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.

Land Use


June 2020: Agriculture Criteria released
March 2019: Protected Agriculture Criteria in Mexico released                                    November 2018: Forestry Criteria released                                                   

May 2016: Land Use Phase II Technical Working Group established
Dec 2015: Public consultation closed
Sep 2015: Public consultation opened
Oct 2014: Land Use Phase I Technical Working Group established

Land Use Criteria and the Climate Bonds Standard

Latest update: There is not a general Land Use Criteria available for certification. It was decided, after much external and internal consultation, that it was necessary to break down the Land Use Criteria into separate sectors to give more detailed guidance on low-carbon investment in each relevant sector. Therefore, in August 2017, the Forestry TWG was convened and took the work which the Land Use TWGs had done to create the Forestry Criteria, which was released for certification in November 2018. The Criteria for Protected Agriculture in Mexico was released in March 2019 and a separate Agriculture Criteria was released in June 2020.

What do we mean by Land Use Criteria?

Land use sectors – specifically Agriculture, Forestry & Other Land Use (or AFOLU) – were identified by Climate Bonds as priority areas for the development of robust criteria under the Climate Bonds Standard.

According to the Intergovernmental Panel on Climate Change (IPCC), Agriculture and Forestry together contributed 22% of greenhouse gas emissions in 2005. The UN Food and Agriculture Organisation (FAO) says that such emissions have nearly doubled over the past 50 years and could increase a further 30% by 2050 without greater effort to reduce them. The United Nations estimates that an additional investment of $14bn by 2030 will be required to cope with the adverse impacts of climate change on AFOLU-sectors. At the same time, land use sectors can be a significant strategy for mitigating climate change through sequestration.

Therefore, Climate Bonds initially set out to develop Land Use Criteria that would screen investments in land use assets and related projects that are most strongly in line with the Paris Accord – in other words, those that are compatible with an emission trajectory that limits global temperature rise to 1.5oC or lower.

However, it was decided that, to improve the ambition of each the Criteria, the land sector should be tackled by several separate criteria. That means specific criteria serving sectors such as agriculture, forestry and land conservation & restoration. 

Credit Suisse, SECO and Rabobank have kindly supported this work.

Interested in Climate Bonds Certification?

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Land Use Technical and Industry Working Groups

Technical Working Group

TWG Member                       
Tanja Havemann, Lead Specialist, Clarmondial Christine Negra, Lead Specialist, Versant Vision
Dr. David Ganz, USAID's Lowering Emissions in Asia's Forests (USAID LEAF) Dr. Adam Chambers, NRCS-National Air Quality and Atmospheric Change Team, USDA
Henry Neufeldt, World Agroforestry Center (ICRAF) Paul Chatterton, WWF International
Prof. Molly Jahn, Department of Agronomy, University Wisconsin-Madison Frank Hicks, Independent Consultant
Jerry Seager, Verified Carbon Standard Martial Bernoux, French Research Institute for Development, SCOPE
David Howlett, Climate Change & Livelihoods Adviser, Department for International Development Dr. Rizaldi Boer, Centre for Climate Risk and Opportunity Management in Southeast Asia Pacific (CCROM-SEAP)
Bastiaan Louman, Centro Agronómico Tropical de Investigación y EnseÑanza (CATIE) Jane Feehan, European Investment Bank
Brett Shields, Asia LEDS Partnership and Spatial Informatics Group Simon Petley, Director, EnviroMarket
Mark New, Director & Pro-VC for Climate Change, African Climate & Development Initiative Keith Alverson, Environmental Policy Implementation, UNEP
Roseline Remans, Research Scientist, Bioversity International Dr. Geoff Blate, Asia Regional Forest Advisor, US Forest Service
Rupert Edwards, Senior Advisor, Forest Trends Naomi Swickard, Director, Verified Carbon Standard
Raylene Watson, Managing Director SADC, EBS Advisory Mark Holderness, Executive Secretary, Global Forum on Agricultural Research
Annett Thiele, University Greifswald Lamon Rutten, Manager, Tech Centre for Agricultural & Rural Co-operation
Vikrom Mathur, Observer Research Foundation Deborah O'Connell, Principal Research Scientist, CSIRO Land & Water
Driss Ezzine de Blas, CIRAD  


Industry Working Group

The Land Use Industry Working Group members include:

Tanja Havemann, Lead Specialist, Clarmondial Hans Biemans & Justin Sherrard, Rabobank
Marc Sadler, World Bank Brian Kernohan, Hancock Natural Resources Group
John Tobin & Fabian Huwyler, Credit Suisse Howard-Yana Shapiro, Mars / UC Davis
Oli Haltia, Dasos Capital Tim McGavin, Laguna Bay
Karla Canavan Esben Brandi, Quantum Global
Marcos Mancini, Banorte Cristiano Oliveria, Fibria
Andrew Voysey, Cambridge Institute for Sustainable Leadership Jason Green, ECOM Trading
Lara Yacob, The Nature Conservancy Mads Asprem, Green Resources
Chris Brown, Olam Howard-Yana Shapiro, Mars / UC Davis
John Simpson, Duxton Asset Management Katalin Solymosi, IADB
Timm Tennigkeit, UNIQUE Michael Hendriksz, ADM
Stephen McDowell, Barclays Rishi Madlani, Royal Bank of Scotland
Caroline Cruickshank, Bank of New York Mellon Ali bin Mohamed, Hassad Foods
Jamie Bartlett, Bank of New York Mellon  



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