Adjacent to the perennial question of who decides whether a sustainable finance structure is good enough is the question of when an external party should be hired to opine on the credibility of a framework or transaction. Obtaining the opinion of an independent firm (a “second party opinion”) is not generally mandatory but has become customary for certain markets. The process and utility of such opinions can be varied.

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Second Party Opinions and Pre-transaction External Review

  • Aaron Franklin

摘要

Adjacent to the perennial question of who decides whether a sustainable finance structure is good enough is the question of when an external party should be hired to opine on the credibility of a framework or transaction. Obtaining the opinion of an independent firm (a “second party opinion”) is not generally mandatory but has become customary for certain markets. The process and utility of such opinions can be varied.