The Handbook is based on the work of the Climate Transition Finance Working Group, made up of representatives from more than 80 entities participating in the capital markets and under the auspices of the Green and Social Bond Principles Executive Committee. The Handbook’s recommendations have four key elements: Issuer’s climate transition strategy and governance; Business model environmental materiality; Implementation transparency. The Handbook specifies that relevant disclosures can be included in the issuer’s annual report, framework document or investor presentation as long as they are publicly accessible to investors. Concurrently, the recommended independent review, assurance and verifications can be included as either a Second Party Opinion or provided in the context of an issuer’s ESG reporting.