June 2018: Land Conservation and Restoration Criteria open for public consultation
August 2017: Forestry TWG convened
May 2016: Land Use TWG reconvened
Sep 2015: Draft Land Use Criteria launched for public consultation
Oct 2014: Land Use TWG established
To hear more about the Land Conservation and Restoration Criteria and ask your questions directly to the experts that helped us develop these Criteria, sign up to one of our webinars:
What are the Land Conservation & Restoration Criteria?
For many countries and regions, land conservation and restoration is important both environmentally and economically. These habitats and thus their related investments can form a significant part of the capital assets of these countries. The UNFCCC has estimated that financial flows required to meet natural ecosystem protection needs are estimated at an increase in annual expenditure of USD 12–22 billion. A clear understanding of what sorts of investments are consistent with improving the climate resilience of conserved or restored land assets will help bond investors quickly determine the environmental credentials of green bonds related to land conservation and restoration.
The Land Conservation & Restoration Criteria lay out the requirements that land conservation and restoration assets and/or projects must meet to be eligible for inclusion in a Certified Climate Bond. The bond must also meet the reporting and transparency requirements of the overarching Climate Bonds Standard V3 in order to receive Certification.
The Land Conservation & Restoration Criteria originally began development as part of the Climate Bonds Forestry Criteria but were separated to signal to the market and issuers that land conservation and restoration projects can also be certified, providing they meet these Criteria. The Criteria share identical requirements to forest conservation and restoration projects. Their scope includes any natural, non-commercial landscape, including wetland, peatland, grassland (and savannahs), and desert landscapes.
Development of Land Conservation & Restoration Criteria
These Criteria were developed by the same TWG as the Forestry Criteria. To create the Land Conservation & Restoration Criteria, Climate Bonds convened a Technical Working Groups (TWG) and an Industry Working Group (IWG) with representatives from investors, public entities, environmental and forestry NGOs and international policy bodies from around the world.
Forestry Criteria Technical Working Group Members
World Wildlife Fund (WWF)
Eco System Service Limited
The Center for People and
University of Oxford
Sergio Collaço de Carvalho
Forestry Criteria Industry Working Group Members
Lars Mac Key, DanskeBank
Michael Anderson, ERM
Eliza Mathews, ANZ
Beth Nelson & Pip Best, EY
Jacob Michaelsen, Nordea
Mark Robinson, DNV.GL
Sophie Beckham, International Paper
Sami Lundgren & Timo Lehesvirta, UPM
Esben Brandi, APG Asset Management
Brian Kernohan, Hancock Natural Resources Group
Rama Chandra Reddy & Jean-Dominique Bescond, World Bank