CICERO Second Opinion list

Published 07.09.2017

CICERO is a world-leading provider of independent second opinions on green bond frameworks. Below is a list of publicly available CICERO second opinions and their Shade of Green (for those issued after May  '15).

• ADBC - Dark green (green bond) / Medium green (sustainability bonds)
• ADIF-Alta Velocidad - Dark green
• Advanced SolTech - Dark green
• Agence Française de Développement (AFD) - Medium green
• African Development Bank (AfDB)
• Agder Energi -  Dark green 
• Aligera - Dark green
• Altum - Medium green
• Aquafin - Medium green 
• Asian Development Bank (ADB)
• Atrium Ljungberg - Medium green
• BKK
• City of Gothenburg
• City of Oslo - Dark green
• CPPIB - Medium Green 
• Eidsiva - Dark green
• European Bank for Reconstruction and Development (EBRD) 
• Entra - Dark green
• Export Development Canada (EDC) 
• Export-Import Bank of Korea (KEXIM) 
• Fastighets AB Förvaltaren
• ​Fannie Mae Multifamily - Light green
• Fingrid - Medium green
• Fortum Varme 
• Handelsbanken - Dark green
• HSBC - Dark green
• Humlegården - Medium  green
• International Finance Corporation (IFC) - Medium green
• Industrial and Commercial Bank of China (ICBC) - Dark green
• King County (see annex D) - Dark green
• KfW - Dark green 
• Klövern - Medium green
• Kommunalbanken Norway (KBN) - Dark green
• Kommuninvest - Medium green
• KommuneKredit - Medium green
• Kungsleden - Medium green
• Landsea - Medium green
• Landshypotek Bank - Dark green
• ​Latvenergo AS - Dark green
• Lietuvos Energija - Dark green
• Lund -  Dark green
• Lyse - Dark green
• Modern Land - Medium green
• Nacka Municipality - Dark green
• Munifin - Medium green
• Nordic Investment Bank (NIB)
• Norrköping kommun - Dark green
• Nederlandse Waterschapsbank (NWB)
• Nya Svensk FastighetsFinansiering (Nya SFF) - Medium green
• OBOS  Forretningsbygg (OFB) - Medium green
• Ontario Province
• PNB Merdeka Ventures - Medium green
• Quantum Solar Park (Green Sukuk) - Dark green
• Québec - Dark green
• Republic of Indonesia - Medium green
• Rikshem - Medium green
• SBAB bank - Medium green
• SCA 
• SEB bank - Dark green
• Skanska - Medium green
• Sogn og Fjordane Energi - Dark Green
• Stena Metall - Dark green
• Stockholms Kooperative Bostadsförening (SKB) - Medium green
• Skåne region - Dark green
• Södra skogägarna - Dark green
• Stångåstaden - Medium green
• Stockholm County Council (SLL) - Dark green
• Swedish Export Credit (SEK)
• Tadau Energy (Green Sukuk) - Dark green
• UITM - Dark Green 
• Uppsalahem - Medium green
• Vacse - Medium green
• Vasakronan - Dark green
• Vellinge - Dark green
• Volvofinans bank - Light green
• Västerås stad - Dark green
• Västra Götalandsregionen - Medium green
• Willhelm - Medium green
• WDP - Medium green
• World Bank
• Örebro Municipality - Medium green 
• Ørsted - Dark green
• Östersunds kommun - Dark green

When green bond frameworks were updated and a revised Second Opinion was produced, the link is to the latest Second Opinion.

Additional opinions are in progress or awaiting issuance.