Sustainalytics tops CBI verification market share

Channels: Corporate, Debt, Green Bonds

Companies: Sustainalytics, DNV GL

Sustainalytics has been named as the leading verifier under the Climate Bond Standards in 2020.

The company was responsible for 35.4% of the certifications in the market, according to data from the Environmental Finance Bond database*, with DNV GL in second place with 21.4% of the market share.

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans and other debt instruments. Scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2°C.

The scheme is used globally by bond issuers, governments, investors and the financial markets.

Last week, Environmental Finance reported that Sustainalytics had retained its crown as the biggest second party opinion provider of GSSS bonds, excluding deals certified under the Climate Bonds Standard – and expects the size of its business to double this year as the market continues to boom.

External reviewer coverage of CBI deals

Source: Environmental Finance’s Bond Database and Sustainable Bonds Insight 2021

For more information download Environmental Finance's Sustainable Bonds Insight 2021 for FREE.

This year's edition contains 14 chapters from leading institutions in the green, social and sustainability bond markets analysing the main developments in 2020 and the outlook for 2021.

These contributions are supplemented by graphics and data from the EF Bond Database.

*Methodology: market share is calculated by the number of issuers covered by an external reviewer's second party opinion in 2020. If multiple second party opinions were produced for a single issuer by an external reviewer in 2020 that issuer is only counted once for that external reviewer.

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