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Verification Report for Pre-Issuance Certification of the Green Bond by ABN AMRO
oekom research has verified that ABN AMRO's 2018 Green Bond is in conformance with the Climate Bonds Standard's Pre-Issuance Requirements. The verification covered the selection of nominated projects and assets, internal processes and controls, and reporting requirements. The bond's asset pool includes renewable energy projects, specifically offshore wind in the Netherlands and Germany, and residential properties that meet Dutch energy efficiency standards. ABN AMRO's framework aligns with the Green Bond Principles and targets energy efficiency, renewable energy, and the circular economy.
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Document type: Report
Nordex Green Bond Climate Bond Standard Verification Report
The Nordex Green Bond was verified by DNV GL against the Climate Bond Standard version 2.1. The audit concluded that the bond's pre-issuance procedures and evidence are sufficient for compliance. The bond's proceeds are designated for refinancing a previous Green Schuldschein and investing in the development of the Delta4000 wind turbine, both of which fall under the Wind Energy Generation category. The verification process involved desktop reviews and interviews, resulting in no corrective action, clarification, or forward action requests.
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Document type: Report
Monitoring Locally Led Land Restoration at Scale
The document examines the results of a TerraFund-financed project by Support for Women in Agriculture and Environment (SWAGEN) to restore 200 hectares of forest and farmland in Southwestern Uganda. While SWAGEN reported planting 199,649 trees with a 98% survival rate, WRI's AI-powered satellite analysis detected a net increase of 71,122 trees, representing 36% of the projected target. The study identifies challenges in restoration monitoring, including overestimated survival rates, the slow growth of native species, and inaccuracies in geospatial boundary reporting, while concluding that the project successfully increased tree counts across all monitored areas.
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Document type: Case study