Climate Bonds Resilience Taxonomy

The Climate Bonds Resilience Taxonomy (CBRT) is a framework designed to identify, classify, and qualify investments that contribute to climate adaptation and resilience. It provides a structured system for financial institutions, governments, and corporations to mobilize finance toward projects that mitigate physical climate risks across seven key themes, including infrastructure, health, and natural systems.

• The CBRT is a spreadsheet-based framework used to identify and qualify investments that strengthen resilience to physical climate risks and deal with climate change impacts. It is intended to accelerate the mobilization of finance via loans and bonds, and to inform the creation of national or regional sustainable taxonomies.
• The taxonomy organizes investments into seven climate resilience themes: Resilient Cities & Settlements, Resilient Social Systems, Resilient Health Systems, Resilient Infrastructure, Resilient Industry & Commerce, Resilient Natural Systems, and Resilient Agrifood Systems. These are further divided into sectors and subsectors to ensure interoperability with systems like the International Standard Industrial Classification of All Economic Activities (ISIC).
• To be included in the CBRT, an investment must respond to at least one specific physical climate hazard. These hazards 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 CBRT classifies investments by type and contribution method. It distinguishes between 'activities' (economic activities delivering goods/services) and 'measures' (specific interventions within an asset). It further differentiates between 'adapted' investments (which are themselves resilient) and 'enabling' investments (which enable the resilience of other assets).
• For an investment to qualify under the CBRT, it must satisfy three core requirements: it must make a substantial contribution to climate resilience (reducing vulnerability or exposure), manage any potential maladaptation risks, and do no significant harm (DNSH) to climate change mitigation objectives by avoiding significant increases in GHG emissions.
• The CBRT employs three levels of assessment to determine eligibility: 'no assessment' (automatically eligible adapting measures), 'simplified assessment' (technical specification checks for adapting measures), and 'process-based assessment' (checking steps taken to manage material physical climate risks for all other types).
• Eligible costs vary by investment type: for adapting measures, only the specific intervention cost is eligible; for adapted activities, only the cost of adaptation measures is eligible; for enabling measures, only the measure itself is eligible; and for enabling activities, the entire cost (capital and operating expenditure) is eligible.
• Investments aligned with the CBRT can be certified using the Climate Bonds Standard Resilience Criteria for Use of Proceeds (UoP) and Asset Certification. This includes investments that are not listed verbatim but 'closely match' a listed investment in terms of theme, hazard, type, and output-level contribution.

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} }