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Agriculture Criteria: Climate Bonds Standard & Certification Scheme

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ThisCriteria document provides all the requirements that must be met for agriculture related assets and projects to be awarded Climate Bonds Certification. The purpose is to provide instruction to issuers and verifiers about the requirements of the Agriculture Criteria. The Criteria document is supported by a background document that captures the various dialogues and inputs and substantiates the reasoning behind the requirements set in the Agriculture Criteria.

The Criteria are developed through a consultative process with Technical Working Groups (TWGs) and Industry Working Groups (IWGs), and through public consultation. The TWGs comprise academic and research institutions, civil society organizations, multilateral banks and specialist consultancies, whereas IWGs are represented by industry experts including potential bond issuers and investors. The list of TWG and IWG members is provided in Appendix 7. A period of public consultation offers the opportunity to any member of the public to comment on the Criteria.

This document describes:
- The scope of agriculture-related activities and associated assets and projects eligible for certification under the Climate Bonds Standard (Section 2)
- The Criteria that the related use of proceeds must meet to be certifiable for a Certified Climate Bond (Section 3)

Supplementary information available in addition to this document includes:
1. Agriculture Criteria Brochure: a short summary of the Agriculture Criteria.
2. Agriculture Background Paper: full background to the process of determining these Criteria, including issues raised and discussed by the TWG, and arguments and rationales for the approaches and decision taken.
3. Climate Bonds Standard V3.0: the umbrella document laying out the common requirements that all Certified Climate Bonds need to meet, in addition to the sector-specific Criteria (V3.0is the most recent version).
4. Climate Bonds Standard & Certification Scheme Brochure: an overview of the purpose, context, and requirements of the Climate Bonds Standard & Certification Scheme.

Citation

Wollenberg E, Stirling C, Havlík P, van Vuuren D, Stehfest E, Dittmer KM. 2021. Agriculture Criteria: Climate Bonds Standard & Certification Scheme. London, UK: Climate Bonds Initiative.

Authors

  • Wollenberg, Eva K.
  • Stirling, Claire
  • Havlík, Petr
  • Vuuren, Detlef van
  • Stehfest, Elke
  • Dittmer, Kyle M