GREEN TAILORED DEPOSIT PRODUCT DNV GL PRE ISSUANCE VERIFICATION ASSURANCE OPINION

DNV GL Business Assurance Australia Pty Ltd provided a pre-issuance verification assurance opinion for Westpac Banking Corporation's Green Tailored Deposit product, confirming its alignment with the Climate Bonds Standard Version 2.1.

• DNV GL concluded that the Westpac Green Tailored Deposit product complies with the Pre Issuance requirements of the Climate Bonds Standard Version 2.1 and the associated Technical Criteria for Wind Power and Low Carbon Buildings (Commercial Buildings).
• As of 6 November 2018, the total eligible asset portfolio for the Deposit Product was valued at AUD 751.93 million. This portfolio consists of Commercial Buildings in the Australian states of New South Wales, Victoria, Queensland, Western Australia, and the Australian Capital Territory, as well as Wind Renewable Energy Generation and Transmission Assets in Victoria, Western Australia, and South Australia.
• The verification was conducted as a high-level review based on information provided by Westpac in good faith, including documentary evidence, desktop research, onsite visits, and interviews. DNV GL provided limited assurance and did not perform an audit to verify the veracity of the provided data.

APA

Climate Bonds Initiative (n.d.). GREEN TAILORED DEPOSIT PRODUCT DNV GL PRE ISSUANCE VERIFICATION ASSURANCE OPINION. https://www.climatebonds.net/files/drupal-files/files/Westpac%202018%20Tailored%20Green%20Deposit%20Programme%20Pre%20Issuance%20Statement%20PUBLIC.pdf

Chicago

Climate Bonds Initiative. GREEN TAILORED DEPOSIT PRODUCT DNV GL PRE ISSUANCE VERIFICATION ASSURANCE OPINION. n.d. https://www.climatebonds.net/files/drupal-files/files/Westpac%202018%20Tailored%20Green%20Deposit%20Programme%20Pre%20Issuance%20Statement%20PUBLIC.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=GREEN TAILORED DEPOSIT PRODUCT DNV GL PRE ISSUANCE VERIFICATION ASSURANCE OPINION |url=https://www.climatebonds.net/files/drupal-files/files/Westpac%202018%20Tailored%20Green%20Deposit%20Programme%20Pre%20Issuance%20Statement%20PUBLIC.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendgreen, author = {{Climate Bonds Initiative}}, title = {{GREEN TAILORED DEPOSIT PRODUCT DNV GL PRE ISSUANCE VERIFICATION ASSURANCE OPINION}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/Westpac%202018%20Tailored%20Green%20Deposit%20Programme%20Pre%20Issuance%20Statement%20PUBLIC.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }