Resources for Issuers and Verifiers

 

For Issuers

Before Issuance

Issuers need to complete and submit the following two documents to Apply for Certification of their debt instrument under the Climate Bonds Standard:

  1. Climate Bond Information Form which is regularly updated by the issuer throughout the certification process.
  2. Certification Application & Agreement is to be checked by the issuer’s legal department and signed by an authorized representative of the issuer.

Issuers need to engage an Approved Verifier to undertake pre-issuance and post-issuance verification and provide Verifier’s Reports to the issuer. A public version of this Report will be made available here.

 

Annual Reporting after Issuance

After the bond has been issued, the issuer needs to send to us annual updates of the bond's proceeds and its use. They can use this Annual Report Template to provide the required information.

 

For Verifiers

These documents below provide details on the role of Approved Verifiers in the Climate Bonds Standard & Certification Scheme.

 

Application Form to become Approved Verifier (available here)

 

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.

 

Annex C to the Guidance for Verifiers: Readiness Assessment Protocol (available here

  • Presents potential pre-issuance agreed-upon procedures as well as an easy-to-use checklist for implementing these potential procedures.

 

Verifier Agreement (available here)

  • The Verifier Applicant must submit a signed Agreement as part of the application

 

 

Climate Bonds Standard

CBI has recently released an updated version of the Climate Bonds Standard (English: Version 2.1  - Chinese: Version 2.1) which includes a List of Debt Instruments (English: here - Chinese: here) 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. These are available via the table below. The library covers the asset classes identified in the Climate Bonds Taxonomy and will continue to expand and be updated over time. 

 

Sector Criteria  Current Version

Solar Energy:

Version 2.0

Wind Energy:

Version 1.0

Low Carbon Building:

 

  • Version 1.0
  • Version 1.0
  • Version 2.0
  • N/A

Low Carbon Transport:

Version 1.0

Geothermal Energy:

Version 1.0

Water Infrastructure Phase 1:

Version 1.0 

Marine Renewable Energy:

Version 1.0

Forestry:

Version 1.0

Land Use:

  • Under development
Land Use 

Hydropower:

  • Under development
Hydropower 

Bioenergy:

  • Under development
Bioenergy 

Waste Management:

  • Under development
Waste Management