Arup Becomes the First Engineering Consulting Firm To Verify Green Bonds in the U.S.

Global built environment engineering consulting firm Arup has been certified by the Climate Bonds Standard Board to be an Approved Verifier of green bonds. Arup joins a select group of 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, Americas Advisory Services Leader, 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 the only engineering consulting firm in the United States to become an Approved 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.

 Arup is excited to add this offering to its portfolio of Advisory Services that consists of Strategy and Insights, Finance and Economics, Programs and Projects, Assets and Operations, People and Organizations, Sustainable Development Advisory and ESG service lines. 

“Our Certification work proudly delivers a mark of best practice in green labelling across the globe” said Sean Kidney, CEO, Climate Bonds Initiative. “To continue our mission of ensuring capital is purposed for climate solutions, we need verifiers with the technical expertise to help us champion market integrity.”