Tokyo Plans First-Ever Climate Resilience Bond Offering

On October 16, 2025, the Tokyo Metropolitan Government (TMG) announced plans to issue TOKYO Resilience Bonds, marking the first-ever certified climate resilience bonds. The initiative aims to raise approximately JPY 50 billion (USD $330 million) to fund projects that enhance the city’s protection against natural disasters and climate change impacts. Proceeds will support the TOKYO Resilience Project, launched in 2022, focusing on climate adaptation strategies to address risks such as severe storms, floods, and earthquakes. The bonds are certified under the new Climate Bonds Resilience Criteria, highlighting a shift in climate finance towards adaptation and resilience. TMG’s initiative sets a precedent for cities globally to invest in resilience, with the aim of protecting millions of citizens from climate-related threats. Resources: https://www.esgtoday.com/tokyo-to-raise-330-million-in-first-ever-climate-resilience-bond-issuance/