For Activities 3.1 to 3.4, carbon intensity can be a benchmark by referencing to Climate Bonds Initiative criteria and international certification schemes.
Users could refer to links on the Climate Bonds Initiative website at https://www.climatebonds.net/standard/buildings/commercial/calculator and https://www.climatebonds.net/standard/buildings/residential/calculator for eligible threshold of carbon intensity for different countries.
These links are also included in footnote 39, pg. 56 of the SAT 2023 Edition.
[Updated in Jul 2025]