The Climate Bonds Standard and Certification Scheme is a 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.



Waste Management

Climate Bonds Standard

Jan 2017: TWG Launch

June 2019: Public Consultation Launch

Update 6 June 2019: The public consultation for the Waste Management Criteria will start on 6th June 2019, and will close on 2nd August 2019. To provide feedback on the Criteria, please read the Background Document. Then use the feedback form provided and send this to before 02/08/19.

The waste sector has the potential to contribute a 10-15% reduction in global greenhouse gas emissions. Opportunities in prevention, reuse, recycling, and energy recovery can achieve significant mitigation by reducing landfill emissions, reducing emissions linked to resource extraction and production using virgin materials, and providing an alternative energy source that substitutes fossil fuels.

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Trends in governmental interventions and business activity indicate that globally, governments and businesses recognise the economic and environmental value of better waste management. To transition to a low-carbon and climate-resilient economy, these stakeholders require significant capital to invest in innovative, effective technologies and infrastructure that transform the waste sector and turn waste into resources.

Interested in Climate Bonds Certification?
1. Read more about the Climate Bonds Standard
2. Email for more information

The Climate Bonds Initiative sees a role for the $100 trillion bond market in addressing the huge funding needs of the global waste sector, estimated to be hundreds of billions of dollars. To this end, the Climate Bonds Initiative has assembled a Waste Management Technical Working Group (TWG) that consists of 19 experts across 16 organisations including universities, NGOs, consultancies, and industry associations. 

Enabling the transition to a low-carbon and climate-resilient economy will require more than slight improvements to business as usual. With the expertise of the Waste Management TWG, the Climate Bonds Initiative aims to develop mitigation & adaptation criteria for the waste management sector to facilitate ambitious emissions reduction and improvement in climate resilience. These will be aligned with the Paris climate change agreement seeking to limit global average temperature increase to 1.5°C. On top of climate change impacts, the Waste Management TWG will also consider other environmental and social impacts, where they are regarded to be significant.

Launched in January 2017, the Waste Management TWG will first consider the types of waste and the technologies that will be in scope and the priorities for criteria development. Waste types under consideration include municipal solid waste, commercial & industrial waste, and construction & demolition waste. Technologies under consideration include refurbishment and remanufacture, recycling, anaerobic digestion, composting, and energy recovery from waste. Meeting monthly over 6-12 months, the Waste Management TWG will develop mitigation & adaptation criteria for waste management activities and infrastructure, which will incorporate feedback from an Industry Working Group (IWG) and a public consultation.   


Anaerobic Digestion and 
Bioresources Association (ADBA)

Jessica Allan
Environment and Regulation Manager

UK Green Investment Bank (GIB)
Adrian Barnes
Associate – Sustainable Finance

Libby Bernick
Global Head of Corporate Business

Resource and Waste Solutions
Terry Coleman
TWG Lead Specialist

Gary Crawford
Vice President of International Affairs

World Business Council for
Sustainable Development

Brendan Edgerton
Manager, Sustainable Materials

London Waste and Recycling Board
Stuart Ferguson
Head of Investment

Golder Associates (UK)
David Hall
Senior Consultant

Dr Dominic Hogg

Ricardo Energy & Environment
Chris Hoy
Waste Management Specialist

Keith James
Special Adviser – Environmental Research

Anaerobic Digestion and 
Bioresources Association (ADBA)

Thom Koller
Policy Officer

Mr. Wenqin Lu
Deptuy Director

The Energy and Resources Institute (TERI)
Sourabh Manuja
Associate Fellow,
Environment and Waste Management Division

University of Surrey
Professor Richard Murphy
Director, Centre for Environment & Sustainability

The Energy and Resources Institute (TERI)
Dr Suneel Pandey
Director, Environment and Waste Management Division

Ricardo Energy & Environment
Dr Adam Read
Practice Director – Resource Efficiency & Waste Management

Amrita Sinha
Manager, Solid Waste Network

University College London (UCL)
Dr Carla Tagliaferri
Research Associate

Resource Futures
Bernie Thomas
Principal Consultant


Zero Waste Europe
Mariel Vilella
Managing Director


Biographies of current members of the Technical Working Group are available here.


"The Climate Bonds Standard Board operates legally as an advisory committee of the Climate Bonds Initiative Board and oversees the development of the Climate Bonds Standard. Neither the Climate Bonds Standard Board nor any organisation, individual or other person forming part of, or representing, the Climate Bonds Standard Board (together, "CBSB") accepts or owes any duty, liability or responsibility of any kind whatsoever to any issuer which wishes to apply for any of its bonds to be certified under the Climate Bonds Certification Scheme ("Scheme"), or to any issuer whose bonds may at any time be certified under the Scheme or to any other person or body whatsoever, whether with respect to the award or withdrawal of any certification under the Scheme or otherwise. All advice or recommendations with respect to any certification under the Scheme or otherwise that CBSB provides to the Climate Bonds Initiative Board is provided to it in an advisory capacity only and is not to be treated as provided or offered to any other person”