Climate change concerns: The need for standardization of a second opinion on green bonds

Abstract

Most investors may not concern with the level of the second opinion of the green bond. In fact, there is a direct effect on these differences. However, the green level would affect the climate change issues directly. The objective of this paper is to propose a standardization of green bond's second opinion. This would ease the investors to see the differences in green bond levels. The research employed a qualitative method based on the second opinion of green bond reports from independent reviewers. The result showed that the standardization of green bond's second opinion may ease investors to see the green bond levels. This should affect the price level or image of the green bond itself. Issuers must increase green bond levels to get demands from investors in the future, which also affect climate change issues.