What's new in Standard 4.0?
The structural expansion of the Climate Bonds Standard and Certification Scheme now allows for certification of non-financial corporates (i.e., Corporates providing goods and services in the real economy), assets and sustainability-linked debt instruments.
Essentially, those corporates that are aligned with 1.5-degree pathways or will be by 2030 will be eligible for certification.
This includes those whose emissions are already ‘near zero’ and those that are not, so long as the corporate has suitably Ambitious Performance Targets and Credible Transition Plans for the delivery of those Targets, i.e., it is undergoing an ambitious and credible Transition.
That is, although this work originated from our focus on ensuring credible transitions, and ‘no greenwashing’ as the transition concept and label emerged, these new certification offerings are applicable more broadly than just transitioning corporates and Sustainability-linked debt instruments.