DOES MY RESIDENTIAL BUILDING QUALIFY?
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.
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.
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.