The Climate Bonds Standard and Certification Scheme is a FairTrade-like labelling scheme for bonds. Rigorous scientific criteria ensure that it is consistent with the 2 degrees Celsius warming 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


1. Climate Bonds Standard Forestry Criteria
2. Climate Bonds Standard Land Conservation and Restoration Criteria


June 2018: Forestry Criteria open for public consultation
August 2017: Forestry TWG convened
May 2016: Phase II Technical Working Group established
Dec 2015: Public consultation closes
Sep 2015: Public consultation opens
Oct 2014: Phase I Technical Working Group established

Land Use Criteria and the Climate Bonds Standard

Latest update: The public consultation for the Climate Bonds Standard Forestry Criteria starts on Friday 1st June 2018. Public consultation will end 20th July 2018. Please submit comments and feedback to Katie House.

You can find information on the Climate Bonds Standard Forestry Criteria here.

To hear more about the Forestry Criteria and ask your questions directly to the experts that helped us develop these Criteria, sign up to one of our webinars:

Webinar 1

Monday 18th June 2018
4pm (UK time)
Register here

Webinar 2

Monday 9th July 2018
10am (UK time)
Register here


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 2C 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?

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



Forestry Criteria are the first to be released

The Climate Bonds Forestry Criteria and Land Conservation & Restoration Criteria are the first of these sector criteria to be published. You can find extra information on the Forestry Criteria here, and the Land Conservation & Restoration Criteria here.

The Agriculture Criteria is the next land use sector in the pipeline – development commenced in May 2018.

At the beginning of developing the Land Use Criteria, we 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.

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  


A separate Technical Working Group (TWG) and Industry Working Group (IWG) was formed for development of the Climate Bonds Forestry Criteria. However, some crossover has taken place between the original Land Use Technical Working Group TWG and IWG shown above, and the resulting separate sector Criteria. Some of the above members have subsequently held roles in the Forestry TWG and IWG. A similar approach may take place for the upcoming Agriculture Criteria.