We are seeking feedback in response to our proposed Green Bond Assessment (GBA) methodology. Our GBA would provide an evaluation of the bond issuer’s management, administration, allocation of proceeds to and reporting on environmental projects financed with the proceeds derived from green bond offerings.
Our assessment process will score each bond issue on five key factors (along with their respective sub-factors), weighted to reflect their relative importance, to arrive at a composite grade. The composite grade, in turn, will inform an overall assessment that runs from 5 (Excellent) to 1 (Poor). After a GBA is initially assigned, it may be refreshed periodically, based on information provided in the issuer’s subsequently issued annual reports.
After the transaction comes to market, we may periodically refresh the GBA.
We invite market participants to comment on the Request for Comment by February 12, 2016 by submitting their comments on the Request for Comment page on www.moody’s.com.