Standard

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.

 

 

Public Consultation

The draft of the Climate Bonds Standard Version 3.0 has now opened for a 60-days public consultation period.

Comment is sought from green bond issuers, investors, verifiers and other stakeholders.

 

Standard V3.0 

Standard V3.0 has been based on feedback from green finance markets stakeholders, similar to the processes used to develop previous versions (V1, V2.0, and V2.1).

The V3.0 also builds on the collaboration with the Green Bond Principles (GBP) to reinforce a framework with global and wide applicability, and reinforcing similarities in structure and terminology.

The structural changes clarify the alignment with the 2017 GBP structure, including smaller changes to the actual requirements of the Standard regarding characteristics of green bonds and assets, to establish international consistency in the green label.

 

What does it mean?

  • Increased requirements for disclosure, in line with GBP 2017.
  • More clarity on reporting requirements, before and after issuance of the bond.
  • Further flexibility for issuers with staged allocation of proceeds.

In addition, V3.0 has a clearer definitional approach to the core elements of the Climate Bonds Standard:

  • Pre-issuance requirements,
  • Post-issuance requirements,
  • Green definitions, and
  • Certification process.  

Contacts

Please provide your input directly to Climate Bonds via the email address: certification@climatebonds.net

We are happy to arrange discussions about the Standard and the improvements we are looking for with version 3.0.  You can send a request to the email address and we will arrange a time for a call.