ELIGIBLE COMMERCIAL BUILDINGSEUROPE
Low Carbon Buildings Criteria Under theClimate Bonds Standard
What are the Low Carbon Buildings Criteria?
CBI Buildings Low Carbon Criteria aretechnical standards that buildings or apor olio of buildings must sa sfy to beeligible as nominated Use of Proceeds(UoP) bond, in a cer ed Climate Bond.
Any bond being cer ed must also meet the repor ng
and transparency requirements of the overarching
Climate Bond Standard (v3.0).
This brochure outlines the new and exis ng Buildings
Criteria for commercial buildings in Europe. For fulldetails on the methodology and requirements, refer tothe detailed New Building Criteria document.
How do we determine what a low carbon building is?
Low carbon emissions trajectories or proxy’s,represent rapid decarbonisa on trajectories alignedwith the goals of Paris Agreement to limit global
warming to 1.5 degrees.
•Trajectories are expressed as an emission intensity
metric (kgCO2/m2), while•

Accepted proxies represent a range of na onal
and interna onal building codes and sustainability
ra ng schemes that represents the top 15% bestenergy performance of the considered buildings inthat speci c country. Informa on assessed todetermine them are: build year, post occupancy
evalua ons, performance ra ng and standards.

When does a commercial building in Europe become
eligible for cer ca on?
It is eligible for cer ca on if it meets the following
Climate Bonds requirements:
It meets the low carbon emissions trajectory OR
an approved proxy.

How have the trajectories been established?
Trajectories have been established by taking theemissions intensity of the top 15% of buildings in thatcity and a linear pathway is drawn down to zerocarbon in 2050. They are loca on speci c to re ect anumber of factors which vary signi cantly by region.
About this document
This brochure contains informa on on the new
trajectories established in Europe. CBI had ini ally
developed trajectories in the European region
covering 50 ci es. Recent updates to this work, and incollabora on with FluxCo have expanded these
trajectories, now totalling 699 ci es in Europe.
Please nd here the link to the webpage of the Europe
ci es baseline es mates map.
How to use the webpage
The link takes you to a map containing points loca ons
around Europe (ci es/countries) for which a trajectoryhas been developed. When you select a loca on, thebaseline target carbon emissions (kgCO2/m2) for thatloca on as well as the informa on on the city’s energy
supplier mix, percentage mix (of electricity and gas),
Normalised Carbon Intensity (NCI) is presented. A net
zero pathway (trajectory) is provided from thebaseline emissions intensity towards zero target(achieved by 2050).
Want more informa on?
Please contact us at standards@climatebonds.net
regarding the Low Carbon Building Criteria.

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Low Carbon Building Criteria, Jan 2023

It has or will undergo an upgrade or retro t which
reduces its emissions intensity by 30- 50%(depending on the tenor of the bond).

ti••Disclaimer: informa on within this communica on should be taken as such, nor should any informa on in this communica on be relied upon in making anyinvestment decision. A decision to invest in anything is solely yours. The Climate Bonds Ini a ve accepts no liability of any kind, for any investment an individualor organisa on makes, nor for any investment made by third par es on behalf of an individual or organisa on, based in whole or in part on any informa on
contained within this, or any other Climate Bonds Ini a ve public communica on. © Climate Bonds Ini a vetititititititititititititiClimate Bonds Ini a vetitititi

Low Carbon Building Criteria, Jan 2023