Independent Assurance Statement

KPMG India provided limited assurance to Power Finance Corporation Limited, concluding that its Green Bond Framework conforms in all material respects to the pre-issuance requirements of the Climate Bonds Standard Version 2.1. The assessment covered the selection of nominated projects and assets, internal processes and controls, and reporting prior to issuance.

• KPMG concluded that the Green Bond Framework intended for use by Power Finance Corporation Limited conforms to the pre-issuance requirements of the Climate Bonds Standard in all material respects.
• The scope of the limited assurance engagement specifically evaluated three areas: the selection of nominated projects and assets, internal processes and controls, and reporting prior to issuance, based on the Climate Bonds Standard Version 2.1.
• The assurance process involved interviewing management and key staff, reviewing the Green Bond Framework's systems for managing proceeds and temporary investment instruments, and verifying that nominated projects met the eligibility requirements in Part B of the Climate Bonds Standard.

APA

Climate Bonds Initiative (2017). Independent Assurance Statement. https://www.climatebonds.net/files/drupal-files/files/Final%20Pre-Issuance%20Assurance%20Statement%20-%20PFC.PDF

Chicago

Climate Bonds Initiative. Independent Assurance Statement. 2017. https://www.climatebonds.net/files/drupal-files/files/Final%20Pre-Issuance%20Assurance%20Statement%20-%20PFC.PDF.

Wikipedia

{{cite press release |author=Climate Bonds Initiative |title=Independent Assurance Statement |date=9 October 2017 |url=https://www.climatebonds.net/files/drupal-files/files/Final%20Pre-Issuance%20Assurance%20Statement%20-%20PFC.PDF |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{climatebondsinitiative2017independent, author = {{Climate Bonds Initiative}}, title = {{Independent Assurance Statement}}, publisher = {Climate Bonds Initiative}, year = {2017}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/Final%20Pre-Issuance%20Assurance%20Statement%20-%20PFC.PDF}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }