Climate Bonds’ Resilience Taxonomy

The Climate Bonds’ Resilience Taxonomy (CBRT) is a classification system designed to help corporate infrastructure issuers identify and verify investments that contribute to climate adaptation and resilience. Currently in an interim phase with draft screening criteria, the CBRT covers over 1,400 investments across seven resilience themes, providing a framework for determining eligibility, alignment, and eligible costs for thematic bonds.

• The CBRT is a classification system containing over 1,400 potential investments organized across seven climate resilience themes: Natural Systems, Industry & Commerce, Health Systems, Agri-food Systems, Cities & Settlements, Social Systems, and Infrastructure.
• To be eligible, investments must meet three core requirements: they must provide a substantial contribution to resilience (reducing vulnerability or exposure), avoid maladaptation risk (not displacing risks elsewhere), and Do No Significant Harm (DNSH) to other sustainability objectives, such as climate mitigation or social rights.
• Investments are categorized into different types that determine their screening process and eligible costs. 'Adapting measures' only allow the cost of the specific intervention to be eligible, while 'Enabling activities' allow the entire investment cost (capex and opex) to be included in a resilience bond.
• The taxonomy utilizes a tiered screening approach: 437 investments are 'whitelisted' (deemed to make a substantial contribution in all contexts), while others require technical specifications, global thresholds, local thresholds, or a complex process-based approach.
• The CBRT is designed for interoperability with other major frameworks, aligning with the core definitions and principles of the EU Taxonomy, the MDB joint methodology for tracking climate change adaptation finance, and the Common Framework of Sustainable Finance Taxonomies for Latin America and the Caribbean.
• The system is currently in an interim phase (started late 2024) with draft screening criteria. Future versions will introduce full CBRT Certification through the Climate Bonds Initiative and a complete set of approved proxies and high maladaptation risk flags.

APA

Climate Bonds Initiative (2025). Climate Bonds’ Resilience Taxonomy. https://www.climatebonds.net/files/documents/publications/20251112_CBRT-User-Guide.pdf

Chicago

Climate Bonds Initiative. Climate Bonds’ Resilience Taxonomy. 2025. https://www.climatebonds.net/files/documents/publications/20251112_CBRT-User-Guide.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Climate Bonds’ Resilience Taxonomy |date=November 2025 |url=https://www.climatebonds.net/files/documents/publications/20251112_CBRT-User-Guide.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2025climate, author = {{Climate Bonds Initiative}}, title = {{Climate Bonds’ Resilience Taxonomy}}, institution = {Climate Bonds Initiative}, year = {2025}, month = nov, url = {https://www.climatebonds.net/files/documents/publications/20251112_CBRT-User-Guide.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }