The proposed norms align the requirements for for appointment of an independent third-party reviewer/certifier green debt securities with those recently established for other ESG (Environmental, Social, and Governance) debt securities, such as social and sustainability bonds. The proposed changes would require the reviewer to be independent of the issuer and its management, be compensated in a way that prevents conflicts of interest, and possess expertise in assessing ESG debt securities. The comments/ suggestions from stakeholders are invited.
