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What We Do | Climate Bonds Initiative
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<section class="col-sm-9"> <ol class="breadcrumb"><li><a href="/about">About</a></li> <li class="active">What We Do</li> </ol> <a id="main-content"></a> <h1 class="page-header">What We Do</h1> <div class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <article id="node-198459" 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"><div class="templateSection templateHeader" data-template-container="" mc:template_section="Header" style="position: relative; display: flex; flex-shrink: 0; justify-content: center; padding: 10px 0px; background-image: url("https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/1fb0dad8-cc2a-e6c1-91f5-151b98f6de22.png"); background-position: center; background-size: contain; background-repeat: no-repeat; background-attachment: scroll; background-origin: padding-box; background-clip: border-box; border-top-width: 0px; border-top-style: none; border-top-color: currentcolor; border-bottom-width: 0px; border-bottom-style: none; border-bottom-color: currentcolor; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); box-sizing: border-box !important;"> <div class="headerContainer contentContainer" style="max-width: 780px; width: 780px; flex: 0 0 auto; background-image: none; background-repeat: no-repeat; background-position: center; background-size: cover; border-top-width: 0px; border-top-style: none; border-top-color: currentcolor; border-bottom-width: 0px; border-bottom-style: none; border-bottom-color: currentcolor; padding-top: 117px; padding-bottom: 117px; box-shadow: none; box-sizing: border-box !important;"> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="98%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; text-align: center; padding: 0px 9px 9px; box-sizing: border-box !important;"> <div style="text-align: right; box-sizing: border-box !important;"><span style="font-family: "source sans pro", "helvetica neue", helvetica, arial, sans-serif; box-sizing: border-box !important;"><a href="http://partnerships@climatebonds.net/" style="color: rgb(0, 173, 216); box-sizing: border-box !important;" target="_blank"><span style="color: rgb(255, 255, 255); box-sizing: border-box !important;"><span style="background-color: rgb(0, 102, 153); box-sizing: border-box !important;"> GET INVOLVED</span></span></a><span style="color: rgb(255, 255, 255); box-sizing: border-box !important;"> </span></span></div> </div> </div> </div> </div> </div> </div> <div class="templateSection templateBody" data-template-container="" mc:template_section="Body" style="position: relative; display: flex; flex-shrink: 0; justify-content: center; padding: 0px; background: center center / cover no-repeat rgb(247, 247, 247); border-top-width: 1px; border-top-style: none; border-top-color: currentcolor; border-bottom-width: 0px; border-bottom-style: none; border-bottom-color: currentcolor; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); box-sizing: border-box !important;"> <div class="bodyContainer contentContainer" style="max-width: 780px; width: 780px; flex: 0 0 auto; background: center center / cover no-repeat rgb(255, 255, 255); border-top-width: 0px; border-top-style: none; border-top-color: currentcolor; border-bottom-width: 0px; border-bottom-style: none; border-bottom-color: currentcolor; padding-top: 0px; padding-bottom: 0px; box-shadow: none; box-sizing: border-box !important;"> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"><br style="box-sizing: border-box !important;" /><br /> Climate Bonds Initiative (Climate Bonds) is an international not-for-profit organisation working to mobilise global capital for climate action.<br style="box-sizing: border-box !important;" /><br /> Climate Bonds has played a central role in transforming the green bond market from a niche concept to a mainstream source of capital for sustainable development, driving quality of issuance through the development of science-based green definitions in line with the Paris Agreement.<br style="box-sizing: border-box !important;" /><br /> Climate Bonds was created with a vision to mobilise institutional investors to counter the short-termism and vested interests that infect politics and finance and undermine action on climate change. With a mission to mobilise global capital for climate action, Climate Bonds aims to educate, inspire, convene, and steer a global collaboration of institutional investors, governments, development banks and industry to shift capital toward low-carbon and resilient investments.</div> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(52, 103, 165); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <h2 style="margin: 0px; padding: 0px; color: rgb(0, 0, 0); font-size: 45px; line-height: 67.5px; text-align: center; box-sizing: border-box !important;"><span style="color: rgb(52, 103, 165); box-sizing: border-box !important;"><span style="font-size: 28px; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">Green Finance Driving Sustainability</strong></span></span></h2> </div> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"><br style="box-sizing: border-box !important;" /><br /> We are at the forefront of advances in sustainable finance, collaborating with numerous global stakeholders, including governments, investors, banks, and large companies.<br style="box-sizing: border-box !important;" /><br /> We drive the market with: <ul style="box-sizing: border-box !important;"><li style="box-sizing: border-box !important;">The only certification scheme for sustainable debt globally under the Climate Bonds Standard</li> <li style="box-sizing: border-box !important;">Provision to global fund managers and nearly all green bond indices of regular green bond data and market analysis</li> <li style="box-sizing: border-box !important;">Advice on green capital markets development and advocating for ambitious changes in the financial industry.</li> </ul><p style="box-sizing: border-box !important;">Climate Bonds work streams span across sustainable debt standards and certification; market intelligence; policy analysis and advocacy; communications, events and media; campaigns; capacity building; investor engagement; technical assistance and taxonomy development</p> </div> </div> </div> </div> <div class="mcnImageBlock mcnImageBlockInner" style="padding: 9px; box-sizing: border-box !important;"> <div class="mcnImageContent" style="display: flex; padding: 0px 9px; justify-content: center; box-sizing: border-box !important;"><img alt="" class="mcnImage" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/d8d11254-20be-b6fe-8302-d2d6a252ea41.png" style="border: 0px; height: auto; outline: currentcolor; vertical-align: bottom; max-width: 100%; align-self: center; flex: 0 0 auto; box-shadow: none; box-sizing: border-box !important;" width="auto" /></div> </div> <div class="mcnDividerBlock" style="box-sizing: border-box !important; table-layout: fixed !important;"> <div class="mcnDividerBlockInner" style="padding: 18px; box-sizing: border-box !important;"> <div class="mcnDividerContent" style="border-top-width: 2px; border-top-style: solid; border-top-color: rgb(234, 234, 234); box-sizing: border-box !important;"> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(52, 103, 165); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <h2 style="margin: 0px; padding: 0px; color: rgb(0, 0, 0); font-size: 45px; line-height: 67.5px; text-align: center; box-sizing: border-box !important;"><span style="color: rgb(52, 103, 165); box-sizing: border-box !important;"><span style="font-size: 28px; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">Global presence across multiple facets</strong></span></span></h2> </div> </div> </div> </div> <div class="mcnImageBlock mcnImageBlockInner" style="padding: 9px; box-sizing: border-box !important;"> <div class="mcnImageContent" style="display: flex; padding: 0px 9px; justify-content: center; box-sizing: border-box !important;"><img alt="" class="mcnImage" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/e120827b-8888-aa3c-2fa0-22cb815ae6c2.png" style="border: 0px; height: auto; outline: currentcolor; vertical-align: bottom; max-width: 100%; align-self: center; flex: 0 0 auto; box-shadow: none; box-sizing: border-box !important;" width="auto" /></div> </div> <div class="mcnDividerBlock" style="box-sizing: border-box !important; table-layout: fixed !important;"> <div class="mcnDividerBlockInner" style="padding: 18px; box-sizing: border-box !important;"> <div class="mcnDividerContent" style="border-top-width: 2px; border-top-style: solid; border-top-color: rgb(234, 234, 234); box-sizing: border-box !important;"> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(52, 103, 165); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <h2 style="margin: 0px; padding: 0px; color: rgb(0, 0, 0); font-size: 45px; line-height: 67.5px; text-align: center; box-sizing: border-box !important;"><span style="color: rgb(52, 103, 165); box-sizing: border-box !important;"><span style="font-size: 28px; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">Experience in international markets</strong></span></span></h2> </div> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;">Climate Bonds has implemented country-specific market development programmes to foster sustainable debt markets in China, India, Brazil, and other countries. We provide technical assistance and capacity building training in multiple markets, supporting public and private issuers to enter the market and establish initiatives that bring investors and issuers together to learn about opportunities for sustainable investment.</div> </div> </div> </div> <div class="mcnImageBlock mcnImageBlockInner" style="padding: 9px; box-sizing: border-box !important;"> <div class="mcnImageContent" style="display: flex; padding: 0px 9px; justify-content: center; box-sizing: border-box !important;"><img alt="" class="mcnImage" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/ccbd9cbb-7fe2-9b5b-bc26-dc160cd8fcc3.png" style="border: 0px; height: auto; outline: currentcolor; vertical-align: bottom; max-width: 100%; align-self: center; flex: 0 0 auto; box-shadow: none; box-sizing: border-box !important;" width="auto" /></div> </div> <div class="mcnDividerBlock" style="box-sizing: border-box !important; table-layout: fixed !important;"> <div class="mcnDividerBlockInner" style="padding: 18px; box-sizing: border-box !important;"> <div class="mcnDividerContent" style="border-top-width: 2px; border-top-style: solid; border-top-color: rgb(234, 234, 234); box-sizing: border-box !important;"> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(52, 103, 165); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <h2 style="margin: 0px; padding: 0px; color: rgb(0, 0, 0); font-size: 45px; line-height: 67.5px; text-align: center; box-sizing: border-box !important;"><span style="color: rgb(52, 103, 165); box-sizing: border-box !important;"><span style="font-size: 28px; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">Governance and Leadership</strong></span></span></h2> </div> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;">Day-to-day decision-making is the responsibility of the CEO and the Senior Leadership Team (SLT). <img data-file-id="5827352" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/c3f319ba-b458-7fa7-e475-59dce0af030e.png" style="border: 0px; height: 495px; outline: currentcolor; max-width: 100%; width: 660px; margin: 0px; box-sizing: border-box !important;" /></div> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(52, 103, 165); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <h2 style="margin: 0px; padding: 0px; color: rgb(0, 0, 0); font-size: 45px; line-height: 67.5px; text-align: center; box-sizing: border-box !important;"><span style="color: rgb(52, 103, 165); box-sizing: border-box !important;"><span style="font-size: 28px; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">Trustees</strong></span></span></h2> </div> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;">The Trustees are responsible for ensuring the financial stability of the charitable company, and the overall performance of the charity.<br style="box-sizing: border-box !important;" /><br /><img data-file-id="5827360" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/dc078383-ce64-cd5b-2faa-df63233e62f4.png" style="border: 0px; height: 495px; outline: currentcolor; max-width: 100%; width: 660px; margin: 0px; box-sizing: border-box !important;" /></div> </div> </div> </div> <div class="mcnDividerBlock" style="box-sizing: border-box !important; table-layout: fixed !important;"> <div class="mcnDividerBlockInner" style="padding: 18px; box-sizing: border-box !important;"> <div class="mcnDividerContent" style="border-top-width: 2px; border-top-style: solid; border-top-color: rgb(234, 234, 234); box-sizing: border-box !important;"> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(52, 103, 165); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <h2 style="margin: 0px; padding: 0px; color: rgb(0, 0, 0); font-size: 45px; line-height: 67.5px; text-align: center; box-sizing: border-box !important;"><span style="color: rgb(52, 103, 165); box-sizing: border-box !important;"><span style="font-size: 28px; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">Theory of Change</strong></span></span></h2> </div> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <p style="margin: 10px 0px; padding: 0px; font-family: Helvetica; line-height: 24px; box-sizing: border-box !important;">Strong state action is necessary to mobilise capital with the speed and scale that is needed to fund a rapid and just transition to a 1.5 degree-aligned and resilient global economy. Market forces alone are insufficient to meet the urgency for climate action. Accordingly, a constructive partnership between capital markets and governments, with a markedly different regulatory environment to support the required capital formation is essential. </p> </div> </div> </div> </div> <div class="mcnImageBlock mcnImageBlockInner" style="padding: 9px; box-sizing: border-box !important;"> <div class="mcnImageContent" style="display: flex; padding: 0px 9px; justify-content: center; box-sizing: border-box !important;"><img alt="" class="mcnImage" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/7a6710a8-b20e-e317-afeb-88956c5fa72c.png" style="border: 0px; height: auto; outline: currentcolor; vertical-align: bottom; max-width: 100%; align-self: center; flex: 0 0 auto; box-shadow: none; box-sizing: border-box !important;" width="780" /></div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <p style="margin: 10px 0px; padding: 0px; font-family: Helvetica; line-height: 24px; box-sizing: border-box !important;">The green bond market has evidenced that if investors are offered credible green investments, they will invest – as evidenced by investor demand far outstripping supply of green bonds.<br style="box-sizing: border-box !important;" /><br /> Simultaneously, there is an urgent need to shift policies, regulations, and incentives away from unsustainable activities and toward activities that are compatible with a 1.5-degree and resilient future.</p> </div> </div> </div> </div> <div class="mcnImageBlock mcnImageBlockInner" style="padding: 9px; box-sizing: border-box !important;"> <div class="mcnImageContent" style="display: flex; padding: 0px 9px; justify-content: center; box-sizing: border-box !important;"><img alt="" class="mcnImage" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/_compresseds/5a1a5d31-b03e-bd87-e66b-3e2d752e9447.jpg" style="border: 0px; height: auto; outline: currentcolor; vertical-align: bottom; max-width: 100%; align-self: center; flex: 0 0 auto; box-shadow: none; box-sizing: border-box !important;" width="780" /></div> </div> <div class="mcnDividerBlock" style="box-sizing: border-box !important; table-layout: fixed !important;"> <div class="mcnDividerBlockInner" style="padding: 18px; box-sizing: border-box !important;"> <div class="mcnDividerContent" style="border-top-width: 2px; border-top-style: solid; border-top-color: rgb(234, 234, 234); box-sizing: border-box !important;"> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <p style="margin: 10px 0px; padding: 0px; font-family: Helvetica; line-height: 24px; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">Download here the complete documents: </strong></p> </div> </div> </div> </div> <div class="mcnCaptionBlock" style="display: flex; box-sizing: border-box !important;"> <div class="mcnCaptionBlockInner" style="padding: 9px; width: 390px; box-sizing: border-box !important;"> <div style="display: flex; flex-direction: column; box-sizing: border-box !important;"> <div style="display: flex; flex: 0 0 auto; box-sizing: border-box !important;"> <div class="mcnCaptionBottomImageContent" style="padding: 0px 9px 9px; justify-content: center; display: flex; flex: 1 1 100%; align-self: flex-start; box-sizing: border-box !important;"><a href="https://www.climatebonds.net/files/reports/cbi_credentials.pdf"><img alt="" class="mcnImage" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/6e1bbb37-3b2f-f9cf-484c-24a665e4522d.png" style="border: 0px; height: auto; outline: currentcolor; vertical-align: bottom; align-self: center; max-width: 100%; box-shadow: none; box-sizing: border-box !important;" width="430" /></a></div> </div> <div style="display: flex; flex: 0 0 auto; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; flex: 1 1 100%; padding: 0px 9px; box-sizing: border-box !important;"> <div style="text-align: center; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">Climate bonds Credentials </strong></div> </div> </div> </div> </div> <div class="mcnCaptionBlockInner" style="padding: 9px; width: 390px; box-sizing: border-box !important;"> <div style="display: flex; flex-direction: column; box-sizing: border-box !important;"> <div style="display: flex; flex: 0 0 auto; box-sizing: border-box !important;"> <div class="mcnCaptionBottomImageContent" style="padding: 0px 9px 9px; justify-content: center; display: flex; flex: 1 1 100%; align-self: flex-start; box-sizing: border-box !important;"><a href="https://www.climatebonds.net/files/reports/theory_of_change_infographic.pdf"><img alt="" class="mcnImage" src="https://mcusercontent.com/9756b4a8f3348b74c4fe6978e/images/1806b4ec-78a6-9756-879f-a80070bdc5c4.jpg" style="border: 0px; height: auto; outline: currentcolor; vertical-align: bottom; align-self: center; max-width: 100%; box-shadow: none; box-sizing: border-box !important;" width="1414" /></a></div> </div> <div style="display: flex; flex: 0 0 auto; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; flex: 1 1 100%; padding: 0px 9px; box-sizing: border-box !important;"> <div style="text-align: center; box-sizing: border-box !important;"><strong style="box-sizing: border-box !important;">The Theory of Change Infographic</strong></div> </div> </div> </div> </div> </div> <div class="mcnTextBlock" style="box-sizing: border-box !important;" width="100%"> <div class="mcnTextBlockInner" style="display: flex; padding: 9px; box-sizing: border-box !important;"> <div style="width: 762px; box-sizing: border-box !important;"> <div class="mcnTextContent" style="word-break: break-word; flex-flow: column; color: rgb(128, 128, 128); font-family: "Source Sans Pro", "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; line-height: 24px; padding: 0px 9px 9px; box-sizing: border-box !important;"> <p style="margin: 10px 0px; padding: 0px; font-family: Helvetica; line-height: 24px; box-sizing: border-box !important;"><br style="box-sizing: border-box !important;" /><br /> Make sure to explore our website and subscribe to keep connected with our latest launches and reports. </p> </div> </div> </div> </div> <div class="mcnDividerBlock" style="box-sizing: border-box !important; table-layout: fixed !important;"> <div class="mcnDividerBlockInner" style="padding: 18px; box-sizing: border-box !important;"> <div class="mcnDividerContent" style="border-top-width: 2px; border-top-style: solid; border-top-color: rgb(234, 234, 234); box-sizing: border-box !important;"> </div> </div> </div> <div class="mcnDividerBlock" style="box-sizing: border-box !important; table-layout: 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