The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds and loans. Rigorous scientific criteria ensure that bonds and loans with Certification, are consistent with the 2 degrees Celsius warming limit in the Paris Agreement. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.




Timeline of Development:

September 2021: TWG Launch   




Status: The Cement Criteria are in development.


Criteria: The Cement Criteria lay out the requirements that Cement production asset, projects must meet to be eligible for inclusion in a Certified Climate Bond and for company's on a credible transition path to issue transition labelled debt. The Criteria apply to manufacture and production of Cement and do not address other stages of the value chain. 

The Criteria contain Mitigation Requirements, Adaptation & Resilience Requirements and Transition Requirements.

Bonds and loans linked to these eligible assets and projects will be aligned with the Paris Agreement 1.5oC limit.


Public consultation:

Public consultation is scheduled to begin in Feb 2022 and will last for 60 days.

A webinar to launch the consultation will be scheduled in February and will provide an opportunity for interested parties to learn more about the Criteria and to ask questions. The webinar will be recorded and will posted on this page. 


Why develop eligibility Criteria for cement investments?

Improved guidance, such as these Criteria, will guide investors to invest in credible transition activity; guide asset owners to upgrade and guide policy makers to incentivise the transition and can be utilised by governments in setting regulation or recommendations for decarbonising the sector.


The Technical and Industry Working Groups (TWG and IWG)

To create the Criteria, we convened a Technical Working Group (TWG) and an Industry Working Group (IWG) with representatives from investors, public entities, research institutes and international policy bodies from around the world.  These experts ensure a robust pragmatic criteria is developed.


The Basic Chemicals Criteria Technical Working Group Members

University of Cambridge

Cyrille Dunant

University of Cape Town

Prof. Mark Alexander

University of Antwerp, Belgium

Zhi Cao

Wuppertal Institut für Klima, Umwelt, Energie Germany

Georg Holtz

Universidade de São Paulo

Prof. Vanderley John

China Building Materials Academy

Li Juan


Ioanna Kourti



Rocky Mountain Institute 

Estefania Marchan

École polytechnique fédérale de Lausanne

Prof. Karen Scrivener


Kira West


Cassio Xavier