The Climate Bonds Standard and Certification Scheme is a labelling scheme for Entities, Assets and Debt Instruments. Rigorous scientific criteria ensure that Certified investments in climate mitigation are consistent with the 1.5owarming limit in the Paris Agreement. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

Residential Buildings Criteria Overview


Discover approved building codes and energy ratings/labels

The Residential Buildings Criteria uses local building codes and energy ratings/labels as a proxy for performance of the top 15% of buildings in a city.

If you are interested in issuing a bond related to a particular city or region, first check on the "Location Specific Criteria" page if we have analysed that city or region for the relevant Building Code and/or Energy Rating.

Building Code

Local building codes that establish minimum standards for building energy/emissions performance can be used as proxies if it can be shown that they position the buildings in the top 15% of their city.

Once the building codes are approved by the Climate Bonds Secretariat, an issuer simply has to demonstrate that their residential buildings comply with those approved building codes. 

Interested in Climate Bonds Certification?

1. Read more about the Climate Bonds Standard
2. Email for more information


Energy Rating / Label

Similarly, energy ratings/labels like Energy Performance Certificate (EPC) ratings in the UK can be used as proxies to establish which buildings are within the top 15% threshold. If it can be shown that a particular energy rating/label (e.g. EPC rating A in the UK) positions buildings in the top 15% of their city, an issuer simply needs to demonstrate that residential buildings possess that particular energy rating/label.