PRE-ISSUANCE VERIFICATION REPORT (LIMITED ASSURANCE ENGAGEMENT)

Vigeo Eiris conducted a limited assurance engagement in September and October 2018, concluding that Royal Schiphol Group's 2018 first Green Bond is in conformance with the Climate Bonds Standard version 2.1. The bond's proceeds are intended to finance low carbon emissions vehicles, charging infrastructure, and the construction or refurbishment of low carbon buildings. The verification confirmed that the nominated assets meet the technical criteria for Low Carbon Buildings and Low Carbon Land Transport, though the verifier noted that the lack of quantified contributions to corporate sustainability objectives and the absence of a commitment to periodic assurance engagements are areas for improvement.

• Vigeo Eiris concluded that Royal Schiphol Group's 2018 first Green Bond conforms in all material respects to the Climate Bonds Standard's Pre-Issuance Requirements (version 2.1) and associated sector-specific technical criteria.
• The bond's nominated assets are divided into two primary investment areas: Low Carbon Buildings (including commercial buildings and upgrade projects) and Low Carbon Land Transport.
• For commercial buildings, the aggregated portfolio's Energy Index (EI) value is 0.94, which meets the CBI standard requirements.
• Refurbished buildings in the portfolio demonstrated an energy efficiency improvement of 33% to 36%, exceeding the 30% threshold and achieving a step up of more than two levels in energy performance labelling.
• The Low Carbon Land Transport portion of the portfolio consists entirely of electric private passenger buses and electric vehicle charging stations.
• The verifier identified two areas for improvement: the expected contribution of the bond to corporate sustainability objectives is not quantified, and the issuer has not committed to periodic assurance engagements during the bond's term.

APA

Climate Bonds Initiative (2018). PRE-ISSUANCE VERIFICATION REPORT (LIMITED ASSURANCE ENGAGEMENT). https://www.climatebonds.net/files/drupal-files/files/Royal%20Schiphol%20Group_pre%20issuance%20report%20PUBLIC.pdf

Chicago

Climate Bonds Initiative. PRE-ISSUANCE VERIFICATION REPORT (LIMITED ASSURANCE ENGAGEMENT). 2018. https://www.climatebonds.net/files/drupal-files/files/Royal%20Schiphol%20Group_pre%20issuance%20report%20PUBLIC.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=PRE-ISSUANCE VERIFICATION REPORT (LIMITED ASSURANCE ENGAGEMENT) |date=8 October 2018 |url=https://www.climatebonds.net/files/drupal-files/files/Royal%20Schiphol%20Group_pre%20issuance%20report%20PUBLIC.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018preissuance, author = {{Climate Bonds Initiative}}, title = {{PRE-ISSUANCE VERIFICATION REPORT (LIMITED ASSURANCE ENGAGEMENT)}}, institution = {Climate Bonds Initiative}, year = {2018}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/Royal%20Schiphol%20Group_pre%20issuance%20report%20PUBLIC.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }