Archive

  • Kestrel launches 'blue bond' SPO framework for US muni bonds

    30 January 2026

    Second-party opinion (SPO) Kestrel has published a methodology for assessing labelled blue bonds from US municipal issuers after identifying a "meaningful" number of eligible projects already being financed.

  • 'Big four' SPO providers becomes 'big five' in 2024

    10 February 2025

    Japan-focused Rating and Investment Information (R&I) secured more than a 10% share of the sustainable finance second-party opinion market in 2024, joining the global 'big four' US providers led by Sustainalytics and S&P Global.