against beneficiaries’ interests and improve the sustainability and resilience of the financial system? Introducing Active Ownership 2.0 11 Addressing sustainability risks + seeking outcomes Direct

used to deliver climate change solutions. This may be through climate mitigation impact and/ or climate adaptation or resilience. The CBS is made up of two parts: the parent standard (Climate Bonds

requirements to comply with the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR) guidelines which require banks to hold sufficient liquid assets to improve the resilience of banks against

A dynamic approach to criteria development This is the first version of the Grids and Storage Criteria. However, all Climate Bonds criteria aim to improve in line with industry best practice and

generated outside of the production system that enable mitigation or climate adaptation and resilience on production systems can include a variety of capital and operating expenditure associated with the

Benchmarks Climate Change Adaption Resilience Resilience benefit, Investment (Capex, R&D) 9, 13 Climate Change Adaptation Public sector funding in developed countries or financing from international

solutions. This may be through climate mitigation impact and/ or climate adaptation or resilience impact. The CBS is made up of two parts: the parent standard (Climate Bonds Standard v2.1) and a suite of

might affect the climate resilience of other users/stakeholders? Waste Management Criteria 15 ● Any ways in which waste management facilities improve the adaptation capacity of other users/stakeholders

.................................................................................................... 12 4.2. Mitigation Component ...................................................................................................................... 17 4.3. Adaptation & Resilience Component

between business, nature and society needs to be rebalanced. Over the course of the next decade, businesses will need to evolve, establishing new operating models that strengthen the resilience of people