Climate Bonds Standard V3.0





2022 will see a major update of our standard, expanding it to include transition to net zero.  


More information on this update and what's new is found here, at our press release

This powerpoint file was used in March 2020 to introduce the new Version 3

All Documents & Resources for the Climate Bonds Standard V3.0 are available at the Resources for Issuers & Verifiers page.  
Transition arrangements for the new Version: The previous Climate Bonds Standard V2.1 may be used for new Certifications until June 30, 2020    



Development process

The draft of the Climate Bonds Standard Version 3.0 was open for a 60-day public consultation period in 2018. Comment was sought from green bond issuers, investors, verifiers and other stakeholders.

The development was based on feedback from green finance markets stakeholders, similar to the processes used to develop previous versions (V1, V2.0, and V2.1).

The V3.0 also builds on the collaboration with the ICMA Green Bond Principles (GBP) to reinforce a framework with global and wide applicability, and reinforcing similarities in structure and terminology.


What does it mean?

  • Increased requirements for disclosure, in line with Green Bond Principles 2017.
  • More clarity on reporting requirements, before and after issuance of the bond.
  • Further flexibility for issuers with staged allocation of proceeds.