The Climate Bonds Standard Board has certified engineering consulting firm Arup to be an Approved Verifier of green bonds, the firm announced.
Arup is the only engineering consulting firm in the U.S. to become an Approved Verifier through this board. The firm joins a select group of other Approved Verifier firms around the world to vet financing that supports projects in line with the Paris Climate Agreement goals.
“We’re delighted to be able to offer our skills and experience in the built environment to issuers and investors working towards the net zero of our future,” said Tim Treharne, the Americas advisory services leader for Arup. “Arup has a strong track record working with government agencies, NGOs, property owners and developers, and financial institutions on ever-increasing number of low carbon projects and assets globally.”
As a verifier, Arup will provide independent technical expert reviews for sustainable financing across the building, energy, transportation, water, and waste management sectors. Arup will also be participating in an industry working group with the Climate Bonds Initiative to develop sector criteria for steel, cement, and hydrogen projects that are important in the transition to a carbon-free economy.
