A List of Debt Instruments for Certification under the Climate Bonds Standard version 2.1

The Climate Bonds Initiative (CBI) has expanded the Climate Bonds Standard version 2.1 to include a wider variety of debt instruments for certification. Beyond standard bonds, eligible instruments now include revenue bonds, project bonds, securitized bonds, green bond funds (specifically the debt instruments they issue), convertible bonds, Schuldschein loans, syndicated loans, loan facilities, commercial paper, bilateral loans, and Sukuk. The document defines these instruments and provides examples of certified entities, such as NAB, ANZ, and Nordex, to support the mobilization of debt capital for climate solutions.

• The Climate Bonds Standard version 2.1 introduces a broader definition of eligible debt instruments through the category of "Other Debt Instrument", which refers to a list maintained on the Climate Bonds Initiative website.
• Eligible debt instruments for certification include various bond types such as standard recourse-to-the-issuer bonds, non-recourse revenue bonds, project bonds, and securitized bonds (including ABS and MBS).
• Certification is extended to non-bond debt instruments, including loan-based structures like syndicated loans, bilateral loans, loan facilities, and the German Schuldschein, as well as short-term commercial paper.

APA

Climate Bonds Initiative (n.d.). A List of Debt Instruments for Certification under the Climate Bonds Standard version 2.1. https://www.climatebonds.net/files/drupal-files/files/CBS%20Version%202_1%20-%20List%20of%20debt%20instruments%20-%20updated%20-%20Jan2017%281%29.pdf

Chicago

Climate Bonds Initiative. A List of Debt Instruments for Certification under the Climate Bonds Standard version 2.1. n.d. https://www.climatebonds.net/files/drupal-files/files/CBS%20Version%202_1%20-%20List%20of%20debt%20instruments%20-%20updated%20-%20Jan2017%281%29.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=A List of Debt Instruments for Certification under the Climate Bonds Standard version 2.1 |url=https://www.climatebonds.net/files/drupal-files/files/CBS%20Version%202_1%20-%20List%20of%20debt%20instruments%20-%20updated%20-%20Jan2017%281%29.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendlist, author = {{Climate Bonds Initiative}}, title = {{A List of Debt Instruments for Certification under the Climate Bonds Standard version 2.1}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/CBS%20Version%202_1%20-%20List%20of%20debt%20instruments%20-%20updated%20-%20Jan2017%281%29.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }