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Climate Bonds Resilience Taxonomy
The Climate Bonds Resilience Taxonomy (CBRT) is a classification framework for climate resilience investments, designed to accelerate finance allocation toward adaptation. It organizes investments by seven themes, sectors, and subsectors, requiring that they respond to specific physical climate hazards. To qualify, investments must make a 'substantial contribution to climate resilience', manage maladaptation risks, and 'do no significant harm (DNSH)' to climate change mitigation. The CBRT distinguishes between 'adapted' and 'enabling' investments, and between 'activities' and 'measures', applying different assessment levels—ranging from automatic eligibility to complex process-based assessments—depending on the investment type.
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Document type: Guide