Green Bonds Verification

Green Bonds Verification

Agusto & Co, the leading Pan-African Credit Rating Agency with operating offices in Nigeria, Kenya and Rwanda has been approved by the Climate Bonds Standard Board as one of the foremost companies of African origin and fully operational in Africa to be an Approved Verifier to perform verification of green bonds, projects and assets in Africa. As a Climate Bond Initiative (CBI) Green Bonds Approved Verifier, Agusto & Co. will assess projects eligibility under the Climate Bonds Standard criteria for Solar, Wind, Marine, Geothermal, Bioenergy, Recycling, Forestry, Buildings, Water, Waste, Transport, Agriculture & Shipping sectors in Africa and issue pre-issuance and post-issuance verifier reports. As an Approved Verifier, Agusto & Co. can help companies in Africa unlock access to local and international funding options as well as promote sustainable and best environment-friendly practices that align with the United Nations Sustainable Development Goals (SDGs) and the Paris Climate Agreement Goals.

Green Bond Assignments

Completed Pre-Issuance Green Bond Verification in line with the Climate Bonds Standards for Darway Coast Nigeria Limited’s ₦1.6 Billion Green Debt Issue for six hybrid-solar mini-grids in Nigeria in September 2022 (Solar sector).

Completed Pre-Issuance Green Bond Verification in line with the Climate Bonds Standards for the Infrastructure Credit Guarantee Company (InfraCredit) Climate Finance Blending Facility’s ₦100 Billion Green Finance Programme for renewable energy projects in Nigeria in December 2022.

Ongoing Green Bond Verification for Lagos State Government’s ₦14.815 Billion Green Bond (covering renewable energy, waste management, water, forestry and agriculture sectors).

Completed County Green Finance Assessment for 10 counties in Kenya (Nairobi, Laikipia, Embu, Wajir, Nandi, Kisumu, Vihiga, Kirinyaga, Makueni & Taita Taveta) sponsored by FSD Kenya and launched in April 2023.

Completed Post-Issuance Green Bond Verification for Access Bank Plc’s ₦15 Billion Five Year Fixed Rate Unsecured Green Bond (covering solar, water Infrastructure sectors and transportation sectors) in May 2023.

Completed Pre-Issuance Green Bond Verification in line with the Climate Bonds Standards for Hotspot Network Limited’s ₦955 Million Tranche A Green Debt Issuance under InfraCredit’s Clean Energy Funding Programme for rural telephony network in Nigeria in August 2023.

Completed Second Party Opinion on Burn Manufacturing USA LLC (Kenya Branch) Green Bond Framework and up to US$10 million Green Short and Medium term Notes Programme for Clean Cookstoves in Kenya in September 2023.

Completed Pre-Issuance Green Bond Verification in line with the Climate Bonds Standards for ACOB Lighting Technology Limited’s ₦1.51 Billion Green Debt Issue for seven hybrid-solar mini-grids in Nigeria in December 2023 (Solar sector).

Finance & Leasing

COMPANY RATING EXPIRY OUTLOOK COUNTRY
No Current Ratings

Corporates

COMPANY RATING EXPIRY OUTLOOK COUNTRY
No Current Ratings

Corporate Bonds

COMPANY RATING EXPIRY OUTLOOK COUNTRY
No Current Ratings