Originally established by the Norway-based climate research institute CICERO, The Shades of Green was a leading global provider of independent, research-based second-party opinions on sustainable finance instruments. In March 2022, S&P Global acquired The Shades of Green to enhance its leadership in ESG and sustainable finance data and analytics. The company's expertise in assessing the environmental credentials of green bonds and sustainability-linked financing is now a core part of S&P Global Ratings' suite of SPO services, helping issuers and investors gain transparency and confidence in their sustainable investments.

Founded in

Norway