icbc-20second-20bond-202018-20verification-20statement-20public-e27a7dfda3f02c61.pdf

This pre-issuance verification statement, produced by Beijing Zhongcai Green Financing Consultant Ltd., confirms that a proposed bond issuance by the Industrial and Commercial Bank of China Ltd. (ICBC), London Branch, aligns with the Climate Bonds Standard (CBS) Version 2.1.

• Beijing Zhongcai Green Financing Consultant Ltd. conducted a pre-issuance verification of a bond proposed by the Industrial and Commercial Bank of China Ltd. (ICBC), London Branch, to ensure compliance with the Climate Bonds Standard (CBS) Version 2.1 and the International Standard on Assurance Engagements 3000 (ISAE 3000).
• The bond is intended to finance projects and assets that fall under four specific Sector Criteria of the Climate Bonds Standard: Solar (Version 2.1), Wind (Version 1.0), Low Carbon Transport (Version 1.0), and The Marine Renewable Energy Criteria (June 2017). For Low Carbon Transport, the criteria specify that no more than 50% of the share of fossil fuel freight t-km transported by the line is permitted.
• The verification process involved reviewing ICBC's Green Bond Framework, the list of Nominated Projects & Assets, and a Declaration made by the ICBC London Branch. For a marine wind farm project specifically, the verifier reviewed the Environmental Management Plan Compliance Summary, Environmental Statement, and Environmental Impact Assessment Consent Decision.
• The verifier concluded that, based on limited assurance procedures, there was no evidence that the Bond failed to align with the requirements of the Climate Bonds Standard or the relevant Sector Criteria for Wind, Solar, Low Carbon Transport, and Marine Renewable Energy.

APA

Climate Bonds Initiative (n.d.). icbc-20second-20bond-202018-20verification-20statement-20public-e27a7dfda3f02c61.pdf. https://www.climatebonds.net/files/drupal-files/files/ICBC%20Second%20Bond%202018%20Verification%20Statement%20public.pdf

Chicago

Climate Bonds Initiative. icbc-20second-20bond-202018-20verification-20statement-20public-e27a7dfda3f02c61.pdf. n.d. https://www.climatebonds.net/files/drupal-files/files/ICBC%20Second%20Bond%202018%20Verification%20Statement%20public.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=icbc-20second-20bond-202018-20verification-20statement-20public-e27a7dfda3f02c61.pdf |url=https://www.climatebonds.net/files/drupal-files/files/ICBC%20Second%20Bond%202018%20Verification%20Statement%20public.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendicbc20second20bond20201820verification20statement20publice27a7dfda3f02c61pdf, author = {{Climate Bonds Initiative}}, title = {{icbc-20second-20bond-202018-20verification-20statement-20public-e27a7dfda3f02c61.pdf}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/ICBC%20Second%20Bond%202018%20Verification%20Statement%20public.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }