Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to 1.5 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Resources for Issuers & Verifiers

 

Documents for users of Climate Bonds Standard Version 3.0

The Climate Bonds Standard V3.0 was formally released on 11th December, 2019. The updated Standard is available in English. Other languages will be coming soon. 

 

General Information for the Climate Bonds Certification Scheme

(PDF) Certification Brochure

                                            

(Video) Introduction to Certification

 

(Videos and links) Fast-track Certification

 

(Video) How to Use Climate Bonds Initiative Sector Criteria

 

(Video) Programmatic Certification

 

(Video) How to Issue a Green Bond (General Overview)

 

 

(PDF) Compreendendo o Esquema de Certificação

(Certification Brochure in Portuguese)

 

(PDF) El Esquema de Certificación de Climate Bonds

(Certification Brochure in Spanish)

 

(PDF) 气候债券认证机制

市场最佳实践

(Certification Brochure in Chinese) 

Quicklinks to Climate Bonds Standard, Sector Eligibility Criteria, FAQs  
Climate Bonds Standard V3.0
Sector Eligibility Criteria
Frequently Asked Questions - coming soon
Documents for Issuers  
Climate Bond Information Form
Certification Agreement 
Approved Verifiers Directory
CBI Fee Policy
Certified Bonds Database
Update Report Template
Documents for Verifiers  
Assurance Framework 2.0
Guidance for Verifiers 2.0
Pre-Issuance Certification Checklist 
Post-Issuance Certification Checklist
   

 

Transition arrangements for the current Version (3.0)

  • The Climate Bonds Standard V2.1 as previously used by issuers and verifiers will remain operative for Certifications in parallel with Standard V3 until June 30, 2020 subject to Verifier and market readiness.
  • Transactions already Certified under V2.1 can continue to use V2.1 for the duration of the bond, or issuers can choose to adopt Standard V3 for their ongoing reporting.  
  • We welcome ongoing input from stakeholders on Standard V3 and we look forward to developing an enhanced V3.1 in the future. Further detail is available here.

 

Documents for users of Climate Bonds Standard Version 2.1

For Issuers

 

Annual Reporting after Issuance

Please use this Annual Report Template to provide the required information.

For Verifiers

 

Assurance Framework (available in English: here and in Chinese: here)

  • Describes the role of the Approved Verifier
  • Defines the criteria used in the Approval of Verifiers
  • Describes the ongoing oversight of Approved Verifiers

 

Guidance for Verifiers (available in English: here and in Chinese: here)

  • Provides the assessment methodology and verification procedures that Approved Verifiers must use with the bond issuer
  • Describes the approaches to managing conflicts of interest and impartiality of verifiers

 

Pre Issuance Verification Requirements (available here, and in Chinese here)

  • Step-by-step checklist to the Climate Bonds Standard for use by Verifier during Pre-Issuance Verification

 

Post Issuance Verification Requirements (available here, and in Chinese here)

  • Step-by-step checklist to the Climate Bonds Standard for use by Verifier during Post-Issuance Verification

 

Climate Bonds Standard

Climate Bonds Standard Version 2.1 (English ----- Chinese) includes a List of Debt Instruments (English ----- Chinese) that are eligible for Certification under the Climate Bonds Standard.

Previous versions of the Climate Bonds Standard are available here.

The Climate Bonds Standard uses a library of Sector-Specific Criteria to determine eligibility of projects and assets for Certification. 

 

 

Disclaimer: "The Climate Bonds Standard Board operates legally as an advisory committee of the Climate Bonds Initiative Board and oversees the development of the Climate Bonds Standard. Neither the Climate Bonds Standard Board nor any organisation, individual or other person forming part of, or representing, the Climate Bonds Standard Board (together, "CBSB") accepts or owes any duty, liability or responsibility of any kind whatsoever to any issuer which wishes to apply for any of its bonds to be certified under the Climate Bonds Certification Scheme ("Scheme"), or to any issuer whose bonds may at any time be certified under the Scheme or to any other person or body whatsoever, whether with respect to the award or withdrawal of any certification under the Scheme or otherwise. All advice or recommendations with respect to any certification under the Scheme or otherwise that CBSB provides to the Climate Bonds Initiative Board is provided to it in an advisory capacity only and is not to be treated as provided or offered to any other person”