The Climate Bond Standard Board (CBSB) is not a regulatory body. It is an independent, not-for-profit organization that develops and maintains the Climate Bond Standard, a set of guidelines for labelling and verifying bonds that finance climate change solutions. The CBSB is funded by membership fees and donations from organizations and individuals who support its mission to accelerate the development of a low-carbon economy through the use of bonds.

While the CBSB is not a regulatory body, it works closely with regulatory authorities and other stakeholders to promote the use of climate bonds as a tool for addressing climate change. It is recognized as a leading authority on climate bonds and its standards and certification scheme are widely respected in the financial industry.