EY Becomes a Climate Bonds Partner

Ernst & Young has taken a part in the Climate Bonds Initiative, an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy.

Ernst & Young (EY) has become a Climate Bonds Partner.

climate“EY recognises that capital markets investment will be essential to finance the green growth we need to avert catastrophic climate change. We need to see the development of transparent, repeatable, and verifiable mechanisms to support the market, and to support confidence in green outcomes. The Climate Bonds Standards and Certification scheme is one of these,” said Dr Matthew Bell, Oceania Leader, Climate Change and Sustainability Services at Ernst & Young, in a prepared statement.

“EY’s own purpose, to Build a Better Working World, underlines how we work and partner with other organisations. We will be working with the Climate Bonds Initiative to mobilize capital markets for climate change solutions,” Bell continued.

Climate Bonds CEO Sean Kidney said, “EY has been a leader in a wide range of climate, carbon and sustainability initiatives,” in a prepared statement.

“They have already joined us as an Approved Verifier for the Climate Bonds Standards, the internationally recognised screening and certification process for Green Bonds.  In addition, EY have been actively contributing to the development of Version 2.0 of the Standard as part of our Assurance Roundtable,” Kidney continued, “We’re now very excited to have the opportunity to deepen that relationship and work more broadly with them to build a robust international green bond market.”