1. Resources
  2. Reports
  3. Reports

Reports

  • Scaling a Credible Transition Finance Market in China: Opportunities for Electric Utilities

    Coming Soon!

  • The role of policymakers in mobilising private finance to ensure a credible and just transition in steel and cement

    This is the decade of change for steel and cement, which as the two largest industrial emitters globally are crucial to the net- zero transition. Steel and cement are pivotal to meeting the Paris Agreement objectives but while fuel substitution can help address emissions from steelmaking, it cannot fully address those from cement.

    This paper, prepared for the G20 Sustainable Finance Working Group, examines how policymakers can speed, steer, and simplify the transition of the steel and cement industries to net zero. 

  • Developing a Sustainable Finance Taxonomy for Aotearoa New Zealand

    This report provides a set of recommendations for the design and development of a Sustainable Finance Taxonomy for Aotearoa New Zealand (‘NZ’ hereafter) developed by an Independent Technical Advisory Group (ITAG) convened by the Centre for Sustainable Finance: Toitū Tahua (CSF). The Climate Bonds Initiative (Climate Bonds) served as a delivery partner for the project and provided technical assistance to the ITAG for the formulation of the recommendations based on the organisation’s experience with other benchmark taxonomies.

     

     

     

     

  • Fiscal Policy and Sustainable Finance: Enhancing the Role of the Financial Sector in Achieving the Sustainable Development Goals

    Authored by Climate Bonds Initiative, the report outlines the approach to integrate climate action into fiscal policies that can be considered by governments to trigger the growth of sustainable finance, highlighting successful measures implemented by the Association of Southeast Asian Nations plus three (ASEAN+3) countries. Amongst the suggestions include developing sustainable finance roadmaps to demonstrate how policies that prioritise climate action connect with real economic activities, and encouraging countries to adopt multi-pronged strategies to drive change.

     

  • Hong Kong Sustainable Debt Market Briefing 2023

    This is the sixth iteration of the Climate Bonds Hong Kong Sustainable Debt Market Briefing, produced by the Climate Bonds Initiative (Climate Bonds), in association with the Hong Kong Monetary Authority (HKMA) and Hong Kong Green Finance Association (HKGFA), and with support from Standard Chartered Bank. Using Climate Bonds’ green, social, sustainability, (GSS) and sustainability-linked bond (SLB) (collectively GSS+) datasets based on place of risk, this series of reports provides a comprehensive overview of Hong Kong’s sustainable debt market at the end of 2023.

  • Quarterly Market Update (Q1 2024)

    The latest Quarterly Market Report  reveals the first quarter of 2024 was the most prolific on record for sustainable finance volumes. USD272.7bn of aligned green, social, sustainability, sustainability-linked and transition (GSS+) bond volume was added in the Q1 of 2024, 15% more than the USD237.2bn recorded in Q1 2023, and 41% more than the USD193bn from Q4 2023.

  • Transition in Action Agri-Food

    This report examines the current state of the AFOLU (Agriculture, Forestry, and Other Land Use) sustainable debt market and identifies key areas for further development to drive systemic change. It delves into how corporates of all sizes along the supply chain can leverage sustainable debt. The report illustrates the application of the latest international disclosure initiatives and guidance from Climate Bonds Sector Criteria, showcasing examples of metrics beyond scope 3 GHG emissions that can be used for green and sustainable debt reporting or for sustainability-linked KPIs.

  • Navigating Corporate Transitions | 企业转型投资指南

    Building on the foundational work launched last year, Climate Bonds Initiative, together with International Investor Group on Climate Change (IIGCC), Sustainable Markets Initiative (SMI), and Climate Arc, have released, "Navigating Corporate Transitions: a tool for financial institutions". This paper presents a methodology for a tool designed to aid financial institutions in assessing and categorising corporates by their transition credibility and maturity.

     

  • 2023年中国可持续债券市场报告 | China Sustainable Debt State of the Market Report 2023

    本次报告是气候债券倡议组织(CBI)和合作机构共同编写的第八份中国可持续债券市场年度报告，盘点了2023年中国绿色及可持续主题债券市场的发展状况，涵盖了绿色、社会责任和可持续发展债券（GSS）市场以及可持续发展挂钩债券（SLB）市场（统称为GSS+市场）等范围。与仅涵盖绿色债券市场的早期版本相比，本次报告的覆盖范围扩展到了更广泛的GSS+市场，反映了利用中国资本市场为环境和社会举措、项目提供融资支持的市场趋势。

    本报告由气候债券倡议组织（CBI）和兴业经济研究咨询股份有限公司（兴业研究）共同编写，并得到渣打银行的鼎力支持。

  • Global State of the Market Report 2023

    Climate Bonds’ flagship Global State of the Market Report details the size and substance of green and other labelled bond markets. This, the 13th iteration, includes analysis of the green, social and sustainability (GSS) markets, plus sustainability-linked bonds (SLBs).

  • 20 Policy Levers to Decarbonise Buildings in Europe

    Over a third of the energy-related emissions reductions needed globally by 2050 are in the built environment. Europe is a beacon for driving sustainability in the built environment, but EU institutions must now focus on making the sustainable finance agenda workable for investors, asset owners and bond issuers.

  • Sustainability-Linked Bonds: Building a High Quality Market

    Climate Bonds releases a full-length report on Sustainability-Linked Bonds (SLBs), which assesses the profile, structural features, KPI performance, and transition plans of SLB issuance, and makes recommendations aimed at growing a credible SLB market. This first of-its-kind report reveals that the sustainability credentials of many SLBs have been weak and require improvement and introduces a best practice checklist for high-quality SLB issuance.

     

     

  • Companies and Climate Change

    The Climate Change Investment Framework (CCIF) was designed by the Asian Infrastructure Investment Bank (AIIB) and Amundi to tailor investment portfolios that actively consider alignment with the Paris Agreement. The CCIF considers the three dimensions of climate change mitigation and adaptation, and contribution to the transition to net zero. BMI, a Fitch Solutions Company, and the Climate Bonds Initiative (Climate Bonds) have applied the CCIF at a country and sector level (BMI), and an entity level (Climate Bonds).

  • Comparison Study of Chinese and Brazilian Agriculture Criteria: Harmonising Green Standards in the Agricultural Sector

    China and Brazil, as prominent global players in agriculture, boast robust collaborations and strategic partnerships in the agricultural trade sector. Both nations, featuring prominently among the top five producers and exporters of agricultural products, face challenges in sustainability and climate-related risks. Recognizing the economic significance of agriculture, China and Brazil have prioritized the development of policies supporting sustainable practices.
     

  • 日本のクライメート・ トランジション・ボンド

    日本のクライメート・トランジション・ボンド(クライメート・トランジション 利付国債(第1回)。以下、初回債)が厳格なクライメートボンド基準のも とで認証を取得した。これは日本のトランジションファイナンス市場に大 きな発展をもたらすだけでなく、グローバル基準のベストプラクティスを 世界に示すものだ。

    ソブリン債で世界初のトランジションボンドとなる初回債の資金使途は、 すでに確立されているグリーン領域のみならず、グリーン・トランスフォー メーションで触媒的な役割を果たす重要な技術開発の領域を網羅して いる。

    初回債はクライメート・ボンド・イニシアチブ(以下、Climate Bonds)の認 証を取得し、サステナブル投資に求められる透明性とアカウンタビリティ を満たすものとして、我々のグリーンボンド・データベースに登録される

  • Japan's Climate Transition Bond

    Japan is set to issue the first tranche of its ¥1.6 trillion (USD 11 billion) Climate Transition Bond on the 15th and 28th of February. This is a

  • EU Regulation on Deforestation-Free Products: A potential game changer for commodity driven deforestation (Paper II)

    The EUDR, in line with EU sustainability and due diligence standards, presents challenges for supply chains, cost control, and trade. Our new report delves into these regulations, offering key insights for investment in this sector.