BDO achieves Approved Verifier status

BDO LLP has achieved Approved Verifier status under the Climate Bonds Certification Scheme. 

This approval enables the firm to offer verification services that align with the robust standards and rigorous requirements of Climate Bonds, supporting issuers and applicant entities in validating the climate credentials of their green debt instruments, assets, and activities.

As an approved verifier, the firm can now provide third-party assurance to issuers seeking Climate Bonds Certification, evaluating projects and assets across multiple green sectors to ensure they meet the rigorous environmental and technical standards defined under the scheme. 

The approval of BDO extends to conducting verification of entities and sustainability-linked debt that meet the 1.5°C-aligned performance targets defined by the Standard. This capability builds on BDO LLP’s extensive expertise in assessing climate impact, financial modelling, governance frameworks, and transition plans, enhancing investor confidence and market transparency.

With experience in due diligence, sustainability reviews, and certification evaluations, BDO LLP supports clients in aligning with globally recognised green finance practices and advancing credible, climate-aligned investment. Their work contributes to the critical task of mobilising capital for projects that facilitate the transition to a low-carbon economy.

Sean Kidney, CEO and co-founder, Climate Bonds Initiative, said: “BDO LLP’s approval as a Climate Bonds Verifier brings a new depth of expertise to our expanding pool of verifiers, particularly in the UK and European markets. Their knowledge across audit and assurance fields, paired with a clear commitment to climate objectives, will strengthen the green finance ecosystem and provide issuers and investors with the confidence they need to drive ambitious climate action.”

Dr Tauni Lanier, director within BDO’s International Institutions and Donor Assurance practice, added: “BDO is incredibly proud to have achieved Approved Verifier status under the Climate Bonds Certification Scheme. Once a niche market, climate bonds have become a key mechanism for mobilising funds towards projects which have a positive environmental outcome.

“We look forward to playing our part in helping to provide assurance to bond issuers and investors that rigorous science-based criteria have been applied that are consistent with the goals of the Paris Climate Agreement to limit warming to 1.5 degrees. We are also excited to contribute to the development of a mature green and sustainability bond market which is a crucial part of helping investors to prioritise investments which genuinely contribute to addressing climate change.”