ICBC London Branch Climate Bond Pre-Issuance Verification Statement

Beijing Zhongcai Green Financing Consultant Ltd. conducted a pre-issuance verification of a bond proposed by ICBC London Branch. The verification process, based on the Climate Bonds Standard (CBS) Version 2.1 and ISAE 3000, involved reviewing the issuer's Green Bond Framework, project lists, and declarations. The verifier concluded that the bond is in line with CBS requirements and specific sector criteria for solar, wind, low carbon transport, and marine renewable energy.

• The proposed bond is intended to finance projects and assets that fall under four specific Climate Bonds Standard Sector Criteria: Solar (Version 2.1), Wind (Version 1.0), Low Carbon Transport (Version 1.0), and The Marine Renewable Energy Criteria (June 2017).
• The verification process included a review of ICBC's Green Bond Framework to ensure the existence of processes for selecting nominated projects, tracking net proceeds, managing unallocated proceeds, and earmarking funds.
• The verifier concluded that, based on limited assurance procedures, there is no evidence that the bond fails to align with the Climate Bonds Standard and the relevant sector criteria.

APA

Climate Bonds Initiative (n.d.). ICBC London Branch Climate Bond Pre-Issuance Verification Statement. https://www.climatebonds.net/files/drupal-files/files/ICBC%20Second%20Bond%202018%20Verification%20Statement%20public.pdf

Chicago

Climate Bonds Initiative. ICBC London Branch Climate Bond Pre-Issuance Verification Statement. 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 London Branch Climate Bond Pre-Issuance Verification Statement |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{climatebondsinitiativendicbc, author = {{Climate Bonds Initiative}}, title = {{ICBC London Branch Climate Bond Pre-Issuance Verification Statement}}, 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} }