For the fourth year in a row CICERO Shades of Green is recognized for its work on green bonds. The CICERO subsidiary has been voted by leading investors as the external assessment provider of the year.
The winners were decided by a panel of 30 judges made up of some of the world’s largest green, social and sustainability bond investors. The sustainable investment and green finance magazine Environmental Finance announced the winners on 30 March.
“CICERO Shades of Green aims to provide thought leadership on the green transition. For us the most important part is the focus on quality, building on renowned climate research. It is a great honor for us to receive the important acknowledgement from investors that this award represents,” said CICERO Shades of Green CEO Harald Francke Lund.
One awards judge commented that "CICERO has been leading the market for years with sound opinions based on research and the necessary differentiation of their shades of green.", according to Environmental Finance.
All sectors needed in the low-carbon transition
The company CICERO Shades of Green was established as a CICERO subsidiary in December 2018 to provide services to financial markets. During the last year CICERO Shades of Green has provided several second opinions that showcase the importance of engaging with all sectors in the low carbon transition.
“To encourage the economy-wide transition that is necessary to achieve the climate targets set out in the Paris Agreement, we cannot limit sustainable finance to the dark green players only. Traditional ‘brown’ or ‘dirty’ industries such as shipping, aviation, oil and gas, must also be encouraged to contribute to the low carbon transition,” said Christa Clapp, Managing Partner and Co-Founder of CICERO Shades of Green. Clapp is also Research Director leading the climate finance work at CICERO Center for International Climate Research.
“The ongoing global crisis caused by the coronavirus outbreak has shown us how important it is to understand risks. Taking the right investment decisions and making the economy more robust, resilient and sustainable becomes even more important in the months and years ahead,” said Francke Lund.
Read more about CICERO Shades of Green at cicero.green