A key part of the Standard is a set of Sector-specific Criteria. These Criteria define climate benchmarks to ensure only assets and projects that support climate mitigation and/or adaptation and resilience can be Certified. If a bond includes assets from multiple sectors, each asset is assessed against the relevant Criteria for its sector.
The Criteria are developed through a multi-stakeholder process led by the Climate Bonds Initiative.
This includes expert working groups, public consultation, and final approval by the Climate Bonds Standard Board.
