Climate Bonds Resilience Taxonomy

The Climate Bonds Resilience Taxonomy (CBRT) is a spreadsheet-based framework used to classify investments that strengthen resilience to physical climate risks. It organizes investments into seven themes—including Resilient Infrastructure and Resilient Natural Systems—and requires that qualifying investments make a substantial contribution to resilience, manage maladaptation risks, and do no significant harm to climate mitigation. The CBRT differentiates between adapted and enabling investments, as well as activities and measures, providing a structured pathway for debt issuances, such as bonds and loans, to be certified under the Climate Bonds Standard.

• The CBRT classifies climate resilience investments across seven primary themes: Resilient Cities & Settlements, Resilient Social Systems, Resilient Health Systems, Resilient Infrastructure, Resilient Industry & Commerce, Resilient Natural Systems, and Resilient Agrifood Systems.
• To be included in the taxonomy, an investment must respond to at least one specific physical climate hazard, which include heat stress, cold stress, water stress, flood damage, storm damage, mass movement damage, wildfire damage, changes to marine conditions, or multi-hazard scenarios.
• The framework distinguishes between two types of investments based on their contribution to resilience: 'Adapted' (or adapting) investments, which incorporate features to reduce physical climate risks to the investment itself, and 'Enabling' investments, which facilitate the resilience of other assets, activities, or entities.
• The CBRT further differentiates between 'Activities', which are economic activities delivering goods or services, and 'Measures', which are specific interventions within an asset, activity, or entity.
• For an investment to qualify under the CBRT, it must satisfy three core requirements: it must deliver a measurable reduction in vulnerability to physical climate impacts, manage any potential maladaptation risks, and do no significant harm (DNSH) to climate change mitigation objectives by avoiding a significant increase in greenhouse gas emissions.
• The CBRT defines four specific investment types with different cost eligibility rules: for adapting measures and enabling measures, only the cost of the specific intervention/measure is eligible; for adapted activities, only the cost of adaptation measures within the activity is eligible; and for enabling activities, the entire cost (capital and operating expenditure) is eligible.
• Investments are assessed for eligibility through three possible pathways: automatic eligibility (only for adapting measures expected to contribute across broad contexts), simplified assessment (technical specification checks for adapting measures), or process-based assessment (required for all adapted activities, enabling measures, and enabling activities).

APA

Climate Bonds Initiative (n.d.). Climate Bonds Resilience Taxonomy. https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Resilience-Taxonomy-Brochure.pdf

Chicago

Climate Bonds Initiative. Climate Bonds Resilience Taxonomy. n.d. https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Resilience-Taxonomy-Brochure.pdf.

Wikipedia

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

BibTeX

@techreport{climatebondsinitiativendclimate, author = {{Climate Bonds Initiative}}, title = {{Climate Bonds Resilience Taxonomy}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Resilience-Taxonomy-Brochure.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }