PRE-ISSUANCE VERIFICATION LETTER

This pre-issuance verification letter, authored by Sustainalytics in October 2018, confirms that the green bond intended for issuance by Industrial Bank Co. conforms with the Wind Energy, Solar Energy, and Low Carbon Transport Criteria of the Climate Bonds Standard Version 2.1.

• Sustainalytics conducted a pre-issuance verification in October 2018 and concluded that Industrial Bank Co.'s green bond is in conformance with the Pre-Issuance Requirements of the Climate Bond Standard Version 2.1, specifically regarding the Wind Energy, Solar Energy, and Low Carbon Transport Criteria.
• The proceeds from the green bond are intended to finance or refinance 'Eligible Green Assets' consisting of onshore wind and solar power generation facilities, as well as electrified urban rail transit and electric metro lines.

APA

Climate Bonds Initiative (2018). PRE-ISSUANCE VERIFICATION LETTER. https://www.climatebonds.net/files/drupal-files/files/Industrial%20Bank%20Co%20Pre-Issuance%20Verification%20Statement%20PUBLIC.pdf

Chicago

Climate Bonds Initiative. PRE-ISSUANCE VERIFICATION LETTER. 2018. https://www.climatebonds.net/files/drupal-files/files/Industrial%20Bank%20Co%20Pre-Issuance%20Verification%20Statement%20PUBLIC.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=PRE-ISSUANCE VERIFICATION LETTER |date=2018 |url=https://www.climatebonds.net/files/drupal-files/files/Industrial%20Bank%20Co%20Pre-Issuance%20Verification%20Statement%20PUBLIC.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018preissuance, author = {{Climate Bonds Initiative}}, title = {{PRE-ISSUANCE VERIFICATION LETTER}}, institution = {Climate Bonds Initiative}, year = {2018}, url = {https://www.climatebonds.net/files/drupal-files/files/Industrial%20Bank%20Co%20Pre-Issuance%20Verification%20Statement%20PUBLIC.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }