For the third year in a row, CICERO Shades of Green has received an award for being the best provider of external assessments in the green bond market.
The winners were decided by a panel 24 independent judges made up of some of the biggest investors in the green, social and sustainability bond market. The sustainable investment and green finance magazine Environmental Finance announced the winners on 2 April.
“We are proud and honored that our work on Second Opinions on green bonds is noticed and recognized for its quality by market actors. Our aim is to continue to improve transparency on climate risk for investors and provide thought leadership on what is green and sustainable”, said CICERO Shades of Green CEO Harald Francke Lund.
One judge said the company provides "the most credible of second party opinions". Another said it "stands out as an external assessment provider with a high quality, science-based approach and very informative SPOs", according to Environmental Finance.
This is the second international award for CICERO Shades of Green this year. In London on 5 March, CICERO Shades of Green received a Green Bond Pioneer award from the Climate Bonds Initiative for being the largest external reviewer globally in 2018.
“Our Shades of Green methodology is increasingly recognised as an effective way to assist investors in understanding climate risk and how green their investments really are”, said Christa Clapp, Managing Partner and Co-Founder of CICERO Shades of Green.
Read more about CICERO Shades of Green at cicero.green