EU Green Bond external reviewer
DNV is listed by European Securities and Markets Authority (ESMA) as an external reviewer and accredited provider of EU Green Bonds (EU GBS). This framework aims to improve the transparency, credibility, and comparability of green bonds, supporting sustainable investment and climate-related goals.
EU Green Bond external reviewer
Challenges in Green Bond Standard verification for sustainable finance
The EU Green Bond Regulation, also known as the European Green Bond Standard, was established to address greenwashing and promote transparency in the fast-evolving sustainable finance market.
As interest in green investments continue to rise, the standard offers a voluntary and credible framework aligning with the EU Taxonomy, enabling issuers to demonstrate the environmental impact of their bonds. Its goal is to enhance investor confidence, harmonize the green bond market, and help steer capital toward truly sustainable projects that support the EU’s climate objectives.
How our Green Bond Standard verification services support you
DNV provides independent review services to assess whether your green bond factsheet and subsequent issuance(s) comply with the EU Green Bond Regulation. This includes evaluating the alignment of funded projects with the EU Taxonomy, ensuring transparent reporting practices, and confirming the use of proceeds criteria.
The review supports issuers in demonstrating regulatory compliance, reducing reputational risk, and enhancing confidence among stakeholders. As part of the review process, DNV examines the factsheet, the commitments to allocation and impact reporting, and project eligibility in accordance with the EU GBS and applicable disclosure requirements.
Trusted experts in sustainable finance
DNV is a globally recognized assurance provider with a long-standing reputation for independence, impartiality, and integrity. We are a trusted partner for assurance, verification, and external review services in sustainable finance, backed by strong technical and regulatory expertise. Our structured, science-based approach supports you throughout the bond issuance process, from pre-issuance assessment to post-issuance verification.
We have a long-standing track record in green bond verification and work across sectors, including energy, transport, manufacturing, and infrastructure. As part of our assurance approach, we tailor reviews to reflect the nature of your assets, organizational maturity, and disclosure practices, ensuring a robust and pragmatic outcome.
Benefits of our Green Bond external review services
- Demonstrate alignment with the EU Green Bond Regulation and EU Taxonomy.
- Enhance credibility with investors, regulators, and stakeholders.
- Mitigate greenwashing and reputational risks.
- Ensure transparency and consistency in use-of-proceeds and reporting.
- Strengthen ESG positioning and market differentiation.
Customer success stories
Discover how leading issuers and financial institutions partner with DNV to create credible, market-trusted green financing frameworks.
DNV supports Danske Bank’s broadened strategy for financing the green transition
Danske Bank, with DNV’s support, has launched its new approach for financing the transition, designed to drive credible, large-scale decarbonization across its most pertinent hard-to-abate sectors.
DNV's role in advancing green finance through Thailand’s Provincial Electricity Authority’s (PEA) inaugural sustainability bond
DNV delivered external assurance for PEA's first sustainability bond, supporting Thailand's efforts toward carbon neutrality and green finance innovation.
