Verification Report for Pre-Issuance Certification of the Green Bond by ABN AMRO

This verification report, produced by oekom research on April 9, 2018, confirms that ABN AMRO's 2018 Green Bond is in conformance with the Pre-Issuance Requirements of the Climate Bonds Standard. The report assesses the bank's selection of assets, internal controls, and reporting frameworks to ensure alignment with Climate Bonds Initiative (CBI) criteria.

• oekom research concluded that ABN AMRO's 2018 Green Bond conforms to the Pre-Issuance Requirements of the Climate Bonds Standard based on limited assurance procedures.
• ABN AMRO has established a selection process for nominated assets that includes monthly internal updates and a design to prevent the double nomination of projects. To further ensure integrity, the bank will use an external auditor to verify that assets are not already nominated to other Climate Bonds.
• To manage the risk of over-issuance relative to eligible assets, ABN AMRO limits the total issued amount of bond proceeds to 80% of the eligible loans available at the time of issuance.
• The bank's internal controls for proceeds include moving net proceeds to a dedicated Green Bond portfolio. Any unallocated proceeds are invested in short-term money market products from sovereigns, supranationals, agencies, development banks, and financial institutions rated as 'Prime' by oekom research.
• The Green Bond Asset Pool includes four marine renewable energy projects located in the North Sea of the Netherlands and Germany. These projects collectively account for 100% of the Asset Pool and include wind and ocean studies to determine climate risks, as well as avifauna monitoring plans to minimize ecosystem impact.
• Residential property assets in the pool are eligible for CBI certification because they were built after the Dutch Building Decree 2012 (Bouwbesluit 2012), placing them in the top 15% of energy-efficient buildings in the Dutch market.
• ABN AMRO's reporting commitments include quarterly 'Management Flow of Funds' reports on its corporate website and annual impact reports. The impact reporting methodologies are developed by W/E Consultants.

APA

Climate Bonds Initiative (2018). Verification Report for Pre-Issuance Certification of the Green Bond by ABN AMRO. https://www.climatebonds.net/files/drupal-files/files/ABN%20AMRO%20oekom%20pre-issuance-verification%20report.pdf

Chicago

Climate Bonds Initiative. Verification Report for Pre-Issuance Certification of the Green Bond by ABN AMRO. 2018. https://www.climatebonds.net/files/drupal-files/files/ABN%20AMRO%20oekom%20pre-issuance-verification%20report.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Verification Report for Pre-Issuance Certification of the Green Bond by ABN AMRO |date=9 April 2018 |url=https://www.climatebonds.net/files/drupal-files/files/ABN%20AMRO%20oekom%20pre-issuance-verification%20report.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018verification, author = {{Climate Bonds Initiative}}, title = {{Verification Report for Pre-Issuance Certification of the Green Bond by ABN AMRO}}, institution = {Climate Bonds Initiative}, year = {2018}, month = apr, url = {https://www.climatebonds.net/files/drupal-files/files/ABN%20AMRO%20oekom%20pre-issuance-verification%20report.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }