Guide to ESG data providers :: Green bond second opinions and ratings

CICERO Shades of Green - Green bond second opinions and ratings

Data category


What data do you provide?

Second Opinions of green bond frameworks. Our independent, research based Second Opinions include a rating of Light, Medium or Dark Green to offer investors better insight into the environmental quality and climate risk of green bonds.  

Where and how do you source your data?

Our Shades of Green methodology is grounded in the latest climate science to assess whether a given entity or technology supports a low-carbon climate resilient society in the long-term. Our Second Opinions also include an assessment of the governance of the issuing institution, with a consideration of environmental policies and implementation of climate strategies.  

Who are the data users?

Investors and issuers of green bonds.

What is the cost for your data offering?

The cost for a standard Second Opinion is approximately 15,000 – 20,000 EUR.