CINXE.COM

<!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="Resources: Climate Resilience Principles (CRP) CRP Technical Annex Climate Bonds Standard V3.0 Climate Bonds Standard & Certification Scheme Brochure Summary of FAQs Any questions on Adaptation and Resilience? Please contact Anna Creed at: anna.creed@climatebonds.net What is Adaptation and Resilience? Losses due to weather and climate-related events have increased" /> <meta name="generator" content="Drupal 7 (http://drupal.org)" /> <link rel="canonical" href="https://www.climatebonds.net/adaptation-and-resilience" /> <link rel="shortlink" href="https://www.climatebonds.net/node/35203" /> <meta property="og:site_name" content="Climate Bonds Initiative" /> <meta property="og:title" content="Adaptation and Resilience" /> <meta property="og:description" content="Resources: Climate Resilience Principles (CRP) CRP Technical Annex Climate Bonds Standard V3.0 Climate Bonds Standard & Certification Scheme Brochure Summary of FAQs Any questions on Adaptation and Resilience? Please contact Anna Creed at: anna.creed@climatebonds.net What is Adaptation and Resilience? Losses due to weather and climate-related events have increased significantly. To combat these losses, accelerated deployment of various sources of finance, including green bonds, is urgently needed." /> <meta property="og:updated_time" content="2021-04-08T18:09:31+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="2018-10-31T00:00:00+00:00" /> <meta property="article:modified_time" content="2021-04-08T18:09:31+01:00" /> <title>Adaptation and Resilience | Climate Bonds Initiative</title> <link type="text/css" rel="stylesheet" href="https://www.climatebonds.net/files/css/css_lQaZfjVpwP_oGNqdtWCSpJT1EMqXdMiU84ekLLxQnc4.css" media="all" /> <link type="text/css" rel="stylesheet" href="https://www.climatebonds.net/files/css/css_PslGx2gTzV6oV74yff0-sbcYvUarPDRhnKBkiGPOcqI.css" media="all" /> <link type="text/css" rel="stylesheet" href="https://www.climatebonds.net/files/css/css_XV5FDfJUBvmoDay0CiL7tsHbpZkkRpn26IlyOfAMGnY.css" media="all" /> <link type="text/css" rel="stylesheet" href="https://www.climatebonds.net/files/css/css_le1KPMFyBG45yFq8RNnXKCKRXxqZ2K2-1UB36-__ask.css" media="all" /> <link type="text/css" rel="stylesheet" href="https://cdn.jsdelivr.net/npm/bootstrap@3.3.7/dist/css/bootstrap.min.css" media="all" /> <link type="text/css" rel="stylesheet" href="https://cdn.jsdelivr.net/npm/@unicorn-fail/drupal-bootstrap-styles@0.0.2/dist/3.3.1/7.x-3.x/drupal-bootstrap.min.css" media="all" /> <link type="text/css" rel="stylesheet" href="https://www.climatebonds.net/files/css/css_hoz7kajEvr1Dq4WjDpxNTzSiOVEUF063DWlG9gFBjxE.css" media="all" />   <script src="https://www.climatebonds.net/sites/all/modules/contrib/jquery_update/replace/jquery/2.2/jquery.min.js?v=2.2.4"></script> <script src="https://www.climatebonds.net/misc/jquery-extend-3.4.0.js?v=2.2.4"></script> <script src="https://www.climatebonds.net/misc/jquery-html-prefilter-3.5.0-backport.js?v=2.2.4"></script> <script src="https://www.climatebonds.net/misc/jquery.once.js?v=1.2"></script> <script src="https://www.climatebonds.net/misc/drupal.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/jquery_update/js/jquery_browser.js?v=0.0.1"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/jquery_update/replace/ui/ui/minified/jquery.ui.core.min.js?v=1.10.2"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/jquery_update/replace/ui/ui/minified/jquery.ui.widget.min.js?v=1.10.2"></script> <script src="https://www.climatebonds.net/sites/all/libraries/c3/c3.min.js?v=x.x.x"></script> <script src="https://www.climatebonds.net/sites/all/libraries/d3/d3.min.js?v=x.x.x"></script> <script src="https://www.climatebonds.net/sites/all/libraries/nouislider/nouislider.min.js?v=8.0.2"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/jquery_update/replace/ui/ui/minified/jquery.ui.accordion.min.js?v=1.10.2"></script> <script src="https://www.climatebonds.net/misc/form.js?v=7.97"></script> <script src="https://www.climatebonds.net/misc/ajax.js?v=7.97"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/jquery_update/js/jquery_update.js?v=0.0.1"></script> <script src="https://cdn.jsdelivr.net/npm/bootstrap@3.3.7/dist/js/bootstrap.js"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/jquery_ui_filter/jquery_ui_filter.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/custom/cbiemailform/js/cbiemailform.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/entityreference/js/entityreference.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/cleantalk/src/js/apbct-public.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/libraries/colorbox/jquery.colorbox-min.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/colorbox/js/colorbox.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/colorbox/styles/default/colorbox_style.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/image_caption/image_caption.min.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/jquery_ui_filter/accordion/jquery_ui_filter_accordion.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/responsive_menus/styles/meanMenu/jquery.meanmenu.min.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/responsive_menus/styles/meanMenu/responsive_menus_mean_menu.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/google_analytics/googleanalytics.js?sn7if4"></script> <script src="https://www.googletagmanager.com/gtag/js?id=UA-46038664-1"></script> <script>window.dataLayer = window.dataLayer || [];function gtag(){dataLayer.push(arguments)};gtag("js", new Date());gtag("set", "developer_id.dMDhkMT", true);gtag("config", "UA-46038664-1", {"groups":"default","anonymize_ip":true});</script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/responsive_share_buttons/js/responsive_share_buttons.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/themes/bootstrap/js/misc/_collapse.js?v=7.97"></script> <script src="https://www.climatebonds.net/sites/all/themes/bootstrap/js/misc/_progress.js?v=7.97"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/npop/js/npop.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/npop/js/npop-ajax.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/extlink/js/extlink.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/libraries/superfish/jquery.hoverIntent.minified.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/libraries/superfish/sfsmallscreen.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/libraries/superfish/supposition.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/libraries/superfish/superfish.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/libraries/superfish/supersubs.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/modules/contrib/superfish/superfish.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/themes/climatebonds/js/civicrm.local.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/themes/climatebonds/js/jquery.cycle2.min.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/themes/climatebonds/js/jquery.cycle2.swipe.min.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/themes/climatebonds/js/video-slider.js?sn7if4"></script> <script src="https://www.climatebonds.net/sites/all/themes/bootstrap/js/misc/ajax.js?sn7if4"></script> <script>jQuery.extend(Drupal.settings, {"basePath":"\/","pathPrefix":"","setHasJsCookie":0,"ajaxPageState":{"theme":"climatebonds","theme_token":"KbR-ynr43jB0NiP4ym6YHdQBEaSRxM1-uQ-UixMm3Rs","jquery_version":"2.1","jquery_version_token":"DaGsTRThIbLNPArQy20c8F4XqAwdr0D_AADnttj0piM","js":{"0":1,"":1,"sites\/all\/themes\/bootstrap\/js\/bootstrap.js":1,"sites\/all\/modules\/contrib\/jquery_update\/replace\/jquery\/2.2\/jquery.min.js":1,"misc\/jquery-extend-3.4.0.js":1,"misc\/jquery-html-prefilter-3.5.0-backport.js":1,"misc\/jquery.once.js":1,"misc\/drupal.js":1,"sites\/all\/modules\/contrib\/jquery_update\/js\/jquery_browser.js":1,"sites\/all\/modules\/contrib\/jquery_update\/replace\/ui\/ui\/minified\/jquery.ui.core.min.js":1,"sites\/all\/modules\/contrib\/jquery_update\/replace\/ui\/ui\/minified\/jquery.ui.widget.min.js":1,"sites\/all\/libraries\/c3\/c3.min.js":1,"sites\/all\/libraries\/d3\/d3.min.js":1,"sites\/all\/libraries\/nouislider\/nouislider.min.js":1,"sites\/all\/modules\/contrib\/jquery_update\/replace\/ui\/ui\/minified\/jquery.ui.accordion.min.js":1,"misc\/form.js":1,"misc\/ajax.js":1,"sites\/all\/modules\/contrib\/jquery_update\/js\/jquery_update.js":1,"https:\/\/cdn.jsdelivr.net\/npm\/bootstrap@3.3.7\/dist\/js\/bootstrap.js":1,"sites\/all\/modules\/contrib\/jquery_ui_filter\/jquery_ui_filter.js":1,"sites\/all\/modules\/custom\/cbiemailform\/js\/cbiemailform.js":1,"sites\/all\/modules\/contrib\/entityreference\/js\/entityreference.js":1,"sites\/all\/modules\/contrib\/cleantalk\/src\/js\/apbct-public.js":1,"sites\/all\/libraries\/colorbox\/jquery.colorbox-min.js":1,"sites\/all\/modules\/contrib\/colorbox\/js\/colorbox.js":1,"sites\/all\/modules\/contrib\/colorbox\/styles\/default\/colorbox_style.js":1,"sites\/all\/modules\/contrib\/image_caption\/image_caption.min.js":1,"sites\/all\/modules\/contrib\/jquery_ui_filter\/accordion\/jquery_ui_filter_accordion.js":1,"sites\/all\/modules\/contrib\/responsive_menus\/styles\/meanMenu\/jquery.meanmenu.min.js":1,"sites\/all\/modules\/contrib\/responsive_menus\/styles\/meanMenu\/responsive_menus_mean_menu.js":1,"sites\/all\/modules\/contrib\/google_analytics\/googleanalytics.js":1,"https:\/\/www.googletagmanager.com\/gtag\/js?id=UA-46038664-1":1,"1":1,"sites\/all\/modules\/contrib\/responsive_share_buttons\/js\/responsive_share_buttons.js":1,"sites\/all\/themes\/bootstrap\/js\/misc\/_collapse.js":1,"sites\/all\/themes\/bootstrap\/js\/misc\/_progress.js":1,"sites\/all\/modules\/contrib\/npop\/js\/npop.js":1,"sites\/all\/modules\/contrib\/npop\/js\/npop-ajax.js":1,"sites\/all\/modules\/contrib\/extlink\/js\/extlink.js":1,"sites\/all\/libraries\/superfish\/jquery.hoverIntent.minified.js":1,"sites\/all\/libraries\/superfish\/sfsmallscreen.js":1,"sites\/all\/libraries\/superfish\/supposition.js":1,"sites\/all\/libraries\/superfish\/superfish.js":1,"sites\/all\/libraries\/superfish\/supersubs.js":1,"sites\/all\/modules\/contrib\/superfish\/superfish.js":1,"sites\/all\/themes\/climatebonds\/js\/civicrm.local.js":1,"sites\/all\/themes\/climatebonds\/js\/jquery.cycle2.min.js":1,"sites\/all\/themes\/climatebonds\/js\/jquery.cycle2.swipe.min.js":1,"sites\/all\/themes\/climatebonds\/js\/video-slider.js":1,"sites\/all\/themes\/bootstrap\/js\/misc\/ajax.js":1},"css":{"modules\/system\/system.base.css":1,"sites\/all\/libraries\/nouislider\/nouislider.min.css":1,"sites\/all\/libraries\/c3\/c3.min.css":1,"misc\/ui\/jquery.ui.core.css":1,"misc\/ui\/jquery.ui.theme.css":1,"misc\/ui\/jquery.ui.accordion.css":1,"sites\/all\/modules\/custom\/bonds_graph\/css\/bonds_graph.css":1,"sites\/all\/modules\/custom\/bonds_thermometer\/css\/bonds_thermometer.css":1,"sites\/all\/modules\/contrib\/calendar\/css\/calendar_multiday.css":1,"sites\/all\/modules\/custom\/cbiemailform\/styles\/cbiemailform.css":1,"sites\/all\/modules\/custom\/cbipartners\/js\/node_modules\/font-awesome\/css\/font-awesome.min.css":1,"sites\/all\/modules\/custom\/cbipartners\/js\/node_modules\/angular-material\/angular-material.min.css":1,"sites\/all\/modules\/custom\/cbipartners\/js\/node_modules\/angular-loading-bar\/build\/loading-bar.css":1,"sites\/all\/modules\/custom\/cbipartners\/js\/node_modules\/ng-table\/bundles\/ng-table.css":1,"sites\/all\/modules\/custom\/cbipartners\/js\/ng-scrollable-master\/min\/ng-scrollable.min.css":1,"sites\/all\/modules\/custom\/cbipartners\/js\/node_modules\/chart.js\/dist\/Chart.css":1,"sites\/all\/modules\/custom\/cbipartners\/styles\/cbi_partners.css":1,"sites\/all\/modules\/custom\/cbi_market_data\/styles\/cbi_market_data.css":1,"modules\/field\/theme\/field.css":1,"sites\/all\/modules\/contrib\/logintoboggan\/logintoboggan.css":1,"modules\/node\/node.css":1,"sites\/all\/modules\/contrib\/views\/css\/views.css":1,"sites\/all\/modules\/contrib\/youtube\/css\/youtube.css":1,"sites\/all\/modules\/contrib\/extlink\/css\/extlink.css":1,"sites\/all\/modules\/custom\/bonds_graph\/css\/graph.css":1,"sites\/all\/modules\/contrib\/ckeditor\/ckeditor.css":1,"sites\/all\/modules\/contrib\/colorbox\/styles\/default\/colorbox_style.css":1,"sites\/all\/modules\/contrib\/ctools\/css\/ctools.css":1,"sites\/all\/modules\/contrib\/panels\/css\/panels.css":1,"sites\/all\/modules\/contrib\/tagclouds\/tagclouds.css":1,"sites\/all\/modules\/contrib\/responsive_menus\/styles\/meanMenu\/meanmenu.min.css":1,"sites\/all\/modules\/civicrm\/css\/crm-i.css":1,"sites\/all\/modules\/civicrm\/css\/civicrm.css":1,"sites\/all\/modules\/contrib\/responsive_share_buttons\/css\/responsive_share_buttons.css":1,"sites\/all\/modules\/contrib\/npop\/css\/animations.css":1,"sites\/all\/libraries\/superfish\/css\/superfish.css":1,"https:\/\/cdn.jsdelivr.net\/npm\/bootstrap@3.3.7\/dist\/css\/bootstrap.min.css":1,"https:\/\/cdn.jsdelivr.net\/npm\/@unicorn-fail\/drupal-bootstrap-styles@0.0.2\/dist\/3.3.1\/7.x-3.x\/drupal-bootstrap.min.css":1,"sites\/all\/themes\/climatebonds\/css\/editing.css":1,"sites\/all\/themes\/climatebonds\/css\/style.css":1,"sites\/all\/themes\/climatebonds\/css\/local.css":1,"sites\/all\/themes\/climatebonds\/css\/civicrm.local.css":1,"sites\/all\/themes\/climatebonds\/css\/fonts.css":1,"sites\/all\/themes\/climatebonds\/css\/sftheme.css":1,"sites\/all\/themes\/climatebonds\/css\/superfish.css":1,"sites\/all\/themes\/climatebonds\/css\/slick.css":1,"sites\/all\/themes\/climatebonds\/css\/meanmenu.css":1,"sites\/all\/themes\/climatebonds\/css\/chyron.css":1,"sites\/all\/themes\/climatebonds\/css\/resilience.css":1,"sites\/all\/themes\/climatebonds\/css\/video-slider.css":1,"sites\/all\/themes\/climatebonds\/css\/fast-track-certification.css":1}},"colorbox":{"opacity":"0.85","current":"{current} of {total}","previous":"\u00ab Prev","next":"Next \u00bb","close":"Close","maxWidth":"98%","maxHeight":"98%","fixed":true,"mobiledetect":true,"mobiledevicewidth":"480px","file_public_path":"\/files","specificPagesDefaultValue":"admin*\nimagebrowser*\nimg_assist*\nimce*\nnode\/add\/*\nnode\/*\/edit\nprint\/*\nprintpdf\/*\nsystem\/ajax\nsystem\/ajax\/*"},"jQueryUiFilter":{"disabled":0,"accordionHeaderTag":"h3","accordionOptions":{"active":0,"animated":"slide","autoHeight":"true","clearStyle":"false","collapsible":"false","event":"click","scrollTo":0,"history":"false"}},"better_exposed_filters":{"views":{"videos":{"displays":{"block_3":{"filters":[]}}}}},"responsive_menus":[{"selectors":".main-menu","container":"body","trigger_txt":"\u003Cspan \/\u003E\u003Cspan \/\u003E\u003Cspan \/\u003E","close_txt":"X","close_size":"18px","position":"right","media_size":"480","show_children":"1","expand_children":"1","expand_txt":"+","contract_txt":"-","remove_attrs":"1","responsive_menus_style":"mean_menu"}],"googleanalytics":{"account":["UA-46038664-1"],"trackOutbound":1,"trackMailto":1,"trackDownload":1,"trackDownloadExtensions":"7z|aac|arc|arj|asf|asx|avi|bin|csv|doc(x|m)?|dot(x|m)?|exe|flv|gif|gz|gzip|hqx|jar|jpe?g|js|mp(2|3|4|e?g)|mov(ie)?|msi|msp|pdf|phps|png|ppt(x|m)?|pot(x|m)?|pps(x|m)?|ppam|sld(x|m)?|thmx|qtm?|ra(m|r)?|sea|sit|tar|tgz|torrent|txt|wav|wma|wmv|wpd|xls(x|m|b)?|xlt(x|m)|xlam|xml|z|zip","trackColorbox":1},"urlIsAjaxTrusted":{"\/adaptation-and-resilience":true},"superfish":{"1":{"id":"1","sf":{"animation":{"opacity":"show"},"speed":"\u0027fast\u0027","autoArrows":true,"dropShadows":false,"disableHI":false},"plugins":{"smallscreen":{"mode":"window_width","addSelected":false,"menuClasses":false,"hyperlinkClasses":false,"title":"Main menu"},"supposition":true,"bgiframe":false,"supersubs":{"minWidth":"12","maxWidth":"27","extraWidth":1}}}},"npop_overlay_close":true,"extlink":{"extTarget":"_blank","extClass":"ext","extLabel":"(link is external)","extImgClass":0,"extIconPlacement":"append","extSubdomains":1,"extExclude":"(twitter\\.com)|(linkedin\\.com)|(youtube\\.com)|(plus.google\\.com)","extInclude":"","extCssExclude":"","extCssExplicit":"","extAlert":0,"extAlertText":"This link will take you to an external web site.","mailtoClass":"mailto","mailtoLabel":"(link sends e-mail)","extUseFontAwesome":false},"bootstrap":{"anchorsFix":"0","anchorsSmoothScrolling":"0","formHasError":1,"popoverEnabled":1,"popoverOptions":{"animation":1,"html":0,"placement":"right","selector":"","trigger":"click","triggerAutoclose":1,"title":"","content":"","delay":0,"container":"body"},"tooltipEnabled":1,"tooltipOptions":{"animation":1,"html":0,"placement":"auto left","selector":"","trigger":"hover focus","delay":0,"container":"body"}}});</script> </head> <body class="html not-front not-logged-in one-sidebar sidebar-first page-node page-node- page-node-35203 node-type-page"> <div id="skip-link"> <a href="#main-content" class="element-invisible element-focusable">Skip to main content</a> </div> <div id="share-wrapper"> <ul class="share-inner-wrp">  <li class="facebook button-wrap"><a href="#">Facebook</a></li>  <li class="twitter button-wrap"><a href="#">Tweet</a></li>     </ul> </div> <div id="wrapper"> <header id="navbar" role="banner" class="navbar navbar-inverse"> <div class="container"> <div class="row"> <div class="navbar-header"> <div class="logo-row"> <div class="home-logo"> <a class="logo navbar-btn pull-left" href="/" title="Home"> <img class="img-responsive" src="https://www.climatebonds.net/sites/all/themes/climatebonds/logo.svg" alt="Home"/> </a> </div> <div class="search-container"> <ul class="menu nav navbar-nav secondary"><li class="first last leaf"><a href="/user/login?current=node/35203" title="">Partner Login</a></li> </ul> <div class="region region-search"> <section id="block-search-form" class="block block-search clearfix"> <form class="form-search content-search" action="/adaptation-and-resilience" method="post" id="search-block-form" accept-charset="UTF-8"><div><div> <h2 class="element-invisible">Search form</h2> <div class="input-group"><input title="Enter the terms you wish to search for." placeholder="Search" class="form-control form-text" type="text" id="edit-search-block-form--2" name="search_block_form" value="" size="15" maxlength="128" /><span class="input-group-btn"><button type="submit" class="btn btn-primary"><span class="icon glyphicon glyphicon-search" aria-hidden="true"></span> </button></span></div><div class="form-actions form-wrapper form-group" id="edit-actions"><button class="element-invisible btn btn-primary form-submit" type="submit" id="edit-submit" name="op" value="Search">Search</button> </div><input type="hidden" name="form_build_id" value="form-_oNdDRaIl83v_oIRLeZSu50jaFkhKH46AMrdvVCsRBM" /> <input type="hidden" name="form_id" value="search_block_form" /> </div> </div></form> </section> </div> <div class="region region-language"> <section id="block-block-52" class="block block-block lang-switch clearfix"> <div class="lang-inner"><a href="http://www.climatebonds.net">EN</a> <span>|</span> <a href="http://cn.climatebonds.net">中文</a></div> </section> </div> </div> </div> <div class="navigation-row"> <div class="navbar-collapse collapse"> <nav role="navigation"> <div class="region region-navigation"> <section id="block-superfish-1" class="block block-superfish main-menu clearfix"> <ul id="superfish-1" class="menu sf-menu sf-main-menu sf-horizontal sf-style-none sf-total-items-13 sf-parent-items-10 sf-single-items-3"><li id="menu-218-1" class="first odd sf-item-1 sf-depth-1 sf-no-children"><a href="/" class="sf-depth-1">Home</a></li><li id="menu-689-1" class="middle even sf-item-2 sf-depth-1 sf-total-children-11 sf-parent-children-1 sf-single-children-10 menuparent"><a href="/about" class="sf-depth-1 menuparent">About</a><ul><li id="menu-3584-1" class="first odd sf-item-1 sf-depth-2 sf-no-children"><a href="/about/what-we-do" class="sf-depth-2">What We Do</a></li><li id="menu-3433-1" class="middle even sf-item-2 sf-depth-2 sf-no-children"><a href="/about/five-five-manifesto" class="sf-depth-2">5 by 5 Manifesto</a></li><li id="menu-844-1" class="middle odd sf-item-3 sf-depth-2 sf-no-children"><a href="/about/advisory-panel" class="sf-depth-2">Advisory Panel</a></li><li id="menu-692-1" class="middle even sf-item-4 sf-depth-2 sf-no-children"><a href="/get-involved" class="sf-depth-2">Get Involved</a></li><li id="menu-696-1" class="middle odd sf-item-5 sf-depth-2 sf-no-children"><a href="/about/funders" class="sf-depth-2">Our Funders</a></li><li id="menu-698-1" class="middle even sf-item-6 sf-depth-2 sf-no-children"><a href="/about/trustees" class="sf-depth-2">Trustees</a></li><li id="menu-694-1" class="middle odd sf-item-7 sf-depth-2 sf-no-children"><a href="/contact" class="sf-depth-2">Contact</a></li><li id="menu-2403-1" class="middle even sf-item-8 sf-depth-2 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="/about/team" class="sf-depth-2 menuparent">The Team</a><ul><li id="menu-1216-1" class="firstandlast odd sf-item-1 sf-depth-3 sf-no-children"><a href="/about/speakers-bureau/sean-kidney" class="sf-depth-3">Sean Kidney CEO</a></li></ul></li><li id="menu-1117-1" class="middle odd sf-item-9 sf-depth-2 sf-no-children"><a href="/get-involved/donate" class="sf-depth-2">Donate</a></li><li id="menu-2480-1" class="middle even sf-item-10 sf-depth-2 sf-no-children"><a href="/jobs" class="sf-depth-2">Careers</a></li><li id="menu-1074-1" class="last odd sf-item-11 sf-depth-2 sf-no-children"><a href="/get-involved/funding-opportunities" class="sf-depth-2">Funding Opportunities</a></li></ul></li><li id="menu-835-1" class="active-trail middle odd sf-item-3 sf-depth-1 sf-total-children-5 sf-parent-children-3 sf-single-children-2 menuparent"><a href="https://www.climatebonds.net/standard/the-standard" title="" class="sf-depth-1 menuparent">Standard</a><ul><li id="menu-2229-1" class="first odd sf-item-1 sf-depth-2 sf-total-children-5 sf-parent-children-0 sf-single-children-5 menuparent"><a href="https://www.climatebonds.net/standard/the-standard" title="" class="sf-depth-2 menuparent">The Standard</a><ul><li id="menu-3663-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/climate-bonds-standard-v42" class="sf-depth-3">Climate Bonds Standard V4.2</a></li><li id="menu-3624-1" class="middle even sf-item-2 sf-depth-3 sf-no-children"><a href="/standard/climate-bonds-standard-41" class="sf-depth-3">Climate Bonds Standard V4.1</a></li><li id="menu-3574-1" class="middle odd sf-item-3 sf-depth-3 sf-no-children"><a href="/climate-bonds-standard-v4" class="sf-depth-3">Climate Bonds Standard V4.0</a></li><li id="menu-1775-1" class="middle even sf-item-4 sf-depth-3 sf-no-children"><a href="/climate-bonds-standard-v3" class="sf-depth-3">Climate Bonds Standard V3.0</a></li><li id="menu-3575-1" class="last odd sf-item-5 sf-depth-3 sf-no-children"><a href="/climate-bonds-standard-v21-0" class="sf-depth-3">Climate Bonds Standard V2.1</a></li></ul></li><li id="menu-1185-1" class="middle even sf-item-2 sf-depth-2 sf-no-children"><a href="/standard/taxonomy" class="sf-depth-2">Climate Bonds Taxonomy</a></li><li id="menu-1378-1" class="active-trail middle odd sf-item-3 sf-depth-2 sf-total-children-4 sf-parent-children-3 sf-single-children-1 menuparent"><a href="/standard/sector-criteria" class="sf-depth-2 menuparent">Sector Criteria</a><ul><li id="menu-1150-1" class="first odd sf-item-1 sf-depth-3 sf-total-children-21 sf-parent-children-1 sf-single-children-20 menuparent"><a href="/standard/available" class="sf-depth-3 menuparent">Sector Criteria Available for Certification</a><ul><li id="menu-3573-1" class="first odd sf-item-1 sf-depth-4 sf-no-children"><a href="/standard/crop-livestock-criteria" class="sf-depth-4">Agriculture Production</a></li><li id="menu-1669-1" class="middle even sf-item-2 sf-depth-4 sf-no-children"><a href="/standard/protected-agriculture" class="sf-depth-4">Protected Agriculture</a></li><li id="menu-2792-1" class="middle odd sf-item-3 sf-depth-4 sf-no-children"><a href="/standard/basic-chemicals" class="sf-depth-4">Basic Chemicals</a></li><li id="menu-1170-1" class="middle even sf-item-4 sf-depth-4 sf-no-children"><a href="/standard/bioenergy" title="Bioenergy" class="sf-depth-4">Bioenergy</a></li><li id="menu-1163-1" class="middle odd sf-item-5 sf-depth-4 sf-total-children-3 sf-parent-children-0 sf-single-children-3 menuparent"><a href="/standard/buildings" title="Buildings" class="sf-depth-4 menuparent">Buildings</a><ul><li id="menu-3531-1" class="first odd sf-item-1 sf-depth-5 sf-no-children"><a href="/standard/buildings/european-city-trajectories" class="sf-depth-5">European City Trajectories</a></li><li id="menu-1734-1" class="middle even sf-item-2 sf-depth-5 sf-no-children"><a href="/standard/buildings/commercial/calculator" class="sf-depth-5">Location Specific Criteria for Commercial Buildings</a></li><li id="menu-1735-1" class="last odd sf-item-3 sf-depth-5 sf-no-children"><a href="/standard/buildings/residential/calculator" class="sf-depth-5">Location Specific Criteria for Residential Buildings & Calculator</a></li></ul></li><li id="menu-2791-1" class="middle even sf-item-6 sf-depth-4 sf-no-children"><a href="/standard/cement" class="sf-depth-4">Cement</a></li><li id="menu-3572-1" class="middle odd sf-item-7 sf-depth-4 sf-no-children"><a href="/standard/deforestation-and-conversion-free-criteria" class="sf-depth-4">Deforestation and Conversion Free Sourcing</a></li><li id="menu-2096-1" class="middle even sf-item-8 sf-depth-4 sf-no-children"><a href="/standard/electrical-grids-and-storage" class="sf-depth-4">Electrical Grids and Storage</a></li><li id="menu-3607-1" class="middle odd sf-item-9 sf-depth-4 sf-no-children"><a href="/standard/electricity-utilities" class="sf-depth-4">Electrical Utilities</a></li><li id="menu-1167-1" class="middle even sf-item-10 sf-depth-4 sf-no-children"><a href="/standard/transport" title="Land Transport" class="sf-depth-4">Low Carbon Transport</a></li><li id="menu-2802-1" class="middle odd sf-item-11 sf-depth-4 sf-no-children"><a href="/standard/forestry" class="sf-depth-4">Forestry, Land Conservation and Restoration</a></li><li id="menu-1286-1" class="middle even sf-item-12 sf-depth-4 sf-no-children"><a href="/standard/geothermal" title="geothermal energy" class="sf-depth-4">Geothermal Energy</a></li><li id="menu-3138-1" class="middle odd sf-item-13 sf-depth-4 sf-no-children"><a href="/standard/hydrogen-production" class="sf-depth-4">Hydrogen</a></li><li id="menu-1372-1" class="middle even sf-item-14 sf-depth-4 sf-no-children"><a href="/standard/hydropower" class="sf-depth-4">Hydropower</a></li><li id="menu-1348-1" class="middle odd sf-item-15 sf-depth-4 sf-no-children"><a href="/standard/marine" class="sf-depth-4">Marine Renewable Energy</a></li><li id="menu-1695-1" class="middle even sf-item-16 sf-depth-4 sf-no-children"><a href="/standard/shipping" class="sf-depth-4">Shipping</a></li><li id="menu-1161-1" class="middle odd sf-item-17 sf-depth-4 sf-no-children"><a href="/standard/solar" class="sf-depth-4">Solar Energy</a></li><li id="menu-2790-1" class="middle even sf-item-18 sf-depth-4 sf-no-children"><a href="/standard/Steel" class="sf-depth-4">Steel</a></li><li id="menu-1409-1" class="middle odd sf-item-19 sf-depth-4 sf-no-children"><a href="/standard/waste" class="sf-depth-4">Waste Management</a></li><li id="menu-1384-1" class="middle even sf-item-20 sf-depth-4 sf-no-children"><a href="/standard/water" class="sf-depth-4">Water Infrastructure</a></li><li id="menu-1162-1" class="last odd sf-item-21 sf-depth-4 sf-no-children"><a href="/standard/wind" title="Wind" class="sf-depth-4">Wind Energy</a></li></ul></li><li id="menu-1169-1" class="middle even sf-item-2 sf-depth-3 sf-total-children-4 sf-parent-children-0 sf-single-children-4 menuparent"><a href="/standard/available-soon" class="sf-depth-3 menuparent">Sector Criteria Currently in Development</a><ul><li id="menu-3674-1" class="first odd sf-item-1 sf-depth-4 sf-no-children"><a href="/standard/alternative-proteins" class="sf-depth-4">Alternative Proteins</a></li><li id="menu-3620-1" class="middle even sf-item-2 sf-depth-4 sf-no-children"><a href="/critical-raw-materials" class="sf-depth-4">Critical Raw Materials</a></li><li id="menu-2097-1" class="middle odd sf-item-3 sf-depth-4 sf-no-children"><a href="/standard/fisheries" class="sf-depth-4">Fisheries (not active)</a></li><li id="menu-3676-1" class="last even sf-item-4 sf-depth-4 sf-no-children"><a href="/standard/food-value-chain" class="sf-depth-4">Food Value Chain</a></li></ul></li><li id="menu-1685-1" class="active-trail middle odd sf-item-3 sf-depth-3 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="/adaptation-and-resilience" class="sf-depth-3 menuparent active">Adaptation and Resilience</a><ul><li id="menu-1737-1" class="firstandlast odd sf-item-1 sf-depth-4 sf-no-children"><a href="/climate-resilience-principles" class="sf-depth-4">Climate Resilience Principles</a></li></ul></li><li id="menu-1160-1" class="last even sf-item-4 sf-depth-3 sf-no-children"><a href="/standard/public-consultation/new" title="Public Consultation" class="sf-depth-3">Public Consultation</a></li></ul></li><li id="menu-1155-1" class="middle even sf-item-4 sf-depth-2 sf-total-children-4 sf-parent-children-0 sf-single-children-4 menuparent"><a href="/standard/governance" title="Governance" class="sf-depth-2 menuparent">Governance</a><ul><li id="menu-1156-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/standard/governance/board" class="sf-depth-3">Climate Bonds Standard Board</a></li><li id="menu-1157-1" class="middle even sf-item-2 sf-depth-3 sf-no-children"><a href="/standard/governance/scientific-framework" class="sf-depth-3">Climate Bonds Scientific Framework</a></li><li id="menu-1158-1" class="middle odd sf-item-3 sf-depth-3 sf-no-children"><a href="/standard/governance/technical-working-groups" title="Technical Working Groups" class="sf-depth-3">Technical Working Groups</a></li><li id="menu-1159-1" class="last even sf-item-4 sf-depth-3 sf-no-children"><a href="/standard/governance/industry-working-group" title="Industry Working Group" class="sf-depth-3">Industry Working Group</a></li></ul></li><li id="menu-1181-1" class="last odd sf-item-5 sf-depth-2 sf-no-children"><a href="/standard/faqs" title="FAQs" class="sf-depth-2">FAQs</a></li></ul></li><li id="menu-1422-1" class="middle even sf-item-4 sf-depth-1 sf-total-children-6 sf-parent-children-2 sf-single-children-4 menuparent"><a href="/certification" class="sf-depth-1 menuparent">Certification</a><ul><li id="menu-3577-1" class="first odd sf-item-1 sf-depth-2 sf-no-children"><a href="/certification" title="" class="sf-depth-2">About Certification</a></li><li id="menu-1688-1" class="middle even sf-item-2 sf-depth-2 sf-total-children-5 sf-parent-children-0 sf-single-children-5 menuparent"><a href="/certification/get-certified" class="sf-depth-2 menuparent">Get Certified</a><ul><li id="menu-3578-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/use-proceeds-uop-certification" class="sf-depth-3">Use of Proceeds (UoP) Certification</a></li><li id="menu-3579-1" class="middle even sf-item-2 sf-depth-3 sf-no-children"><a href="/certification/get-certified/entity-certification" class="sf-depth-3">Company Certification</a></li><li id="menu-3580-1" class="middle odd sf-item-3 sf-depth-3 sf-no-children"><a href="/certification/get-certified/asset-certification" class="sf-depth-3">Asset Certification</a></li><li id="menu-3581-1" class="middle even sf-item-4 sf-depth-3 sf-no-children"><a href="/certification/get-certified/sld-certification" class="sf-depth-3">Sustainability-Linked Debt Certification</a></li><li id="menu-2788-1" class="last odd sf-item-5 sf-depth-3 sf-no-children"><a href="/certification/fee-policy" class="sf-depth-3">Certification Fee Policy</a></li></ul></li><li id="menu-1727-1" class="middle odd sf-item-3 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/certification/certified-bonds" title="" class="sf-depth-2">Certified Bonds Database</a></li><li id="menu-1178-1" class="middle even sf-item-4 sf-depth-2 sf-total-children-2 sf-parent-children-1 sf-single-children-1 menuparent"><a href="https://www.climatebonds.net/certification/approved-verifier" title="" class="sf-depth-2 menuparent">Become an Approved Verifier</a><ul><li id="menu-1729-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/certification/approved-verifiers" title="" class="sf-depth-3">Approved Verifiers Directory</a></li><li id="menu-1606-1" class="last even sf-item-2 sf-depth-3 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="https://www.climatebonds.net/certification/assurance" title="Assurance" class="sf-depth-3 menuparent">Assurance & Certification</a><ul><li id="menu-3449-1" class="firstandlast odd sf-item-1 sf-depth-4 sf-no-children"><a href="/market/second-opinion" class="sf-depth-4">External Review</a></li></ul></li></ul></li><li id="menu-3547-1" class="middle odd sf-item-5 sf-depth-2 sf-no-children"><a href="/certification/sector-briefings" title="" class="sf-depth-2">Certification Sector Briefings (Brazil)</a></li><li id="menu-1948-1" class="last even sf-item-6 sf-depth-2 sf-no-children"><a href="/certification-video-resources" class="sf-depth-2">Video Resources</a></li></ul></li><li id="menu-3627-1" class="middle odd sf-item-5 sf-depth-1 sf-total-children-5 sf-parent-children-2 sf-single-children-3 menuparent"><a href="https://www.climatebonds.net/climate-finance-solutions" title="" class="sf-depth-1 menuparent">Climate Finance Solutions</a><ul><li id="menu-3638-1" class="first odd sf-item-1 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/certification/get-certified" title="" class="sf-depth-2">Certification Scheme</a></li><li id="menu-898-1" class="middle even sf-item-2 sf-depth-2 sf-total-children-2 sf-parent-children-0 sf-single-children-2 menuparent"><a href="/partnerships" class="sf-depth-2 menuparent">Partnerships</a><ul><li id="menu-724-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/partnerships/our-partners" class="sf-depth-3">Our Partners</a></li><li id="menu-1062-1" class="last even sf-item-2 sf-depth-3 sf-no-children"><a href="/partnerships/what-partners-say" class="sf-depth-3">What Partners say?</a></li></ul></li><li id="menu-3622-1" class="middle odd sf-item-3 sf-depth-2 sf-no-children"><a href="/technical-assistance-services" class="sf-depth-2">Technical Assistance Services</a></li><li id="menu-1747-1" class="middle even sf-item-4 sf-depth-2 sf-total-children-2 sf-parent-children-0 sf-single-children-2 menuparent"><a href="/training" class="sf-depth-2 menuparent">Training Academy</a><ul><li id="menu-1846-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/training/courses/foundational" class="sf-depth-3">Foundational Courses</a></li><li id="menu-3426-1" class="last even sf-item-2 sf-depth-3 sf-no-children"><a href="https://www.climatebonds.net/courses/deepdives" title="" class="sf-depth-3">Deep Dives</a></li></ul></li><li id="menu-3636-1" class="last odd sf-item-5 sf-depth-2 sf-no-children"><a href="/sustainable-bonds-due-diligence-services" class="sf-depth-2">Sustainable Bonds Due Diligence Services</a></li></ul></li><li id="menu-1040-1" class="middle even sf-item-6 sf-depth-1 sf-total-children-12 sf-parent-children-4 sf-single-children-8 menuparent"><a href="/market-intelligence" class="sf-depth-1 menuparent">Markets</a><ul><li id="menu-1388-1" class="first odd sf-item-1 sf-depth-2 sf-total-children-5 sf-parent-children-4 sf-single-children-1 menuparent"><a href="/market/country" title="" class="sf-depth-2 menuparent">Countries</a><ul><li id="menu-1389-1" class="first odd sf-item-1 sf-depth-3 sf-total-children-6 sf-parent-children-0 sf-single-children-6 menuparent"><a href="/market/country/brazil" class="sf-depth-3 menuparent">Brazil</a><ul><li id="menu-2222-1" class="first odd sf-item-1 sf-depth-4 sf-no-children"><a href="/market/country/brazil/investor-survey-agriculture" class="sf-depth-4">Brazil Agriculture Investor Survey</a></li><li id="menu-1394-1" class="middle even sf-item-2 sf-depth-4 sf-no-children"><a href="/market/country/brazil/green-finance-initiative" class="sf-depth-4">Brazil Green Finance Initiative</a></li><li id="menu-1393-1" class="middle odd sf-item-3 sf-depth-4 sf-no-children"><a href="/market/country/brasil/imprensa-media" class="sf-depth-4">Brazilian Media Coverage</a></li><li id="menu-2608-1" class="middle even sf-item-4 sf-depth-4 sf-no-children"><a href="/market/country/brazil/infrainvest" class="sf-depth-4">InfraInvest: Sustainable Infrastructure for Brazil</a></li><li id="menu-1403-1" class="middle odd sf-item-5 sf-depth-4 sf-no-children"><a href="/market/country/brazil/brazils-new-economy" class="sf-depth-4">Investor Roadshow for Brazil’s New Economy</a></li><li id="menu-1395-1" class="last even sf-item-6 sf-depth-4 sf-no-children"><a href="/market/country/brazil/investor-statement" class="sf-depth-4">Investor Statement</a></li></ul></li><li id="menu-1086-1" class="middle even sf-item-2 sf-depth-3 sf-total-children-5 sf-parent-children-0 sf-single-children-5 menuparent"><a href="/market/country/china" title="" class="sf-depth-3 menuparent">China</a><ul><li id="menu-1089-1" class="first odd sf-item-1 sf-depth-4 sf-no-children"><a 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 Definitions with the EU Sustainable Finance Taxonomy (Part 1)</a></li></ul></li><li id="menu-3625-1" class="middle odd sf-item-3 sf-depth-3 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="/market/country/japan" title="" class="sf-depth-3 menuparent">Japan/日本</a><ul><li id="menu-3628-1" class="firstandlast odd sf-item-1 sf-depth-4 sf-no-children"><a href="/resources/reports/japans-climate-transition-bond" title="" class="sf-depth-4">Briefing note</a></li></ul></li><li id="menu-2409-1" class="middle even sf-item-4 sf-depth-3 sf-no-children"><a href="/market/country/india" class="sf-depth-3">India</a></li><li id="menu-2404-1" class="last odd sf-item-5 sf-depth-3 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="/market/country/mexico" class="sf-depth-3 menuparent">Mexico</a><ul><li id="menu-2405-1" class="firstandlast odd sf-item-1 sf-depth-4 sf-no-children"><a href="/market/country/mexico/low-carbon-buildings-mexico" class="sf-depth-4">Low Carbon Buildings in Mexico</a></li></ul></li></ul></li><li id="menu-2402-1" class="middle even sf-item-2 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/market/data/" title="" class="sf-depth-2">Interactive Data Platform</a></li><li id="menu-2563-1" class="middle odd sf-item-3 sf-depth-2 sf-no-children"><a href="/market/social-sustainability-bond-database-methodology" class="sf-depth-2">Social & Sustainability Bond Dataset Methodology</a></li><li id="menu-3452-1" class="middle even sf-item-4 sf-depth-2 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="/market/SLBD" class="sf-depth-2 menuparent">Sustainability-Linked Bond Dataset Methodology</a><ul><li id="menu-3453-1" class="firstandlast odd sf-item-1 sf-depth-3 sf-no-children"><a href="/market/SLB-case-studies" class="sf-depth-3">SLB Case Studies</a></li></ul></li><li id="menu-1041-1" class="middle odd sf-item-5 sf-depth-2 sf-no-children"><a href="/cbi/pub/data/bonds" title="" class="sf-depth-2">Labelled Green Bonds Data</a></li><li id="menu-1565-1" class="middle even sf-item-6 sf-depth-2 sf-no-children"><a href="/bond-library" class="sf-depth-2">Bond Library</a></li><li id="menu-1044-1" class="middle odd sf-item-7 sf-depth-2 sf-no-children"><a href="/market/explaining-green-bonds" class="sf-depth-2">Explaining green bonds</a></li><li id="menu-1592-1" class="middle even sf-item-8 sf-depth-2 sf-no-children"><a href="/green-bond-segments-stock-exchanges" class="sf-depth-2">Stock Exchanges with Green Bond Segments</a></li><li id="menu-1595-1" class="middle odd sf-item-9 sf-depth-2 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="/data-requests" class="sf-depth-2 menuparent">Data Requests</a><ul><li id="menu-1724-1" class="firstandlast odd sf-item-1 sf-depth-3 sf-no-children"><a href="/academic-research-centre" title="Academic Research Centre" class="sf-depth-3">Academic Research Centre</a></li></ul></li><li id="menu-3432-1" class="middle even sf-item-10 sf-depth-2 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="/markets/research-partnerships" class="sf-depth-2 menuparent">Research Partnerships</a><ul><li id="menu-2219-1" class="firstandlast odd sf-item-1 sf-depth-3 sf-no-children"><a href="/markets/research-partnerships/ccif-aiib-amundi" class="sf-depth-3">AIIB-Amundi CCIF</a></li></ul></li><li id="menu-1778-1" class="middle odd sf-item-11 sf-depth-2 sf-no-children"><a href="/green-infrastructure-investment-opportunities-giio-programme" class="sf-depth-2">Green Infrastructure Investment Opportunities</a></li><li id="menu-3664-1" class="last even sf-item-12 sf-depth-2 sf-no-children"><a href="/market/green-bond-dataset-methodology" class="sf-depth-2">Green Bond Dataset Methodology</a></li></ul></li><li id="menu-703-1" class="middle odd sf-item-7 sf-depth-1 sf-total-children-3 sf-parent-children-1 sf-single-children-2 menuparent"><a href="/policy" class="sf-depth-1 menuparent">Policy</a><ul><li id="menu-3431-1" class="first odd sf-item-1 sf-depth-2 sf-no-children"><a href="/policy/101-policymakers" class="sf-depth-2">101 for Policymakers</a></li><li id="menu-1019-1" class="middle even sf-item-2 sf-depth-2 sf-no-children"><a href="/policy/policy-areas" class="sf-depth-2">Green bond policy areas</a></li><li id="menu-3427-1" class="last odd sf-item-3 sf-depth-2 sf-total-children-4 sf-parent-children-1 sf-single-children-3 menuparent"><a href="https://www.climatebonds.net/policy/transition-policy#overlay-context=policy" title="" class="sf-depth-2 menuparent">Transition Policy</a><ul><li id="menu-3059-1" class="first odd sf-item-1 sf-depth-3 sf-total-children-2 sf-parent-children-0 sf-single-children-2 menuparent"><a href="https://www.climatebonds.net/policy/fossil-gas" title="" class="sf-depth-3 menuparent">Fossil Gas</a><ul><li id="menu-3056-1" class="first odd sf-item-1 sf-depth-4 sf-no-children"><a href="/policy/fossil-gas" class="sf-depth-4">Policymakers Toolkit for Fossil Gas</a></li><li id="menu-3137-1" class="last even sf-item-2 sf-depth-4 sf-no-children"><a href="/policy/fossil-gas-paper" class="sf-depth-4">Accelerating the Fossil Gas Transition to Net Zero</a></li></ul></li><li id="menu-3451-1" class="middle even sf-item-2 sf-depth-3 sf-no-children"><a href="/policy/steel-industry" class="sf-depth-3">Steel Industry</a></li><li id="menu-3618-1" class="middle odd sf-item-3 sf-depth-3 sf-no-children"><a href="https://www.climatebonds.net/resources/reports/12-policies-unlock-deep-decarbonisation" title="" class="sf-depth-3">12 Policies for Transition Finance</a></li><li id="menu-3583-1" class="last even sf-item-4 sf-depth-3 sf-no-children"><a href="https://www.climatebonds.net/policy/cement" title="" class="sf-depth-3">Cement Industry</a></li></ul></li></ul></li><li id="menu-3615-1" class="middle even sf-item-8 sf-depth-1 sf-no-children"><a href="/taxonomy" class="sf-depth-1">Taxonomy</a></li><li id="menu-2065-1" class="middle odd sf-item-9 sf-depth-1 sf-total-children-6 sf-parent-children-2 sf-single-children-4 menuparent"><a href="https://www.climatebonds.net/transition-finance-home" title="" class="sf-depth-1 menuparent">Transition Finance</a><ul><li id="menu-3430-1" class="first odd sf-item-1 sf-depth-2 sf-total-children-3 sf-parent-children-0 sf-single-children-3 menuparent"><a href="/transition-finance/agri-food-transitions" class="sf-depth-2 menuparent">Agri-Food Systems</a><ul><li id="menu-3544-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/transition-finance-home/agri-food-advisory-group" class="sf-depth-3">Agri-food Criteria Advisory Group</a></li><li id="menu-3548-1" class="middle even sf-item-2 sf-depth-3 sf-no-children"><a href="/transition-finance/agri-newsletters" class="sf-depth-3">Newsletters</a></li><li id="menu-3545-1" class="last odd sf-item-3 sf-depth-3 sf-no-children"><a href="/transition-finance-home/agri-food-transition-programme" class="sf-depth-3">Programme</a></li></ul></li><li id="menu-3672-1" class="middle even sf-item-2 sf-depth-2 sf-no-children"><a href="/transition-finance/built-environment" class="sf-depth-2">Built Environment</a></li><li id="menu-3671-1" class="middle odd sf-item-3 sf-depth-2 sf-no-children"><a href="/transition-finance/energy" class="sf-depth-2">Energy</a></li><li id="menu-3670-1" class="middle even sf-item-4 sf-depth-2 sf-no-children"><a href="/transition-finance/industry" class="sf-depth-2">Industry</a></li><li id="menu-3616-1" class="middle odd sf-item-5 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/policy/transition-policy" title="" class="sf-depth-2">Transition Policy</a></li><li id="menu-2801-1" class="last even sf-item-6 sf-depth-2 sf-total-children-4 sf-parent-children-1 sf-single-children-3 menuparent"><a href="https://www.climatebonds.net/frameworks-assess-transition" title="" class="sf-depth-2 menuparent">Frameworks to Assess Transition</a><ul><li id="menu-2218-1" class="first odd sf-item-1 sf-depth-3 sf-total-children-5 sf-parent-children-0 sf-single-children-5 menuparent"><a href="/transition-finance/fin-credible-transitions" class="sf-depth-3 menuparent">Financing Credible Transitions</a><ul><li id="menu-3450-1" class="first odd sf-item-1 sf-depth-4 sf-no-children"><a href="/transition-finance" class="sf-depth-4">The Opportunity for transition Finance</a></li><li id="menu-2412-1" class="middle even sf-item-2 sf-depth-4 sf-no-children"><a href="/principles-transition" class="sf-depth-4">Principles for Transition</a></li><li id="menu-2410-1" class="middle odd sf-item-3 sf-depth-4 sf-no-children"><a href="/transition-finance/entities" class="sf-depth-4">Transition for entities</a></li><li id="menu-2411-1" class="middle even sf-item-4 sf-depth-4 sf-no-children"><a href="/transition-finance/activities" class="sf-depth-4">Transition for activities</a></li><li id="menu-2413-1" class="last odd sf-item-5 sf-depth-4 sf-no-children"><a href="/resources-0" class="sf-depth-4">Resources</a></li></ul></li><li id="menu-3623-1" class="middle even sf-item-2 sf-depth-3 sf-no-children"><a href="/transition-finance/mapping" class="sf-depth-3">Transition Finance Consensus Mapping</a></li><li id="menu-3665-1" class="middle odd sf-item-3 sf-depth-3 sf-no-children"><a href="https://www.climatebonds.net/corporate-climate-transition" title="" class="sf-depth-3">Financing the Corporate Climate Transition with Bonds</a></li><li id="menu-3667-1" class="last even sf-item-4 sf-depth-3 sf-no-children"><a href="https://www.climatebonds.net/markets/research-partnerships/ccif-aiib-amundi" title="" class="sf-depth-3">Companies and Climate Change: AIIB-Amundi Climate Change Investment Framework</a></li></ul></li></ul></li><li id="menu-3635-1" class="middle even sf-item-10 sf-depth-1 sf-total-children-4 sf-parent-children-0 sf-single-children-4 menuparent"><a href="/resilience" class="sf-depth-1 menuparent">Climate Bonds Resilience Programme</a><ul><li id="menu-3630-1" class="first odd sf-item-1 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/climate-resilience-principles" title="" class="sf-depth-2">Climate Resilience Principles</a></li><li id="menu-3631-1" class="middle even sf-item-2 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/files/reports/climate_resilience_programme_brief_v2.pdf" title="" class="sf-depth-2">Climate Bonds Resilience Programme Brief</a></li><li id="menu-3632-1" class="middle odd sf-item-3 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/resources/reports/resilience-taxonomy-white-paper#overlay-context=" title="" class="sf-depth-2">Resilience Taxonomy White Paper</a></li><li id="menu-3633-1" class="last even sf-item-4 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/2024/02/closing-resilience-financing-gap#" title="" class="sf-depth-2">Resilience Taxonomy Advisory Group</a></li></ul></li><li id="menu-693-1" class="middle odd sf-item-11 sf-depth-1 sf-total-children-3 sf-parent-children-1 sf-single-children-2 menuparent"><a href="/resources" class="sf-depth-1 menuparent">Resources</a><ul><li id="menu-1435-1" class="first odd sf-item-1 sf-depth-2 sf-no-children"><a href="/publications.html" class="sf-depth-2">Reports</a></li><li id="menu-1693-1" class="middle even sf-item-2 sf-depth-2 sf-no-children"><a href="/resources/press-releases" class="sf-depth-2">Press Releases</a></li><li id="menu-1391-1" class="last odd sf-item-3 sf-depth-2 sf-total-children-4 sf-parent-children-0 sf-single-children-4 menuparent"><a href="/newsletters" title="" class="sf-depth-2 menuparent">Old Archives</a><ul><li id="menu-1392-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/newsletter/china" class="sf-depth-3">China quarterly report</a></li><li id="menu-996-1" class="middle even sf-item-2 sf-depth-3 sf-no-children"><a href="/resources/league-table" class="sf-depth-3">Underwriters League Table</a></li><li id="menu-1591-1" class="middle odd sf-item-3 sf-depth-3 sf-no-children"><a href="/market-blogs-archive" class="sf-depth-3">Market Blogs Archive</a></li><li id="menu-1406-1" class="last even sf-item-4 sf-depth-3 sf-no-children"><a href="/newsletter/standardandcertification" title="" class="sf-depth-3">Standard & Certification Newsletter Archive</a></li></ul></li></ul></li><li id="menu-1364-1" class="middle even sf-item-12 sf-depth-1 sf-total-children-5 sf-parent-children-1 sf-single-children-4 menuparent"><a href="/climate-bonds-connected" class="sf-depth-1 menuparent">Get Connected</a><ul><li id="menu-565-1" class="first odd sf-item-1 sf-depth-2 sf-total-children-2 sf-parent-children-1 sf-single-children-1 menuparent"><a href="/blog" title="" class="sf-depth-2 menuparent">Blog</a><ul><li id="menu-1636-1" class="first odd sf-item-1 sf-depth-3 sf-no-children"><a href="/blog/subscribe" class="sf-depth-3">Subscribe</a></li><li id="menu-1643-1" class="last even sf-item-2 sf-depth-3 sf-total-children-1 sf-parent-children-0 sf-single-children-1 menuparent"><a href="/about/general" class="sf-depth-3 menuparent">GDPR</a><ul><li id="menu-1644-1" class="firstandlast odd sf-item-1 sf-depth-4 sf-no-children"><a href="/about/general/confirm" class="sf-depth-4">Confirm</a></li></ul></li></ul></li><li id="menu-1951-1" class="middle even sf-item-2 sf-depth-2 sf-no-children"><a href="https://www.climatebonds.net/webinars" title="" class="sf-depth-2">Webinars</a></li><li id="menu-2232-1" class="middle odd sf-item-3 sf-depth-2 sf-no-children"><a href="/podcasts" class="sf-depth-2">Podcasts</a></li><li id="menu-1739-1" class="middle even sf-item-4 sf-depth-2 sf-no-children"><a href="/events" class="sf-depth-2">Online & In-Person Events</a></li><li id="menu-1235-1" class="last odd sf-item-5 sf-depth-2 sf-no-children"><a href="/resources/videos" title="" class="sf-depth-2">Videos</a></li></ul></li><li id="menu-1738-1" class="last odd sf-item-13 sf-depth-1 sf-no-children"><a href="https://events.climatebonds.net" title="" class="sf-depth-1">Events</a></li></ul> </section> </div> </nav> </div> </div> </div> </div> </div> </header> <div class="row"> <div class="container-fluid" id="slider"> <div class="row"> <div class="col-xs-12 col-sm-12 col-md-12 col-lg-12"> </div> </div> </div> </div> <div class="main-container container" id="content"> <header role="banner" id="page-header"> </header>  <div class="row"> <aside class="col-xs-12 col-sm-12 col-md-3" role="complementary"> <div class="region region-sidebar-first well"> <section id="block-menu-block-1" class="block block-menu-block sidebar-menu clearfix"> <div class="menu-block-wrapper menu-block-1 menu-name-main-menu parent-mlid-0 menu-level-2"> <ul class="menu nav"><li class="first expanded menu-mlid-2229"><a href="https://www.climatebonds.net/standard/the-standard" title="">The Standard</a><ul class="menu nav"><li class="first leaf menu-mlid-3663"><a href="/climate-bonds-standard-v42">Climate Bonds Standard V4.2</a></li> <li class="leaf menu-mlid-3624"><a href="/standard/climate-bonds-standard-41">Climate Bonds Standard V4.1</a></li> <li class="leaf menu-mlid-3574"><a href="/climate-bonds-standard-v4">Climate Bonds Standard V4.0</a></li> <li class="leaf menu-mlid-1775"><a href="/climate-bonds-standard-v3">Climate Bonds Standard V3.0</a></li> <li class="last leaf menu-mlid-3575"><a href="/climate-bonds-standard-v21-0">Climate Bonds Standard V2.1</a></li> </ul></li> <li class="leaf menu-mlid-1185"><a href="/standard/taxonomy">Climate Bonds Taxonomy</a></li> <li class="expanded active-trail menu-mlid-1378 active"><a href="/standard/sector-criteria" class="active-trail">Sector Criteria</a><ul class="menu nav"><li class="first expanded menu-mlid-1150"><a href="/standard/available">Sector Criteria Available for Certification</a><ul class="menu nav"><li class="first leaf menu-mlid-3573"><a href="/standard/crop-livestock-criteria">Agriculture Production</a></li> <li class="leaf menu-mlid-1669"><a href="/standard/protected-agriculture">Protected Agriculture</a></li> <li class="leaf menu-mlid-2792"><a href="/standard/basic-chemicals">Basic Chemicals</a></li> <li class="leaf menu-mlid-1170"><a href="/standard/bioenergy" title="Bioenergy">Bioenergy</a></li> <li class="collapsed menu-mlid-1163"><a href="/standard/buildings" title="Buildings">Buildings</a></li> <li class="leaf menu-mlid-2791"><a href="/standard/cement">Cement</a></li> <li class="leaf menu-mlid-3572"><a href="/standard/deforestation-and-conversion-free-criteria">Deforestation and Conversion Free Sourcing</a></li> <li class="leaf menu-mlid-2096"><a href="/standard/electrical-grids-and-storage">Electrical Grids and Storage</a></li> <li class="leaf menu-mlid-3607"><a href="/standard/electricity-utilities">Electrical Utilities</a></li> <li class="leaf menu-mlid-1167"><a href="/standard/transport" title="Land Transport">Low Carbon Transport</a></li> <li class="leaf menu-mlid-2802"><a href="/standard/forestry">Forestry, Land Conservation and Restoration</a></li> <li class="leaf menu-mlid-1286"><a href="/standard/geothermal" title="geothermal energy">Geothermal Energy</a></li> <li class="leaf menu-mlid-3138"><a href="/standard/hydrogen-production">Hydrogen</a></li> <li class="leaf menu-mlid-1372"><a href="/standard/hydropower">Hydropower</a></li> <li class="leaf menu-mlid-1348"><a href="/standard/marine">Marine Renewable Energy</a></li> <li class="leaf menu-mlid-1695"><a href="/standard/shipping">Shipping</a></li> <li class="leaf menu-mlid-1161"><a href="/standard/solar">Solar Energy</a></li> <li class="leaf menu-mlid-2790"><a href="/standard/Steel">Steel</a></li> <li class="leaf menu-mlid-1409"><a href="/standard/waste">Waste Management</a></li> <li class="leaf menu-mlid-1384"><a href="/standard/water">Water Infrastructure</a></li> <li class="last leaf menu-mlid-1162"><a href="/standard/wind" title="Wind">Wind Energy</a></li> </ul></li> <li class="expanded menu-mlid-1169"><a href="/standard/available-soon">Sector Criteria Currently in Development</a><ul class="menu nav"><li class="first leaf menu-mlid-3674"><a href="/standard/alternative-proteins">Alternative Proteins</a></li> <li class="leaf menu-mlid-3620"><a href="/critical-raw-materials">Critical Raw Materials</a></li> <li class="leaf menu-mlid-2097"><a href="/standard/fisheries">Fisheries (not active)</a></li> <li class="last leaf menu-mlid-3676"><a href="/standard/food-value-chain">Food Value Chain</a></li> </ul></li> <li class="expanded active-trail active menu-mlid-1685 active"><a href="/adaptation-and-resilience" class="active-trail active">Adaptation and Resilience</a><ul class="menu nav"><li class="first last leaf menu-mlid-1737"><a href="/climate-resilience-principles">Climate Resilience Principles</a></li> </ul></li> <li class="last leaf menu-mlid-1160"><a href="/standard/public-consultation/new" title="Public Consultation">Public Consultation</a></li> </ul></li> <li class="expanded menu-mlid-1155"><a href="/standard/governance" title="Governance">Governance</a><ul class="menu nav"><li class="first leaf menu-mlid-1156"><a href="/standard/governance/board">Climate Bonds Standard Board</a></li> <li class="leaf menu-mlid-1157"><a href="/standard/governance/scientific-framework">Climate Bonds Scientific Framework</a></li> <li class="leaf menu-mlid-1158"><a href="/standard/governance/technical-working-groups" title="Technical Working Groups">Technical Working Groups</a></li> <li class="last leaf menu-mlid-1159"><a href="/standard/governance/industry-working-group" title="Industry Working Group">Industry Working Group</a></li> </ul></li> <li class="last leaf menu-mlid-1181"><a href="/standard/faqs" title="FAQs">FAQs</a></li> </ul></div> </section> </div> </aside>  <section class="col-sm-9"> <ol class="breadcrumb"><li><a href="https://www.climatebonds.net/standard/the-standard" title="">Standard</a></li> <li><a href="/standard/sector-criteria">Sector Criteria</a></li> <li class="active">Adaptation and Resilience</li> </ol> <a id="main-content"></a> <h1 class="page-header">Adaptation and Resilience</h1> <div class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <article id="node-35203" 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"><p style="box-sizing: border-box; margin: 0px 0px 10px; font-family: Tahoma, Arial, sans-serif; font-size: 14px;"><img alt="" src="https://www.climatebonds.net/files/images/crp-banner.png" style="width: 900px; height: 221px;" /> </p> <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: 8px;"> <p style="box-sizing: border-box; margin: 0px 0px 10px;"><span style="font-size:14px;"><span style="font-weight: 700; font-family: arial, helvetica, sans-serif;">Resources:</span></span></p> <ol><li><a href="https://www.climatebonds.net/files/page/files/climate-resilience-principles-climate-bonds-initiative-20190917-.pdf"><strong>Climate Resilience Principles (CRP)</strong></a></li> <li><a href="https://www.climatebonds.net/files/files/CBI%20Climate%20Resilience%20Principles%20-%20Technical%20Annex.pdf">CRP Technical Annex</a></li> <li><a href="https://www.climatebonds.net/climate-bonds-standard-v3">Climate Bonds Standard V3.0</a></li> <li><a href="https://www.climatebonds.net/standard/brochure">Climate Bonds Standard & Certification Scheme Brochure</a></li> <li><a href="https://www.climatebonds.net/files/files/Summary%20of%20FAQs_Green%20Bonds%20for%20Climate%20Resilience.pdf">Summary of FAQs</a></li> </ol><p><span style="font-family: arial, helvetica, sans-serif; font-weight: 700;">Any questions on Adaptation and Resilience?</span></p> <p style="box-sizing: border-box; margin: 0px;"><span style="font-size:14px;">Please contact <a href="mailto:anna.creed@climatebonds.net">Anna Creed</a> at:<br /><a href="mailto:anna.creed@climatebonds.net">anna.creed@climatebonds.net</a></span></p> </div> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>What is Adaptation and Resilience?</strong></span></span></p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">Losses due to weather and climate-related events have increased significantly. To combat these losses, accelerated deployment of various sources of finance, including green bonds, is urgently needed. There are opportunities to build climate adaptation and resilience capacity in both developed and developing countries. Innovation is in demand across a range of sectors. include water-efficient technology, drip irrigation, wind-, flood-, and heat-resilient building materials, new financial and insurance products, drought-resistant seeds, and new health products, among many others. Infrastructure upgrades and relocation are also key resilience investments. </span></span></p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">To date, green bonds have focused primarily on greenhouse gas mitigation efforts with a lesser emphasis on resilience. Robust criteria for resilience for some sectors have already been developed under the Climate Bond Standard, but strategic guidance was needed for introducing resilience criteria across all sectors in a consistent and systematic manner. </span></span></p> <p> </p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>The Adaptation and Resilience Expert Group (AREG) </strong></span></span></p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">The Climate Bonds Initiative convened an Adaptation and Resilience Expert Group (AREG) to develop the <a href="https://www.climatebonds.net/climate-resilience-principles">Climate Resilience Principles</a>, which provide high-level guidance for determining when assets and activities are compatible with a climate resilient economy, and therefore should be certified under the Climate Bond Standard. The group drafted the Principles and sought expert review over 9 months starting in October 2018. </span></span></p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">The <a href="https://www.climatebonds.net/climate-resilience-principles">Climate Resilience Principles </a>provide the framework under which sector-specific Climate Resilience Criteria will be subsequently developed by sector based Technical Working Groups (TWGs). These sector-specific Criteria will be the primary reference for issuers of green bonds seeking certification. Members of the AREG, TWGs and the Climate Bonds Initiative will ensure the Principles are consistantly reflected in sector Criteria that already address climate resilience, in sector Criteria that does not yet do so and in new sector Criteria under development.”</span></span></p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">Together, the Principles and sector Criteria will support the mainstreaming of climate resilience considerations across all green bonds as well as reduce friction in the market for green bonds that aim to enhance resilience.</span></span> </p> <p><span style="font-size:16px;"><strong>Download the <a href="https://www.climatebonds.net/climate-resilience-principles">Climate Resilience Principles</a> (CRP) <a href="https://www.climatebonds.net/files/page/files/climate-resilience-principles-climate-bonds-initiative-20190917-.pdf">here</a></strong>.</span></p> <p>Read the Media Release <a href="https://www.climatebonds.net/resources/press-releases/2019/09/climate-bonds-releases-new-climate-resilience-principles-framework">here</a>. </p> <div style="text-align: justify;"><font face="arial, helvetica, sans-serif"><span style="font-size: 14px;"><b>Members of AREG</b></span></font><br /> </div> <table border="0" cellpadding="0" cellspacing="0" style="height: 3px;"><tbody><tr><td class="rtecenter" style="width:298px;height:4px;"><img alt="" src="https://www.climatebonds.net/files/images/Joyce%20C.png" style="opacity: 0.9; text-align: center; font-size: 10px; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:4px;"><img alt="" src="https://www.climatebonds.net/files/images/Neuni%20F%281%29.png" style="text-align: center; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:4px;"><img alt="" src="https://www.climatebonds.net/files/images/Swann%281%29.png" style="text-align: center; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:4px;"><img alt="" src="https://www.climatebonds.net/files/images/Federico.jpg" style="opacity: 0.9; text-align: center; width: 128px; height: 130px;" /></td> </tr><tr><td style="text-align: center; vertical-align: middle;"> <div><span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:12px;">Joyce Coffee <strong>(AREG Lead)</strong> <br /> CEO<br /> Climate Resilience Consulting</span></span></div> </td> <td style="text-align: center; vertical-align: middle;"> <div class="rtecenter"><span style="font-size:12px;"><span style="text-align: center;">Neuni Farhad</span><br /><span style="text-align: center;">Project Officer: Adaptation Research</span><br /><span style="text-align: center;">C40 Cities Climate Leadership Group</span></span></div> </td> <td style="width:298px;height:70px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="text-align: center;">Stacy A. Swann</span><br /><span style="text-align: center;">CEO and Founding Partner</span><br /><span style="text-align: center;">Climate Finance Advisors, Benefit LLC</span></span></div> </td> <td style="width:298px;height:70px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="text-align: center;">Federico Mazza</span><br /><span style="text-align: center;">Adaptation Lead</span><br /><span style="text-align: center;">Climate Policy Initiative</span></span></div> </td> </tr><tr><td style="width:298px;height:7px;"> </td> <td style="width:298px;height:7px;"> </td> <td style="width:298px;height:7px;"> </td> <td style="width:298px;height:7px;"> </td> </tr><tr><td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Karoline.png" style="opacity: 0.9; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/brooks-preston.png" style="opacity: 0.9; text-align: center; width: 130px; height: 132px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/carel-cronenberg.png" style="width: 130px; height: 132px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Craig%20D.png" style="opacity: 0.9; font-size: 10px; width: 130px; height: 130px;" /></td> </tr><tr><td style="width:298px;height:21px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Karoline Hallmeyer</span><br /> Assistant Manager and ESG Advisor<br /><span style="text-align: center;">KPMG </span></span></span></div> </td> <td style="width: 298px; height: 21px; text-align: center; vertical-align: middle;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Brooks Preston</span></span></div> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Managing Director</span></span></div> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Macquarie Infrastructure and Real Assets Investments Ltd.</span></span></div> </td> <td style="text-align: center; vertical-align: middle;"> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Carel Cronenberg<br /> Associate Director: MRV Manager<br /> European Bank of Reconstruction and Development </span></span></div> </td> <td style="text-align: center; vertical-align: middle;"> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Craig Davies<br /> Head of Climate Resilient Investments<br /> European Bank of Reconstruction and Development</span></span></div> </td> </tr><tr><td class="rtecenter" style="text-align: center; vertical-align: middle;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> </tr><tr><td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Missing%20Photo%20Logo%281%29.png" style="opacity: 0.9; width: 130px; height: 132px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Emilie%20M.png" style="opacity: 0.9; font-size: 10px; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Josh%20S%281%29.png" style="opacity: 0.9; font-size: 10px; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Kevin%20Smith.png" style="width: 130px; height: 130px;" /></td> </tr><tr><td style="width:298px;height:21px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Cinzia Losenno</span><br /><span style="text-align: center;">Senior Climate Change Specialist</span><br /><span style="text-align: center;">European Investment Bank</span></span></span></div> </td> <td style="width:298px;height:21px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Emilie Mazzacurati</span><br /><span style="text-align: center;">Founder and CEO</span><br /><span style="text-align: center;">Four Twenty Seven</span></span></span></div> </td> <td style="width:298px;height:21px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Josh Sawislak</span><br /><span style="text-align: center;">Strategic Advisor</span><br /><span style="text-align: center;">Four Twenty Seven</span></span></span></div> </td> <td style="width:298px;height:21px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Kevin Smith</span><br /><span style="text-align: center;">Vice President</span><br /><span style="text-align: center;">Goldman Sachs</span></span></span></div> </td> </tr><tr><td class="rtecenter" style="width:298px;height:20px;"> </td> <td class="rtecenter" style="width:298px;height:20px;"> </td> <td class="rtecenter" style="width:298px;height:20px;"> </td> <td class="rtecenter" style="width:298px;height:20px;"> </td> </tr><tr><td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Carmen.jpg" style="opacity: 0.9; width: 130px; height: 127px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/NathanielMatthews.jpg" style="opacity: 0.9; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Swenja.jpg" style="opacity: 0.9; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/CelesteConnors.jpg" style="opacity: 0.9; width: 130px; height: 130px;" /></td> </tr><tr><td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Carmen Lacambra Segura</span><br /><span style="text-align: center;">Partner and Founder</span><br /><span style="text-align: center;">Grupo Laera</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Nathanial Matthews</span><br /><span style="text-align: center;">Program Director</span><br /><span style="text-align: center;">Global Resilience Partnership</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Swenja Surminski</span><br /><span style="text-align: center;">Senior Research Fellow</span><br /><span style="text-align: center;">Grantham Research Institute</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Celeste Connors</span><br /><span style="text-align: center;">Executive Director</span><br /><span style="text-align: center;">Hawaii Green Growth</span></span></span></div> </td> </tr><tr><td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> </tr><tr><td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/V_Ste.jpg" style="width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/JayKoh.jpg" style="opacity: 0.9; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/Aris%281%29.jpg" style="opacity: 0.9; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/Missing%20Photo%20Logo%281%29.png" style="opacity: 0.9; text-align: center; width: 130px; height: 132px;" /></td> </tr><tr><td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Vladimir Stenek</span><br /><span style="text-align: center;">Senior Climate Change Specialist</span><br /><span style="text-align: center;">IFC</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Jay Koh</span><br /><span style="text-align: center;">Managing Director</span><br /><span style="text-align: center;">Lightsmith Group</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Aris Papadopoulos</span><br /><span style="text-align: center;">Founder of Resilient Action Fund</span><br /><span style="text-align: center;">Resilience Action Fund, UNISDR-ARISE</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Kevin Bush</span><br /><span style="text-align: center;">Chief Resilience Officer</span><br /><span style="text-align: center;">Washington D.C. Government</span></span></span></div> </td> </tr><tr><td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> </tr><tr><td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/Miroslav%281%29.jpg" style="text-align: center; opacity: 0.9; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/Missing%20Photo%20Logo%281%29.png" style="text-align: center; opacity: 0.9; width: 130px; height: 132px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/Jenty.png" style="opacity: 0.9; text-align: center; width: 130px; height: 129px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/PeterWheeler.jpg" style="opacity: 0.9; text-align: center; width: 130px; height: 130px;" /></td> </tr><tr><td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Miroslav Petkov </span><strong style="text-align: center; font-size: 12px;">(AREG Observer)</strong><br /><span style="text-align: center;">Director</span></span><br /><span style="text-align: center;"><span style="font-family:arial,helvetica,sans-serif;">S&P Globa</span>l</span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Richard J.T. Klein</span><br /><span style="text-align: center;">Senior Research Fellow</span><br /><span style="text-align: center;">Stockholm Environment Institute</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Jenty Kirsch-Wood</span><br /><span style="text-align: center;">Senior Technical Specialist - DRM and CCA</span><br /><span style="text-align: center;">UNDP</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Peter Wheeler</span></span></span></div> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Executive Vice President</span><br /><span style="text-align: center;">The Nature Conservancy</span></span></span></div> </td> </tr><tr><td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> <td class="rtecenter" style="width:298px;height:21px;"> </td> </tr><tr><td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/MichaelCote.jpg" style="opacity: 0.9; text-align: center; width: 130px; height: 129px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/Carlos%20Sanchez.png" style="text-align: center; opacity: 0.9; width: 131px; height: 132px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/Hallegatte1.jpg" style="opacity: 0.9; text-align: center; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:21px;"><img alt="" src="https://www.climatebonds.net/files/images/Moushumi%20C.png" style="text-align: center; opacity: 0.9; width: 130px; height: 130px;" /></td> </tr><tr><td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Michael Cote</span><br /><span style="text-align: center;">Project Director, Private Investment for Enhanced Resilience</span><br /><span style="text-align: center;">Winrock International</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Carlos Sanchez</span><br /><span style="text-align: center;">Director, Climate Resilience Finance</span><br /><span style="text-align: center;">Willis Towers Watson</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Stephane Hallegatte</span><br /><span style="text-align: center;">Lead Economist, GFDRR</span><br /><span style="text-align: center;">World Bank</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Moushumi Chaudhury,</span><br /><span style="text-align: center;">Associate of Climate Resilience Practice</span><br /><span style="text-align: center;">WRI</span></span></span></div> </td> </tr><tr><td class="rtecenter" style="width:298px;height:20px;"> </td> <td class="rtecenter" style="width:298px;height:20px;"> </td> <td class="rtecenter" style="width:298px;height:20px;"> </td> <td class="rtecenter" style="width:298px;height:20px;"> </td> </tr><tr><td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/john-firth.png" style="opacity: 0.9; text-align: center; width: 130px; height: 132px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/Niranjali.jpg" style="opacity: 0.9; text-align: center; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/KarlMallon.jpg" style="opacity: 0.9; text-align: center; width: 130px; height: 130px;" /></td> <td class="rtecenter" style="width:298px;height:20px;"><img alt="" src="https://www.climatebonds.net/files/images/yoon-hui-kim.png" style="opacity: 0.9; text-align: center; width: 130px; height: 132px;" /></td> </tr><tr><td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">John Firth</span></span></div> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">CEO & Co-founder</span></span></div> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Acclimatise</span></span></div> </td> <td class="rtecenter" style="width:298px;height:20px;"> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Niranjali Amerasinghe</span><br /><span style="text-align: center;">Senior Associate of Sustainable Finance Center</span><br /><span style="text-align: center;">WRI</span></span></span></div> </td> <td style="width:298px;height:20px;"> <div class="rtecenter"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="text-align: center;">Karl Mallon</span><br /><span style="text-align: center;">Director</span><br /><span style="text-align: center;">XDI</span></span></span></div> </td> <td style="width: 298px; height: 20px; text-align: center; vertical-align: middle;"> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Yoon Hui Kim, Ph.D.</span></span></div> <div><font face="arial, helvetica, sans-serif"><span style="font-size: 12px;">Head of Global Client Services</span></font></div> <div><font face="arial, helvetica, sans-serif"><span style="font-size: 12px;">Four Twenty Seven</span></font></div> </td> </tr><tr><td style="width:298px;height:20px;"> </td> <td style="width:298px;height:20px;"> </td> <td style="width:298px;height:20px;"> </td> <td style="width:298px;height:20px;"> </td> </tr><tr><td style="width: 298px; height: 20px; text-align: center; vertical-align: middle;"><img alt="" src="https://www.climatebonds.net/files/images/Missing%20Photo%20Logo%281%29.png" style="opacity: 0.9; text-align: center; width: 130px; height: 132px;" /></td> <td style="width: 298px; height: 20px; text-align: center; vertical-align: middle;"><img alt="" src="https://www.climatebonds.net/files/images/xianfu-lu.png" style="opacity: 0.9; text-align: center; width: 130px; height: 132px;" /></td> <td style="width: 298px; height: 20px; text-align: center; vertical-align: middle;"><img alt="" src="https://www.climatebonds.net/files/images/john-thieroff.png" style="opacity: 0.9; text-align: center; width: 130px; height: 132px;" /></td> <td style="width: 298px; height: 20px; text-align: center; vertical-align: middle;"> </td> </tr><tr><td style="width: 298px; height: 20px; text-align: center; vertical-align: middle;"> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Christine Lafon</span></span></div> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">BNP Paribas</span></span></div> </td> <td style="width: 298px; height: 20px; text-align: center; vertical-align: middle;"> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Xianfu Lu</span></span></div> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Senior </span></span><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Climate Change Specialist (Adaptation)</span></div> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Sustainable Development and Climate Change Department</span></span></div> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Asian Development Bank</span></span><br /> </div> </td> <td style="width: 298px; height: 20px; text-align: center; vertical-align: middle;"> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">John Thieroff</span></span></div> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Vice President -Senior ESG Analyst</span></span></div> <div><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Moody's Investor Service</span></span></div> </td> <td style="width:298px;height:20px;"> </td> </tr></tbody></table><p> </p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Climate Bonds Initiative Staff</strong></span></span></p> <div style="margin-left:7pt;"> <table border="0" cellpadding="1" cellspacing="1" style="width:500px;"><tbody><tr><td style="white-space: nowrap; text-align: center; vertical-align: middle;"> <div style="margin-left: 7pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Anna Creed,</span></span></div> <div style="margin-left: 7pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Head of Standards</span></span></div> </td> <td style="white-space: nowrap; text-align: center; vertical-align: middle;"> <div style="margin-left:7pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Ujala Qadir</span></span></div> <div style="margin-left:7pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Climate Science Programme Manager</span></span></div> </td> <td style="white-space: nowrap; text-align: center; vertical-align: middle;"> <div style="margin-left: 7pt;"><span style="font-size:12px;">June Choi</span></div> <div style="margin-left: 7pt;"><span style="font-size:12px;">Policy & Standards Advisor</span></div> </td> </tr></tbody></table></div> <div style="margin-left:7pt;"> </div> <p> </p> </div></div></div> </article> </section> </div> </section> </div> </div> </div> <div id="footer"> <footer class="footer"> <div class="row registered-charity"> <div class="col-xs-12 col-sm-6"> Climate Bonds Initiative is a registered charity in England and Wales (no. 1154413) </div> <div class="col-xs-12 col-sm-6 pull-right charity-conditions"> <a href="/sitemap">Site Map</a> | <a href="/privacy">Privacy Policy</a> | <a href="/legal">Terms & Conditions of Use</a> </div> </div> <div class="container"> <div class="row"> <div class="region region-footer"> <section id="block-menu-block-2" class="block block-menu-block superfooter clearfix"> <div class="menu-block-wrapper menu-block-2 menu-name-main-menu parent-mlid-0 menu-level-1"> <ul class="menu nav"><li class="first leaf menu-mlid-218"><a href="/">Home</a></li> <li class="expanded menu-mlid-689"><a href="/about">About</a><ul class="menu nav"><li class="first leaf menu-mlid-3584"><a href="/about/what-we-do">What We Do</a></li> <li class="leaf menu-mlid-3433"><a href="/about/five-five-manifesto">5 by 5 Manifesto</a></li> <li class="leaf menu-mlid-844"><a href="/about/advisory-panel">Advisory Panel</a></li> <li class="leaf has-children menu-mlid-692"><a href="/get-involved">Get Involved</a></li> <li class="leaf menu-mlid-696"><a href="/about/funders">Our Funders</a></li> <li class="leaf has-children menu-mlid-698"><a href="/about/trustees">Trustees</a></li> <li class="leaf menu-mlid-694"><a href="/contact">Contact</a></li> <li class="leaf has-children menu-mlid-2403"><a href="/about/team">The Team</a></li> <li class="leaf menu-mlid-1117"><a href="/get-involved/donate">Donate</a></li> <li class="leaf menu-mlid-2480"><a href="/jobs">Careers</a></li> <li class="last leaf menu-mlid-1074"><a href="/get-involved/funding-opportunities">Funding Opportunities</a></li> </ul></li> <li class="expanded active-trail menu-mlid-835 active"><a href="https://www.climatebonds.net/standard/the-standard" title="" class="active-trail">Standard</a><ul class="menu nav"><li class="first leaf has-children menu-mlid-2229"><a href="https://www.climatebonds.net/standard/the-standard" title="">The Standard</a></li> <li class="leaf menu-mlid-1185"><a href="/standard/taxonomy">Climate Bonds Taxonomy</a></li> <li class="leaf has-children active-trail menu-mlid-1378 active"><a href="/standard/sector-criteria" class="active-trail">Sector Criteria</a></li> <li class="leaf has-children menu-mlid-1155"><a href="/standard/governance" title="Governance">Governance</a></li> <li class="last leaf menu-mlid-1181"><a href="/standard/faqs" title="FAQs">FAQs</a></li> </ul></li> <li class="expanded menu-mlid-1422"><a href="/certification">Certification</a><ul class="menu nav"><li class="first leaf menu-mlid-3577"><a href="/certification" title="">About Certification</a></li> <li class="leaf has-children menu-mlid-1688"><a href="/certification/get-certified">Get Certified</a></li> <li class="leaf menu-mlid-1727"><a href="https://www.climatebonds.net/certification/certified-bonds" title="">Certified Bonds Database</a></li> <li class="leaf has-children menu-mlid-1178"><a href="https://www.climatebonds.net/certification/approved-verifier" title="">Become an Approved Verifier</a></li> <li class="leaf menu-mlid-3547"><a href="/certification/sector-briefings" title="">Certification Sector Briefings (Brazil)</a></li> <li class="last leaf menu-mlid-1948"><a href="/certification-video-resources">Video Resources</a></li> </ul></li> <li class="collapsed menu-mlid-3627"><a href="https://www.climatebonds.net/climate-finance-solutions" title="">Climate Finance Solutions</a></li> <li class="expanded menu-mlid-1040"><a href="/market-intelligence">Markets</a><ul class="menu nav"><li class="first leaf has-children menu-mlid-1388"><a href="/market/country" title="">Countries</a></li> <li class="leaf menu-mlid-2402"><a href="https://www.climatebonds.net/market/data/" title="">Interactive Data Platform</a></li> <li class="leaf menu-mlid-2563"><a href="/market/social-sustainability-bond-database-methodology">Social & Sustainability Bond Dataset Methodology</a></li> <li class="leaf has-children menu-mlid-3452"><a href="/market/SLBD">Sustainability-Linked Bond Dataset Methodology</a></li> <li class="leaf menu-mlid-1041"><a href="/cbi/pub/data/bonds" title="">Labelled Green Bonds Data</a></li> <li class="leaf menu-mlid-1565"><a href="/bond-library">Bond Library</a></li> <li class="leaf menu-mlid-1044"><a href="/market/explaining-green-bonds">Explaining green bonds</a></li> <li class="leaf menu-mlid-1592"><a href="/green-bond-segments-stock-exchanges">Stock Exchanges with Green Bond Segments</a></li> <li class="leaf has-children menu-mlid-1595"><a href="/data-requests">Data Requests</a></li> <li class="leaf has-children menu-mlid-3432"><a href="/markets/research-partnerships">Research Partnerships</a></li> <li class="leaf menu-mlid-1778"><a href="/green-infrastructure-investment-opportunities-giio-programme">Green Infrastructure Investment Opportunities</a></li> <li class="last leaf menu-mlid-3664"><a href="/market/green-bond-dataset-methodology">Green Bond Dataset Methodology</a></li> </ul></li> <li class="expanded menu-mlid-703"><a href="/policy">Policy</a><ul class="menu nav"><li class="first leaf menu-mlid-3431"><a href="/policy/101-policymakers">101 for Policymakers</a></li> <li class="leaf menu-mlid-1019"><a href="/policy/policy-areas">Green bond policy areas</a></li> <li class="last leaf has-children menu-mlid-3427"><a href="https://www.climatebonds.net/policy/transition-policy#overlay-context=policy" title="">Transition Policy</a></li> </ul></li> <li class="collapsed menu-mlid-3615"><a href="/taxonomy">Taxonomy</a></li> <li class="expanded menu-mlid-2065"><a href="https://www.climatebonds.net/transition-finance-home" title="">Transition Finance</a><ul class="menu nav"><li class="first leaf has-children menu-mlid-3430"><a href="/transition-finance/agri-food-transitions">Agri-Food Systems</a></li> <li class="leaf menu-mlid-3672"><a href="/transition-finance/built-environment">Built Environment</a></li> <li class="leaf menu-mlid-3671"><a href="/transition-finance/energy">Energy</a></li> <li class="leaf menu-mlid-3670"><a href="/transition-finance/industry">Industry</a></li> <li class="leaf menu-mlid-3616"><a href="https://www.climatebonds.net/policy/transition-policy" title="">Transition Policy</a></li> <li class="last leaf has-children menu-mlid-2801"><a href="https://www.climatebonds.net/frameworks-assess-transition" title="">Frameworks to Assess Transition</a></li> </ul></li> <li class="collapsed menu-mlid-3635"><a href="/resilience">Climate Bonds Resilience Programme</a></li> <li class="expanded menu-mlid-693"><a href="/resources">Resources</a><ul class="menu nav"><li class="first leaf menu-mlid-1435"><a href="/publications.html">Reports</a></li> <li class="leaf menu-mlid-1693"><a href="/resources/press-releases">Press Releases</a></li> <li class="last leaf has-children menu-mlid-1391"><a href="/newsletters" title="">Old Archives</a></li> </ul></li> <li class="expanded menu-mlid-1364"><a href="/climate-bonds-connected">Get Connected</a><ul class="menu nav"><li class="first leaf has-children menu-mlid-565"><a href="/blog" title="">Blog</a></li> <li class="leaf menu-mlid-1951"><a href="https://www.climatebonds.net/webinars" title="">Webinars</a></li> <li class="leaf menu-mlid-2232"><a href="/podcasts">Podcasts</a></li> <li class="leaf menu-mlid-1739"><a href="/events">Online & In-Person Events</a></li> <li class="last leaf menu-mlid-1235"><a href="/resources/videos" title="">Videos</a></li> </ul></li> <li class="last leaf menu-mlid-1738"><a href="https://events.climatebonds.net" title="">Events</a></li> </ul></div> </section> </div> </div> </div> <div class="container"> <div class="row"> <div class="col-xs-12 col-sm-6 col-md-8"> <div class="region region-footer-col1"> <section id="block-block-39" class="block block-block col1 clearfix"> <p><small>The Climate Bonds Initiative provides information resources like this page as a public good. You are free to republish and/or quote online comments or analyses without prior consent, provided you provide a full reference, clearly stating the Climate Bonds Initiative and the relevant author as the source, and include a prominent hyperlink to the original post.</small></p> </section> </div> </div> <div class="col-xs-12 col-sm-6 col-md-4"> <div class="region region-footer-col2"> <section id="block-block-9" class="block block-block col3 clearfix"> <div><a href="/"><img src="/sites/all/themes/climatebonds/images/footer-logo.png" alt="Climate Bonds Initiative" /></a></div> <div class="fticons"><img src="/sites/all/themes/climatebonds/images/ft-icon1.png" alt="Icon" /> <img src="/sites/all/themes/climatebonds/images/ft-icon2.png" alt="Icon" /> <img src="/sites/all/themes/climatebonds/images/ft-icon3.png" alt="Icon" /> <img src="/sites/all/themes/climatebonds/images/ft-icon4.png" alt="Icon" /> <img src="/sites/all/themes/climatebonds/images/ft-icon5.png" alt="Icon" /></div> <div style="clear: left;"><span style="color:#696969;">© 2024 Climate Bonds. All Rights Reserved</span><br />  </div> </section> </div> </div> </div> </div> </footer> <div class="subfooter"> <div class="container"> </div> </div> </div>  <script> !function(e,t,n,s,u,a){e.twq||(s=e.twq=function(){s.exe?s.exe.apply(s,arguments):s.queue.push(arguments); },s.version='1.1',s.queue=[],u=t.createElement(n),u.async=!0,u.src='//static.ads-twitter.com/uwt.js', a=t.getElementsByTagName(n)[0],a.parentNode.insertBefore(u,a))}(window,document,'script'); twq('init','o1j5i'); twq('track','PageView'); </script> <script>ctSetCookie("ct_check_js", "452fd49eac910133911ebc4a28cee506", "0");</script> <script src=""></script> <script src="https://www.climatebonds.net/sites/all/themes/bootstrap/js/bootstrap.js?sn7if4"></script> </body> </html>