CBI kicks-off work on Agri-Food transitions Criteria Development

Agri-food systems are responsible for 31% of global anthropogenic greenhouse gas (GHG) emissions, account for 70% of all water withdrawals and are the main driver of global biodiversity loss.

Climate Bond Initiative (CBI) has kicked-off the Agri-Food transitions Criteria Development, that will build upon existing Agriculture Criteria. The updated Criteria will include expanded scope allowing for the certification of entities and Sustainability Linked Bonds (SLBs) in the crop and livestock production sectors. It will also define and evaluate crop and livestock production companies by encompassing various components, including climate mitigation, climate adaptation and resilience, land use change, biodiversity, water use and quality, food loss and waste, circularity, and just transition.

The early stage of Criteria development involves the consultation of technical and industry experts in the crop and livestock sectors. The final publication date of the new Criteria is expected by the end of 2023.