The Climate Bonds Initiative has announced that ERM Certification and Verification Services (ERM CVS) has expanded its role as an Approved Verifier under the Climate Bonds Standard and Certification Scheme, adding governance of climate bond verification services from its entities in Australia and Brazil.
The inclusion of these locations in the Climate Bonds Verifiers Directory strengthens ERM Group’s capacity to support issuers across key global markets seeking independent verification under the Climate Bonds Standard, a science-based framework widely used in sustainable finance.
Approved Verifiers play a critical role in the Climate Bonds certification process. They assess whether proposed bond instruments meet the required standards for certification and verify after issuance that proceeds are allocated in line with the stated climate objectives.
ERM CVS and ERM have consolidated all Climate Bonds-related work under a single global agreement with the Climate Bonds Initiative. Since becoming an Approved Verifier in 2018, ERM CVS— the independent verification and conformity assessment arm of the ERM Group—has provided accredited third-party verification and assurance services under this unified global governance structure.
Alongside verification services, ERM continues to deliver Second Party Opinions (SPOs) globally, strengthened by the acquisition of former Climate Bonds verifier NINT and supported by its Centre of Excellence in Brazil.
Marina Strovolidou, Head of Certification at the Climate Bonds Initiative, said the expansion strengthens verification capacity in important regions.
“We’re glad to see ERM CVS’s expanded verifier footprint to include Australia and Brazil. As climate finance continues to grow globally, having independent, technically rigorous verifiers in key regions helps strengthen market integrity and supports issuers in aligning with science-based standards. We look forward to deepening our collaboration with ERM CVS to facilitate high-quality Certification across diverse markets,” she said.
Beth Wyke, Global Head of Corporate Assurance at ERM CVS, said integrating the Australian and Brazilian capabilities into the global agreement reinforces the organisation’s commitment to independent assurance.
“Embedding Australia and Brazil’s Climate Bonds verification capability into our existing global agreement strengthens our commitment to deliver independent assurance while continuing to deliver SPOs through ERM, consistently supporting credible, science-aligned climate finance worldwide,” she said.
“As capital markets accelerate their focus on environmental integrity, issuers need trusted, technically rigorous assurance wherever they operate. This expansion enhances our ability to consistently serve clients across key regions with integrity and reinforces ERM CVS’s role as a global partner in driving transparent, high-quality sustainable finance assurance.”
