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<!DOCTYPE html> <html lang="en" dir="ltr" xmlns:og="https://ogp.me/ns#"> <head> <link rel="profile" href="http://www.w3.org/1999/xhtml/vocab" /> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <meta http-equiv="Content-Type" content="text/html; charset=utf-8" /> <link rel="shortcut icon" href="https://www.climatebonds.net/favicon.ico" type="image/vnd.microsoft.icon" /> <meta name="description" content="5 Principles for an ambitious transition Whilst change can be delivered in a number of ways, a robust framework needs principles that signal the credibility of transition. Our, Financing Credible Transitions paper, launched in September with Credit Suisse, is the very first body of work that establishes five Core Principles for Transition." /> <meta name="generator" content="Drupal 7 (http://drupal.org)" /> <link rel="canonical" href="https://www.climatebonds.net/principles-transition" /> <link rel="shortlink" href="https://www.climatebonds.net/node/55761" /> <meta property="og:site_name" content="Climate Bonds Initiative" /> <meta property="og:title" content="Principles for Transition" /> <meta property="og:description" content="5 Principles for an ambitious transition Whilst change can be delivered in a number of ways, a robust framework needs principles that signal the credibility of transition. Our, Financing Credible Transitions paper, launched in September with Credit Suisse, is the very first body of work that establishes five Core Principles for Transition." /> <meta property="og:updated_time" content="2022-09-06T15:39:25+01:00" /> <meta property="og:image" content="https://www.climatebonds.net/sites/all/themes/climatebonds/images/og-image.jpg" /> <meta property="og:image:url" content="https://www.climatebonds.net/sites/all/themes/climatebonds/images/og-image.jpg" /> <meta property="og:image:secure_url" content="https://www.climatebonds.net/sites/all/themes/climatebonds/images/og-image.jpg" /> <meta property="og:image:type" content="image/jpeg" /> <meta property="og:image:width" content="1045" /> <meta property="og:image:height" content="600" /> <meta property="article:published_time" content="2021-02-02T00:00:00+00:00" /> <meta property="article:modified_time" content="2022-09-06T15:39:25+01:00" /> <title>Principles for Transition | Climate Bonds Initiative</title> <link 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href="/market/country/china/green-bond-endorsed-project-catalogue" class="sf-depth-4">The Green Bond Endorsed Project Catalogue 2021 Edition</a></li><li id="menu-2609-1" class="middle even sf-item-2 sf-depth-4 sf-no-children"><a href="/market/country/china/china-gbio" class="sf-depth-4">中国的绿色债券发行与机遇报告</a></li><li id="menu-2611-1" class="middle odd sf-item-3 sf-depth-4 sf-no-children"><a href="/china/%E4%B8%AD%E5%9B%BD%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%B8%82%E5%9C%BA%202019%20%E7%A0%94%E7%A9%B6%E6%8A%A5%E5%91%8A" class="sf-depth-4">中国绿色债券市场 2019 研究报告</a></li><li id="menu-2612-1" class="middle even sf-item-4 sf-depth-4 sf-no-children"><a href="/china/hong-kong-green-bond-market-briefing-2019" class="sf-depth-4">Hong Kong Green Bond Market Briefing 2019</a></li><li id="menu-2613-1" class="last odd sf-item-5 sf-depth-4 sf-no-children"><a href="/china/comparing-china%E2%80%99s-green-definitions-eu-sustainable-finance-taxonomy-part-1" class="sf-depth-4">Comparing China’s Green 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</ul></div> </section> </div> </aside>  <section class="col-sm-9"> <ol class="breadcrumb"><li><a href="https://www.climatebonds.net/transition-finance-home" title="">Transition Finance</a></li> <li><a href="https://www.climatebonds.net/frameworks-assess-transition" title="">Frameworks to Assess Transition</a></li> <li><a href="/transition-finance/fin-credible-transitions">Financing Credible Transitions</a></li> <li class="active">Principles for Transition</li> </ol> <a id="main-content"></a> <h1 class="page-header">Principles for Transition</h1> <div class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <article id="node-55761" class="node node-page clearfix"> <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><h2><span style="color:#006699;">5 Principles for an ambitious transition</span></h2> <p style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;">Whilst change can be delivered in a number of ways, a robust framework needs principles that signal the credibility of transition. Our, <a href="https://www.climatebonds.net/2020/09/climate-bonds-credit-suisse-publish-financing-credible-transitions-white-paper" style="box-sizing: border-box; color: rgb(52, 103, 164); text-decoration: none;">Financing Credible Transitions</a> paper, launched in September with Credit Suisse, is the very first body of work that establishes five Core Principles for Transition.</p> <hr /><div style="box-sizing: border-box; font-family: Tahoma, Arial, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216); width: 300px; float: right; margin-left: 10px; margin-right: 10px; padding: 6px;"> <p style="box-sizing: border-box; margin: 0px 0px 10px;"><span style="font-size:14px;"><span style="font-weight: 700;">Resources:</span></span></p> <ol><li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/resources/reports/financing-credible-transitions"><span style="font-family: Tahoma, Arial, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216);">Financing Credible Transitions (White Paper)</span></a></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/resources/reports/financing-credible-transitions-summary-note"><span style="font-family: Tahoma, Arial, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216);">Summary note: Financing Credible Transitions</span></a></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/resources/press-releases/2020/09/climate-bonds-initiative-and-credit-suisse-publish-financing">Press Release</a></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/2020/09/climate-bonds-credit-suisse-publish-financing-credible-transitions-white-paper">Climate Bonds Post</a></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/transition-finance/entities">Transition flow for Entitities</a> </div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/transition-finance/activities">Transition flow for Activities</a></div> </li> </ol><p style="box-sizing: border-box; margin: 0px 0px 10px;"> </p> <p style="box-sizing: border-box; margin: 0px 0px 10px;"><strong>News:</strong></p> <p style="box-sizing: border-box; margin: 0px 0px 10px;">Latest Webinar, 30<sup>th</sup> Nov: <em>Building a market for green transitions</em></p> <p style="box-sizing: border-box; margin: 0px 0px 10px;">Event speakers: Adam Matthews, Church of England Pensions Board; Anna Creed, Climate Bonds; Marissa Drew, <span style="font-size: 14.000000953674316px; background-color: rgb(216, 216, 216);">Credit Suisse; </span>Stephen Liberatore, Nuveen & Sean Kidney, Climate Bonds.</p> <div class="rtecenter" style="box-sizing: border-box; margin: 0px 0px 10px;"> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="150" scrolling="no" src="https://www.youtube.com/embed/m1nox0EmCtE" width="200"></iframe></div> <div style="box-sizing: border-box; margin: 0px 0px 10px;">Conference 2020 Session, 8<sup>th</sup> Sep: </div> <div style="box-sizing: border-box; margin: 0px 0px 10px;"><em>A Path Forward For Transition Finance</em></div> <div style="box-sizing: border-box; margin: 0px 0px 10px;"><a href="https://www.linkedin.com/in/marisa-drew-9532088">Marisa Drew</a>, Credit Suisse & <a href="https://www.linkedin.com/in/seankidney">Sean Kidney</a>, from Climate Bonds were hosted by Bloomberg television's <a href="https://www.bloombergmedia.com/talent/people/francine-lacqua/">Francine Lacqua</a> on the launch session of the new transition framework during the Conference 2020.</div> <p class="rteindent1"> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="120" scrolling="no" src="https://www.youtube.com/embed/BjOnodrsZkM" width="200"></iframe></p> <div style="box-sizing: border-box; margin: 0px 0px 10px;"> <p class="speaker-name truncate clickable" style="font-size: 16px; box-sizing: border-box; margin: 0px; padding: 0px; border: 0px; outline: 0px; text-overflow: ellipsis; overflow: hidden; white-space: nowrap; cursor: pointer; color: rgb(32, 105, 188); line-height: 24px; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif;"> </p> <p class="speaker-name truncate clickable rtecenter" id="Sean Kidney @CBI-name" style="font-size: 16px; box-sizing: border-box; margin: 0px; padding: 0px; border: 0px; outline: 0px; text-overflow: ellipsis; overflow: hidden; white-space: nowrap; cursor: pointer; color: rgb(32, 105, 188); line-height: 24px; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif;"> </p> <p class="speaker-name truncate clickable" style="font-size: 16px; box-sizing: border-box; margin: 0px; padding: 0px; border: 0px; outline: 0px; text-overflow: ellipsis; overflow: hidden; white-space: nowrap; cursor: pointer; color: rgb(32, 105, 188); line-height: 24px; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif;">Feedback</p> <p>We would love to hear from you, please send your <a href="mailto:public.consultation@climatebonds.net">feedback here</a>.</p> <p> </p> </div> </div> <p style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;">These Principles lay the groundwork for a Transition label that will move investment decisively and enable investors to easily find climate-proof investments (and avert potential criticism of greenwashing).</p> <p style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;">Climate Bonds aims to develop criteria that define credible and ambitious transitions.</p> <p style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;"><img alt="" src="https://www.climatebonds.net/files/images/pages/Images/principles-credible-transition.png" style="width: 550px; height: 389px;" /></p> <p style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;">All goals and pathways need to:</p> <ol style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 14px;"><li style="box-sizing: border-box;">Align with zero carbon by 2050 and nearly halving emissions by 2030;</li> <li style="box-sizing: border-box;">Be led by scientific experts and not be entity- or country-specific;</li> <li style="box-sizing: border-box;">Be sure that credible transition goals and pathways don’t count offsets;</li> <li style="box-sizing: border-box;">Include an assessment of current and expected technologies which can be used to determine a decarbonisation pathway;</li> <li style="box-sizing: border-box;">Be backed by operating metrics rather than a commitment or pledge.</li> </ol></div></div></div> </article> </section> </div> 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