity Building Strategic Planning Product Innovation Research SynTao Green Finance is a leading Chinese consultancy specialized in Green finance and responsible PBOC Announcement be encouragedto submit an independent assessment or certification issued by professional certification authority In the Green financial bond duration, the issuer shall be encouragedto disclose assessment report issued by the independent professional assessment or certification agency to the market Requirement on Green bond NDRC Notice NDRC has not given opinion on the Verification of Green bondUp to date.

2 All Green bonds approved by NDRC are NOTverified by independent Requirement on Green bond Shanghai Stock Exchange Notice Issuers are encouraged to get verified by independent parties before the issuance, and at the duration of the bond after Shenzhen Stock Exchange Notice Issuers are encouraged to get verified by a independent parties before the issuance, and at the duration of the bond after issuance NAFMII NAFMII has not given opinion on the Verification of Green bondUp to date.

3 ALLgreen bonds traded in inter-bank market are verified by independent Energy Saving Clean Energy Resource Conservation and Recycling Pollution Prevention and Control Ecological Protection and Climate Change Adaption Clean Transportation 2015 PBOC Green bond Endorsed Project Catalogue (2015 Edition)

4 Verification Standards6 12 NDRCG uidelineonGreenBondOfferingsupports for 12 varieties of projects Energy Saving and Emission ReductionGreen UrbanizationClean Energy and Energy EfficiencyNew EnergyCircular EconomyWater Saving and Unconventional WaterPollution Prevention and ControlEcological Agriculture and ForestryEnergy -saving environmental protection industryLow-carbon IndustryEcological Demonstrative PilotsLow-carbon Pilots Verification Standards7 Verification of Green bond in Mainland China 2017 2 27 60 Billion CNY of labeled Green bond issued in mainland China up to date (2017-2-27), verified bond account for of total value or of total number of bonds.

5 Type Amount Verified( billion) Amount Not Verified ( billion) Number of bond Verified Number of bond Not Verified Corporate bond by PBOC Corporate bond by NDRC 010 Panda Bond37020 Financial Bond16450260 Debt Financing Instruments82090 2017 2 27 , 8 Accounting firm EY Deloitte PWC KPMG Environmental Service CECEP Consulting LianheEquatorBureau VeritasDNV GL Sustainable Finance Consultancy SynTao Green FinanceSustainalyticsOekomResearchVigeoE iris Research ZhongcaiGreen FinancingCICERO Credit Rating China bond RatingTypes of Verifiers By number of verified Green bonds, the top 5 are.

6 EY, CECEP, China bond Rating, SynTao Green Finance and ZhongcaiGreen Financing. 9 Verify To indentigyprojects, assets and Verification standards Our Case Engage To verify if projects provided by the issuer are eligible To evaluate expected environmental benefits of projects To evaluation the issuer's scheme for project selection, proceeds management, transparency and disclosure To conduct onsiteinterview and due diligence10 Feedback To communicate with underwriters and legal service Third-party Opinion To revise according to comments from supervising institutions Lasting Evaluation and Monitor Project.

7 Proceeds and environmental benefits Bonds Mature11 Sewage Treatment Renewable Energy Green Building Ecological Protection Energy Saving Our Experience12 Challenges Facing Verifiers Definitions on Green bond are not synchronized Lack entry criteria for verifiers Lack self-regulation and communication scheme among 2016 Motagua PowerPoint Multipurpose Theme. All Rights Reserved. Contact us 010-58699466 010-58699466-8011 @ syntaogf 8 SOHO 1602