We deliver high-quality Second Party Opinions and assurance. 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.
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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.
While many SPO engagements are planned over several weeks to allow time for scheduling discussions and internal review with financing teams and bond counsel, the analytical work itself can be completed quickly. When transactions require it, Kestrel can deliver SPOs 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.
We will review the use of proceeds and other criteria to recommend the appropriate Green, Social, Sustainability or Climate Bond designation.
Our team manages the process efficiently, typically requiring limited issuer time beyond a focused discussion and document review.
If reporting is needed, we'll handle it. We will also leverage any reports that are already planned.