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=" How to ensure the transition label has impact A joint Climate Bonds & Credit Suisse Whitepaper Resources: Financing Credible Transitions (White Paper) Summary note: Financing Credible Transitions Transition Finance for Transforming Companies Original Press Release from Sept 2020 Transition Feature: Inclusive Transition Feature: Ambition Transition Feature: Flexible News:" /> <meta name="generator" content="Drupal 7 (http://drupal.org)" /> <link rel="canonical" href="https://www.climatebonds.net/transition-finance/fin-credible-transitions" /> <link rel="shortlink" href="https://www.climatebonds.net/node/54257" /> <meta property="og:site_name" content="Climate Bonds Initiative" /> <meta property="og:title" content="Financing Credible Transitions - A framework for identifying credible transitions" /> <meta property="og:description" content=" How to ensure the transition label has impact A joint Climate Bonds & Credit Suisse Whitepaper Resources: Financing Credible Transitions (White Paper) Summary note: Financing Credible Transitions Transition Finance for Transforming Companies Original Press Release from Sept 2020 Transition Feature: Inclusive Transition Feature: Ambition Transition Feature: Flexible News: Climate Bonds Standard Version 4.0 expands to Corporate Entity and SLB Certification Building a market for green transitions, 30th Nov 2020 Event speakers: Adam Matthews, Church of England Pensions Board; Anna Creed" /> <meta property="og:updated_time" content="2023-03-16T10:03:06+00:00" /> <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="2020-09-01T00:00:00+01:00" /> <meta property="article:modified_time" content="2023-03-16T10:03:06+00:00" /> <title>Financing Credible Transitions - A framework for identifying credible transitions | 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":"LqRDCflaKNFoogFtObMIB7HoL5qPUmiArKy7OGEQzjc","jquery_version":"2.1","jquery_version_token":"U-nFGx15sN3DtU_gdj1nVeOlv6qK_kQyF4rI57A-P18","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":{"\/transition-finance\/fin-credible-transitions":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-54257 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/54257" 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="/transition-finance/fin-credible-transitions" 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-Ne-OwO9LBv2Z0IqQyowFSdqZBkLkM4U7-TR_UqoVELI" /> <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="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="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="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">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="active-trail 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="active-trail 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="active-trail 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 active">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 collapsed 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 expanded active-trail menu-mlid-2801 active"><a href="https://www.climatebonds.net/frameworks-assess-transition" title="" class="active-trail">Frameworks to Assess Transition</a><ul class="menu nav"><li class="first expanded active-trail active menu-mlid-2218 active"><a href="/transition-finance/fin-credible-transitions" class="active-trail active">Financing Credible Transitions</a><ul class="menu nav"><li class="first leaf menu-mlid-3450"><a href="/transition-finance">The Opportunity for transition Finance</a></li> <li class="leaf menu-mlid-2412"><a href="/principles-transition">Principles for Transition</a></li> <li class="leaf menu-mlid-2410"><a href="/transition-finance/entities">Transition for entities</a></li> <li class="leaf menu-mlid-2411"><a href="/transition-finance/activities">Transition for activities</a></li> <li class="last leaf menu-mlid-2413"><a href="/resources-0">Resources</a></li> </ul></li> <li class="leaf menu-mlid-3623"><a href="/transition-finance/mapping">Transition Finance Consensus Mapping</a></li> <li class="leaf menu-mlid-3665"><a href="https://www.climatebonds.net/corporate-climate-transition" title="">Financing the Corporate Climate Transition with Bonds</a></li> <li class="last leaf menu-mlid-3667"><a href="https://www.climatebonds.net/markets/research-partnerships/ccif-aiib-amundi" title="">Companies and Climate Change: AIIB-Amundi Climate Change Investment Framework</a></li> </ul></li> </ul></div> </section> </div> </aside>  <section class="col-sm-9"> <ol class="breadcrumb"><li><a href="https://www.climatebonds.net/transition-finance-home" title="">Transition Finance</a></li> <li><a href="https://www.climatebonds.net/frameworks-assess-transition" title="">Frameworks to Assess Transition</a></li> <li class="active">Financing Credible Transitions - A framework for identifying credible transitions </li> </ol> <a id="main-content"></a> <h1 class="page-header">Financing Credible Transitions - A framework for identifying credible transitions </h1> <div class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <article id="node-54257" class="node node-page node-promoted clearfix"> <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><h1><img alt="" src="https://www.climatebonds.net/files/images/transition-finance/transition-paper/CBI_Transition_banners2.jpg" style="font-size: 13px; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); width: 800px; height: 178px;" /></h1> <p><a href="mailto:info@climatebonds.net"><img alt="" src="https://www.climatebonds.net/files/images/transition-finance/agri-foods/get-in-touch.png" style="opacity: 0.9; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); width: 200px; height: 84px; float: right;" /></a></p> <div> <h2><span style="color:#006699;">How to ensure the transition label has impact</span></h2> <h3><span style="color:#696969;">A joint Climate Bonds & Credit Suisse Whitepaper </span></h3> <hr /><div style="box-sizing: border-box; border-radius: 5px; font-family: Tahoma, Arial, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216); width: 300px; float: right; margin-left: 10px; margin-right: 10px; padding: 6px;"> <p style="box-sizing: border-box; margin: 0px 0px 10px;"><span style="font-size:14px;"><span style="font-weight: 700;">Resources:</span></span></p> <ol><li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div><a href="https://www.climatebonds.net/resources/reports/financing-credible-transitions"><span style="font-family: Tahoma, Arial, sans-serif; font-size: 14px; background-color: rgb(216, 216, 216);">Financing Credible Transitions (White Paper)</span></a></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"><a href="https://www.climatebonds.net/resources/reports/financing-credible-transitions-summary-note">Summary note: Financing Credible Transitions</a></li> <li> <div><a href="https://www.climatebonds.net/transition-finance-transforming-companies">Transition Finance for Transforming Companies</a></div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"> <div>Original <a href="https://www.climatebonds.net/resources/press-releases/2020/09/climate-bonds-initiative-and-credit-suisse-publish-financing">Press Release</a> from Sept 2020</div> </li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"><a href="https://www.climatebonds.net/2021/01/short-guide-financing-credible-transitions-inclusivity-part-1-3-new-2021-transition-series">Transition Feature: Inclusive</a></li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"><a href="https://www.climatebonds.net/2021/02/short-guide-financing-credible-transitions-part-2-3transition-needs-ambition-climate-bonds">Transition Feature: Ambition</a></li> <li style="box-sizing: border-box; margin: 0px 0px 10px;"><a href="https://www.climatebonds.net/2021/03/financing-credible-transitions-flexibility-core-feature-will-shape-transition-finance-part-3">Transition Feature: Flexible</a></li> </ol><p style="box-sizing: border-box; margin: 0px 0px 10px;"> </p> <p style="box-sizing: border-box; margin: 0px 0px 10px;"><strong>News:</strong></p> <p style="box-sizing: border-box; margin: 0px 0px 10px;"><a href="https://www.climatebonds.net/climate-bonds-standard-v4">Climate Bonds Standard Version 4.0 expands to Corporate Entity and SLB Certification</a></p> <p style="box-sizing: border-box; margin: 0px 0px 10px;"> </p> <p style="box-sizing: border-box; margin: 0px 0px 10px;"><em>Building a market for green transitions, </em>30<sup>th</sup> Nov 2020 </p> <div>Event speakers: </div> <div>Adam Matthews, Church of England Pensions Board; </div> <div>Anna Creed, Climate Bonds; </div> <div>Marissa Drew, Credit Suisse; </div> <div>Stephen Liberatore, Nuveen;</div> <div>Sean Kidney, Climate Bonds.</div> <div class="rtecenter" style="box-sizing: border-box; margin: 0px 0px 10px;"> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="150" scrolling="no" src="https://www.youtube.com/embed/m1nox0EmCtE" width="200"></iframe></div> <div style="box-sizing: border-box; margin: 0px 0px 10px;">Conference 2020 Session, 8<sup>th</sup> Sep: </div> <div style="box-sizing: border-box; margin: 0px 0px 10px;"><em>A Path Forward For Transition Finance</em></div> <div style="box-sizing: border-box; margin: 0px 0px 10px;"><a href="https://www.linkedin.com/in/marisa-drew-9532088">Marisa Drew</a>, Credit Suisse & <a href="https://www.linkedin.com/in/seankidney">Sean Kidney</a>, from Climate Bonds were hosted by Bloomberg television's <a href="https://www.bloombergmedia.com/talent/people/francine-lacqua/">Francine Lacqua</a> on the launch session of the new transition framework during the Conference 2020.</div> <p class="rteindent1"> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="120" scrolling="no" src="https://www.youtube.com/embed/BjOnodrsZkM" width="200"></iframe></p> </div> <p><a href="https://www.climatebonds.net/resources/reports/financing-credible-transitions"><img alt="" src="https://www.climatebonds.net/files/images/transition-finance/transition-paper/fin-cred-transitions-cover-thumbnail.png" style="width: 150px; height: 208px; margin-left: 13px; margin-right: 13px; float: left;" /></a></p> <div>The September 2020 whitepaper presented a framework for identifying credible transitions and had 2 purposes:</div> <div>1. <strong>Define transition as a concept </strong>by presenting a starting point for the market to see a credible brown to green transition as ambitious, inclusive and aligned with the Paris Agreement (thereby avoiding greenwash), providing the definition and meaning of transition finance.</div> <div>2. Put forward<strong> a framework for use of the transition label</strong> in practice and <strong>propose clearly demarcated roles for both a green and a transition label</strong>.</div> <div> </div> <div> A summary of this is available in the resources box 'summary note' along with the the whole paper 'Financing credible transitions (white paper)'. </div> <div> <hr /></div> <p><a href="https://www.climatebonds.net/files/files/Japanese-Financing-Credible-Transition.pdf"><img alt="" src="https://www.climatebonds.net/files/images/transition-finance/transition-paper/fct-jp-thumbnails.png" style="width: 150px; height: 206px; margin-left: 13px; margin-right: 13px; float: left;" /></a>本書では、パリ協定に沿った信頼できる移行を特定するためのフレームワークを提示する。<br /> 本書には2つの目的がある。<br /> 1. 信頼できる「ブラウン」から「グリーン」への移行が、野心的で包括的、かつパリ協定に沿ったものであると市場がみなすための出発点を提示することによって、移行を概念として定義する（それによりグリーンウォッシュを回避する）。<br /> 2. グリーンラベルとトランジションラベルの役割分担を明確にし、実際にトランジションラベルを活用するための枠組みを提案する。<br /> これらの提案の背景には、移行の性質は事業体によって異なり、経済活動の必要性や代替性、脱炭素化の短期的・長期的可能性に左右されるという認識がある。</p> <hr /><p><a href="https://www.climatebonds.net/transition-finance-home/%E0%B8%81%E0%B8%B2%E0%B8%A3%E0%B9%80%E0%B8%87%E0%B8%B4%E0%B8%99%E0%B8%81%E0%B8%B2%E0%B8%A3%E0%B9%80%E0%B8%9B%E0%B8%A5%E0%B8%B5%E0%B9%88%E0%B8%A2%E0%B8%99%E0%B8%9C%E0%B9%88%E0%B8%B2%E0%B8%99%E0%B8%97%E0%B8%B5%E0%B9%88%E0%B8%99%E0%B9%88%E0%B8%B2%E0%B9%80%E0%B8%8A%E0%B8%B7%E0%B9%88%E0%B8%AD%E0%B8%96%E0%B8%B7%E0%B8%AD"><img alt="" src="https://www.climatebonds.net/files/images/transition-finance/thai/fct-thai.png" style="width: 150px; height: 210px; float: left;" /></a><strong> </strong><b style="color: rgb(36, 36, 36); font-family: Calibri, sans-serif; font-size: 13.3333px;"><span style="border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 11pt; line-height: inherit; font-family: "Browallia New", sans-serif; font-optical-sizing: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; margin: 0px; padding: 0px; vertical-align: baseline; color: inherit;">การเงินเพื่อสนับสนุนการเปลี่ยนผ่าน</span></b></p> <p style="margin-left:5.2px;"><img alt="" src="https://www.climatebonds.net/files/images/Screenshot%202023-03-14%20at%2010_17_35.png" style="width: 400px; height: 153px;" /></p> <hr /><h3><span style="color:#0099cc;"><strong>1. Defining transition as a concept </strong></span></h3> <h3><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">Whilst the Green bond market has grown fast over recent years, there is insufficient volume and diversity of sectors and on their own, they will not deliver the goals of the Paris Agreement. To do this, all sectors of the economy will adjust to operate effectively in a low carbon economy. For many sectors - especially the high carbon emitting sectors - they may need to fundamentally reshape and transform their strategy in light of the challenges of a changing climate.</span></span></h3> <h3><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">The paper presented <a href="https://www.climatebonds.net/principles-transition"><span style="color:#006699;"><strong>5 Core Principles for an ambitious transition</strong></span></a> that need to be considered for any organisation looking to transition in order to ensure that transition is done in the right way. If a bond meets these principles, it’s important to also check that:</span></span></h3> <ul style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 14px;"><li style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">there is sufficient information to enable an informed decision to be made;</span></span></li> </ul><ul style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 14px;"><li style="box-sizing: border-box;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">that it doesn’t contribute to locking in GHG intensive infrastructure.</span></span></li> </ul><p> </p> <p><img alt="" src="https://www.climatebonds.net/files/images/Greenwash%282%29.jpg" style="width: 450px; height: 291px;" /></p> <p><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;">In addition, the paper presented 3 key features that a transition must display: </span></span></p> <p><strong>Three common features for Transition</strong></p> <p style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;">• <span style="box-sizing: border-box; font-weight: 700;">Ambitious</span> – this means aiming high i.e. in line with 1.5 degrees or has a significant emissions reduction potential) and aiming well i.e </span>ensuring that reductions are real (no offsets) and plans are real (not just a plan to have a plan).</span></span></p> <p style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;">• <span style="box-sizing: border-box; font-weight: 700;">Flexible</span> – applicable to whole entities, everything they do, and a range of associated financial products</span></span></span></p> <p style="box-sizing: border-box; margin: 0px 0px 10px; font-size: 14px;"><span style="font-size:14px;"><span style="font-family:arial,helvetica,sans-serif;"><span style="box-sizing: border-box;">• <span style="box-sizing: border-box; font-weight: 700;">Inclusive</span> – allow all sectors and activities to participate as long as they demonstrate compliance with the principles and framework outline</span></span></span></p> <p> </p> <hr /><h3><span style="color:#0099cc;"><strong>2. A framework for use of the transition label</strong></span></h3> <div>Some low-emissions solutions are already available in some sectors, and transition should therefore be towards those solutions. For others, there are no solutions yet, but substitute low-emission activities exist and so the transition should be towards better alternatives. The nature of transition differs depending on the need and potential to decarbonise them. Different financial mechanisms can be employed to fund this transition and can be tailored to engage the appropriate investor:</div> <h2><img alt="" src="https://www.climatebonds.net/files/images/transition-finance/transition-paper/CBI_Transition_T_01.jpg" style="width: 600px; height: 300px; float: right;" /></h2> <h2> </h2> <h2><span style="color:#0099cc;">Multiple pathways to achieve Paris goals and the SDGs</span></h2> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <hr /><p><img alt="" src="https://www.climatebonds.net/files/images/transition-finance/transition-paper/CBI_Transition_T_013.jpg" style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); width: 600px; height: 300px; float: left;" /></p> <h2><a href="https://www.climatebonds.net/transition-finance-transforming-companies"><span style="color:#0099cc;">A flexible framework applicable to whole entities and everything that they do</span></a></h2> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> </div> </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 menu-mlid-835"><a href="https://www.climatebonds.net/standard/the-standard" title="">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 menu-mlid-1378"><a href="/standard/sector-criteria">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 active-trail menu-mlid-2065 active"><a href="https://www.climatebonds.net/transition-finance-home" title="" class="active-trail">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 active-trail menu-mlid-2801 active"><a href="https://www.climatebonds.net/frameworks-assess-transition" title="" class="active-trail">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>