Independent Verification Statement

An independent pre-issuance verification statement by First Environment, Inc. confirming that the San Francisco Bay Area Rapid Transit District's (BART) General Obligation Bonds (2017 Series A and 2017 Refunding Series E) conform to the Climate Bonds Standard 2.1 and Low Carbon Land Transport sector criteria.

• First Environment, Inc. conducted a pre-issuance verification from March 27 through April 24, 2017, for two bond issuances by the San Francisco Bay Area Rapid Transit District (BART): the General Obligation Bonds, (Election of 2016) 2017 Series A (Green Bonds), and the (Election of 2004) 2017 Refunding Series E (Green Bonds).
• The verification concluded that the bonds, intended to fund electrified public transport infrastructure, conform in all material respects to the Climate Bonds Standard 2.1 and the Low Carbon Land Transport sector criteria (version 1.0).
• The verification process was conducted at a 'Limited Level of Assurance' using ISAE 3000 (revised), the Climate Bonds Standard Assurance Framework (July 2016), and ISO 14065 principles. Materiality was defined as any qualitative non-conformities with the Climate Bonds Standard (CBS) or quantitative misstatements exceeding five percent of applicable numeric sector-specific criteria.

APA

Climate Bonds Initiative (2017). Independent Verification Statement. https://www.climatebonds.net/files/drupal-files/files/BART%20Verification%20Statement%20April%2028%202017.pdf

Chicago

Climate Bonds Initiative. Independent Verification Statement. 2017. https://www.climatebonds.net/files/drupal-files/files/BART%20Verification%20Statement%20April%2028%202017.pdf.

Wikipedia

{{cite press release |author=Climate Bonds Initiative |title=Independent Verification Statement |date=28 April 2017 |url=https://www.climatebonds.net/files/drupal-files/files/BART%20Verification%20Statement%20April%2028%202017.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{climatebondsinitiative2017independent, author = {{Climate Bonds Initiative}}, title = {{Independent Verification Statement}}, publisher = {Climate Bonds Initiative}, year = {2017}, month = apr, url = {https://www.climatebonds.net/files/drupal-files/files/BART%20Verification%20Statement%20April%2028%202017.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }