Second Party Opinions and Sustainability & Resilience Profiles

The market standard for sustainability and resilience disclosure in infrastructure finance.

We deliver high-quality Second Party Opinions and Sustainability & Resilience Profiles. Investors appreciate and trust our Opinions and reviews.

We can help with programs, frameworks and reporting.

Kestrel aligns the Second Party Opinion process with your financing schedule, with flexible timelines ranging from accelerated delivery in days to more extended coordination periods when transactions require additional review.

Sustainability & Resilience Profiles standardize these disclosures for new issuance, and benchmarking sets them in a broader market context. Profiles are available for any debt transaction in the primary market.

Kestrel is the first US-based Approved Verifier for Green Company/Green Issuer Certification (Entity Level Verification) and Sustainability Linked Debt certifications under the Climate Bonds Standard.

 

our efficient process

Kestrel can deliver SPOs and Profiles in a matter of days, including accelerated timelines for time-sensitive financings. Our standard approach builds in coordination time to help ensure smooth execution and avoid last-minute surprises during pricing.

Pre-issuance: we offer a no-cost eligibility review of any bond or capital plan

We will review the use of proceeds and other criteria to recommend the appropriate Green, Social, Sustainability or Climate Bond designation. We also review capital plans.

Second Party Opinion

Our team manages the process efficiently, typically requiring limited issuer time beyond a focused discussion and document review.

Sustainability & Resilience Profile

Post issuance

If reporting is needed, we'll handle it. We will also leverage any reports that are already planned.

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