for hydropower projects are described in Steps 2, 3 & 4. 2. Comply with Mitigation Criteria Generation facilities becoming operational pre-2020 must have a GHG footprint of less than 100g CO2e/ kWh or

. The vast majority of these green projects are focused on climate change mitigation or adaptation, but there is a small share of the market, which also funds green, non-climate projects, such as green

for their time and valuable expertise that helped shape these Criteria. A full list of all TWG and IWG members is available here. We would like to extend our sincere gratitude to Stockholm International

have the relevant expertise and experience in the area which they are reviewing. The external reviewers’ credentials and scope of review conducted must be made publicly accessible from a website

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 Standard v2.1) and a

external reviewers. It refers to eligible Project categories contributing to five high level environmental objectives (climate change mitigation, climate change adaptation, natural resource conservation

contribute to environmental objectives such as: climate change mitigation, climate change adaptation, natural resource conservation, biodiversity conservation, and pollution prevention and control. The

degradation) 13,15 Protection and restoration of biodiversity and ecosystems Climate Change Mitigation CDP Forest, SBTN, Internationally recognised benchmark standards for sustainable forest management (e.g

weather patterns, and withstand the pressures placed on food security by population growth. • Agriculture differs from most other sectors when considering climate change mitigation as it can act as both a

experience, expertise, and readiness to directly store financial assets, enabling them to offer services to other entities with the same primary shareholders if those providers can comply with following