THE WASTE MANAGEMENT CRITERIAClimate Bonds Standard

What are the Waste ManagementCriteria?
These Criteria cover waste management
operations at all levels of the hierarchy,
except prevention and disposal. For waste
collection and transport, please refer to the Transport Criteria.
Waste Management Criteria are defined for storage infrastructure,sorting and MRFs, reuse and recycling, composting and anaerobic
digestion, incineration with energy recovery (outside the EU) andlandfill gas recovery.

Waste Sorting
Assets covered

Eligibility Criteria

Sorting facilities

Facilities sorting mixed recyclables into
separate glass, metal, plastic, paper, etc.
are eligible for certification where theoutputs are demonstrated via invoices
or weighbridge tickets to go to facilities
that are or would be certifiable under
CBI’s criteria.

(Includes material
recovery facilities(MRFs) and some
MBT plants.

Facilities processing mixed residual waste
to produce feedstock for EfW are eligible
where the outputs are demonstrated via
invoices or weighbridge tickets to go tofacilities that are or would be certifiable
under CBI’s criteria.

Waste Collection
Assets covered

Eligibility Criteria

ISO containers,recycling bins,
wheeled bins,
green/ garden
waste containers

Made from 100% recycled andrecyclable materials. Containers forresidual waste will not be eligible unlesspart of an investment that also includes
an equivalent number of separate
containers for material recycling.
Support source segregation of waste.

Collection vehicles

Must meet Transport Criteria

Waste Storage
Assets covered

Eligibility Criteria

Storage andbulking facilities

Dedicated to eligible waste processing
asset(s) downstream. Those
downstream assets do not need to becertified but do need to meet the criteria
for that asset type. All waste stored
must be transferred to those assets.

Collection vehicles

Must meet Transport Criteria

Recycling and Reuse
Assets covered

Eligibility Criteria

Facilities processing
recyclable waste
fractions into
secondary rawmaterials

The secondary raw materials (such as
steel, aluminum, glass, plastics) cease
to be waste and are sold to be used as
secondary raw materials.

Facilities
collecting, sort,clean, refurbish,recondition and/or repair products

The products are put back to their
original use without any further preprocessing required.
For waste electrical and electronicequipment (WEEE) specifically, theproduct is covered by an ecolabelling
scheme and only those products
meeting the three lowest energy use
categories are eligible.

Composting
Assets covered

Eligibility Criteria

Facilities
processing foodand/ or green/
garden/ yard
waste to produce
compost for
agricultural,municipal orconsumer
applications• Zero measurable methane emissions• Monitoring, sampling and control of thefollowing is carried out in accordancewith PAS100 guidance or equivalent
national or state standard or guidance:- Waste inputs,- The process, and- Product quality.
• The resulting product is not landfilledand replaces non-waste material inthe market.

The Waste Management Criteria Climate Bonds Standard December 2019

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Landfill Gas Recovery

Assets covered

Eligibility Criteria

Assets covered

Eligibility Criteria

Facilities which
produce powerand/ or heatusing food and/or green/ yard
waste

• Total methane emissions <= 1285g CH4/
tonne of waste input (this is approximately
equivalent to 100g CO2e/ kWh• Woody waste must be segregated before
or after processing and sent to an eligible
EfW or composting plant• Monitoring, sampling and control of thefollowing is carried out in accordance with
PAS110 guidance or equivalent national orstate standard or guidance:• Waste inputs,• The process, and• Product quality.
• “The solid and liquid products are
not landfilled and replace non-wastematerials in the market.

Projects tocapture biogas
from closed
landfill facilities• Gas capture >= 75%; AND• Gas used to generate electricity and input
to the natural gas grid or used as vehicle
fuel; AND• The landfill is not accepting furtherwaste (with the exception of restorationmaterials)

Adaptation & Resilience Requirements
Framework for Criteria addressing Climate Adaptation and Resilience
Municipal waste management has the potential to improve theresilience of ecosystems to climate change by preventing waste,emissions and other pollutants from entering the environment. And
conversely, climate change can influence the resilience of assets andfacilities via an increased number and intensity of weather events,
coastal inundation, and more extreme temperatures.
Therefore, specific requirements about climate change adaptation
and resilience are included to ensure that; waste management
facilities are resilient to climate change; and waste management
assets/projects have no negative impact on climate resilience ofareas in, or beyond that in, which they are operated.
The climate risk posed to the waste management sector is more about
asset level resilience and hence the siting of facilities. Therefore, thoseseeking certification for waste management assets and projects will berequired to conduct a climate risk assessment and have an adaptation
plan where high risks are identified – assessed via theFurther information sources
Want to Certify, or just know more?
Take a look at these resources:• Waste Management Criteriahomepage• Climate Bonds Standard V3
For more information:
Go to www.climatebonds.net
Email certification@climatebonds.net

Energy from Waste (outside the EU only)
Assets covered

Eligibility Criteria

Facilities which
produce powerand/ or heat/cooling by thethermal processingof residual waste,
including rejects
from recycling/
composting/ AD

For EfW facilities outside the EU only:• Plant efficiency >= 25%; AND• Bottom ash recovery; AND• >= 90% recovery of metal from ash; AND• Average carbon intensity of electricity
and/ or heat over the life of the plant <=waste management allowance; AND• The capacity of the plant does not exceed
the calculated residual waste at any timein the plant’s life.
EfW facilities within the EU are not eligible forcertification.

Adaptation and Resilience Checklist
All elements of this checklist must be addressed, withappropriate evidence provided that these requirements are being
met or are not applicable in respect of the specific assets andprojects linked to the bond. It is expected that the evidence
will encompass a range of assessment and impact reports andassociated data, including, but not limited to, those reportsrequired to meet national and local licensing and approvalprocesses. This might include Development Consent Orders,
Environmental Impact Assessments, Vulnerability Assessments
and associated Adaptation Plans.

Checklist for evaluating the Issuer’s Adaptation & Resilience
performance in respect of a waste management facility
Eligibility Criteria

Proof given Overall assessment

Section 1: The issuer identifies the climate related risks andvulnerabilities to the asset/site
Section 2: The issuer identifies the impacts in larger context(spatially and temporally) beyond the asset/site (i.e. theimpacts of the underlying assets and projects on the broader
ecosystem and stakeholders in that ecosystem)
Section 3: The issuer has designed and implemented strategies
to mitigate and adapt to these climate risks and vulnerabilities

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information in this communication be relied upon in making any investment decision. A decision to invest in anything is solely yours. The Climate Bonds Initiative accepts no liability of any kind, for any investment anindividual or organisation makes, nor for any investment made by third parties on behalf of an individual or organisation, based in whole or in part on any information contained within this, or any other Climate Bonds
Initiative public communication. © Climate Bonds Initiative 2019

The Waste Management Criteria Climate Bonds Standard December 2019

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