Best domestic green finance verification agency 2019
China Chengxin Credit Management
China Chengxin Credit Management, incorporated in Beijing in 1992, is China’s largest credit rating agency. It has also established itself as a leading domestic green finance verification agency.
The company, known as CCX for short, has been instrumental in establishing an institutional framework for green finance in China. It is one of the first members of the green finance committee of the China Society for Finance and Banking as well as one of the earliest members of the Green Finance Standards Working Group under the China Finance Standardization Technical Committee.
CCX has also demonstrated strong commitment to adopting international standards and best practices in its services. It is an approved green bond verifier of the Climate Bond Initiative, a signatory of the United Nation’s Principles for Responsible Investment (UN PRI) and an observer of ICMA’s Green Bond Principles.
The agency stands out for its strong research and development capability. In 2016, it became the first Chinese green bond verification agency to release its methodologies, which are recognised by the Green Finance Committee of China Society for Finance and Banking and China’s Ministry of Environment Protection.
The methodologies were praised in the domestic finance sector for their clear structure and rigorous criteria.
Currently, its case studies, data and research reports on green bonds are widely used by financial institutions, regulators, regional governments and corporate bond issuers.
Backed by its research and development capability, CCX has also led domestic peers in verifying new and innovative green finance products such as green asset-backed notes, green panda bonds and green bonds issued by micro businesses and financial leasing companies.