Climate Bonds Resilience Taxonomy

The Climate Bonds Resilience Taxonomy (CBRT) is a framework designed to classify, identify, and qualify investments that contribute to climate adaptation and resilience. It provides a structured approach for financial institutions, public bodies, and firms to allocate capital toward resilience, ensuring investments make a substantial contribution to climate resilience while avoiding maladaptation and significant harm to climate mitigation goals.

• The CBRT is a classification framework for investments contributing to climate adaptation and resilience, designed to accelerate finance allocation in response to climate change impacts. It supports the identification of resilience investments in debt issues, loans, and capital allocation decisions, and can inform national or regional sustainable taxonomies.
• The taxonomy organizes climate resilience investments into seven broad themes: Resilient Agrifood Systems, Resilient Cities & Settlements, Resilient Health, Resilient Industry & Commerce, Resilient Infrastructure, Resilient Natural Systems, and Resilient Social Systems. These themes are based on sources such as the Paris Agreement NDCs, the IPCC Sixth Assessment Report (AR6), and the Sustainable Development Goals (SDGs).
• Investments are classified by theme, sector, and subsector, with a structure that allows mapping to the International Standard Industrial Classification of All Economic Activities (ISIC) for interoperability. To be included, an investment must respond to at least one of nine physical climate hazards: heat stress, cold stress, water stress, flood damage, storm damage, mass movement damage, wildfire damage, changes to marine conditions, or be 'multi-hazard'.
• The CBRT distinguishes between 'activities' (economic activities delivering goods or services) and 'measures' (specific interventions within an asset or activity). It further categorizes investments as 'adapted' (resilient themselves) or 'enabling' (making other assets or activities resilient). This results in four investment types: adapted activities, enabling activities, adapting measures, and enabling measures.
• To align with the CBRT, an investment must meet three primary requirements: it must make a 'substantial contribution' to climate resilience (reducing vulnerability or exposure), manage 'maladaptation risks' (avoiding unintended increases in vulnerability), and 'do no significant harm' (DNSH) to climate change mitigation by avoiding significant increases in GHG emissions.
• The CBRT employs three levels of assessment for substantial contribution and maladaptation: 'automatically eligible' (no assessment needed for certain adapting measures), 'simplified assessment' (a technical specification check), and 'process-based assessment' (required for all other types, involving the identification and management of material physical climate risks).
• Eligible costs vary by investment type: for adapting measures and enabling measures, only the cost of the specific intervention or measure is eligible; for adapted activities, only the cost of the adaptation measures within the activity is eligible; for enabling activities, the entire cost (capital and operating expenditure) is eligible.

APA

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

Chicago

Climate Bonds Initiative. Climate Bonds Resilience Taxonomy. n.d. https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Resilience-Taxonomy-Guide.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-Guide.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-Guide.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }