GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES

This guide by the Climate Bonds Initiative provides a framework for issuing certified green bonds in the forestry sector, with a specific focus on the Brazilian market. It outlines the Climate Bonds Standard, the certification process, and the scientific criteria required to ensure investments align with the goal of limiting global temperature rise to 1.5ºC.

• The Climate Bonds Standard is a voluntary labeling scheme for debt instruments and entities designed to align investments with the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius. As of January 2023, the Certification Scheme has been applied to hundreds of debt instruments totaling 260 billion dollars in equivalents.
• Brazil presents significant opportunities for forestry green bonds because more than 60% of its territory is covered by forests. The forestry sector, particularly pulp and paper companies, leads the Brazilian green bond subsector, following the first green bond issued by Suzano in 2016.
• The certification process for forestry bonds consists of three main stages: pre-issuance (identifying eligible resources, creating a green bond framework, and engaging a verifier), issuance (obtaining the verification report, engaging investors, and listing on platforms like Nasdaq or IADB), and post-issuance (submitting a verification report within 12-24 months and annual update reports).
• To be eligible for certification, forestry projects must meet specific mitigation and resilience criteria. Mitigation requires no natural landscape conversion since 2010 and the maintenance of carbon stocks, often evidenced by FSC or PEFC certifications (including Cerflor in Brazil). Resilience requires vulnerability and risk assessments, management or adaptation plans, and adherence to the ecoregion approach for conservation and restoration.
• Eligible forestry assets and activities include forest planting, forest restoration, forest conservation, sustainable forest management, and the production of non-timber forest products (NTFP). Specific eligible costs include the installation and maintenance of protection measures, such as forest guards and monitoring equipment, as well as GIS analysis and satellite data collection.

APA

Climate Bonds Initiative (n.d.). GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES. https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Forestry%20Brochure_27b_March%202023.pdf

Chicago

Climate Bonds Initiative. GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES. n.d. https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Forestry%20Brochure_27b_March%202023.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES |url=https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Forestry%20Brochure_27b_March%202023.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendguia, author = {{Climate Bonds Initiative}}, title = {{GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Forestry%20Brochure_27b_March%202023.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }