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Shades of Green, formerly part of CICERO, now a part of S&P Global, provides independent, research-based evaluations of green bond and sustainability financing frameworks to determine their environmental robustness. Our Second Party Opinions are built on climate science, drawing on competence from our former parent organization CICERO Center for International Climate Research.
In December 2022 S&P Global acquired the Shades of Green business from CICERO. The acquisition will be integrated into S&P Global Ratings and further expand the breadth and depth of our second party opinions (SPOs) offering. We are currently working to combine the best of both companies’ methodologies to deliver a suite of SPOs that deliver robust analysis, transparency, and continues to be the reference for high quality in the market. To learn more about S&P Global Ratings SPO solutions, please click here.
Our Shades of Green offerings currently include:
Christa Clapp co-founded Shades of Green, formerly part of CICERO, now a part of S&P Global, and previously led the climate finance work as a Research Director at CICERO. She has over 20 years of experience in climate policy and economic analysis, holding previous positions at the OECD and the US EPA. She is a Lead Author for the Intergovernmental Panel on Climate Change 6th assessment report on mitigation for the finance and investment chapter and sits on the Editorial Board for the Climate Policy Journal.