Climate Transition Bond Guidelines : November 2025

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<title>Climate Transition Bond Guidelines
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<subTitle>: November 2025</subTitle>
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<namePart>International Capital Market Association</namePart>
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<publisher>International Capital Market Association</publisher>
<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary"> The document provides voluntary standards for issuing bonds aimed at financing credible climate transition projects, particularly in hard-to-abate sectors, to support the goals of the Paris Agreement. They introduce the Climate Transition Bond (CTB) label for use-of-proceeds bonds, outline safeguards to ensure projects deliver substantial and measurable greenhouse gas reductions, and recommend transparency in project evaluation, management of proceeds, and impact reporting. The guidelines also address Sustainability-Linked Bonds for high-emission issuers, emphasizing ambitious, science-based targets and independent validation. Additionally, they include annexes on taxonomies, decarbonization pathways, and strategies to avoid carbon lock-in risks, creating a comprehensive framework to mobilize capital for global decarbonization and transition finance</abstract>
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<topic>Transición energética</topic>
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<topic>Bonos</topic>
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<topic>Inversiones socialmente responsables</topic>
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<topic>Acuerdo de París</topic>
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<topic>Efecto invernadero</topic>
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<topic>Transparencia informativa</topic>
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<topic>Sostenibilidad</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20220004336">
<topic>Descarbonización</topic>
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<topic>Fondos de inversión</topic>
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<topic>Productos financieros</topic>
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<topic>Bonos verdes</topic>
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<url displayLabel="electronic resource" usage="primary display">https://www.icmagroup.org/assets/documents/Sustainable-finance/2025-updates/Climate-Transition-Bond-Guidelines-CTBG-November-2025.pdf</url>
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