The Adaptation Benefits Mechanism (ABM) is a results-based finance mechanism that aims to attract public and private sector funding to projects and programmes, enabling households, communities, economies, and ecosystems to adapt and build resilience to the negative impacts of climate change.   The ABM introduces the concept of certified adaptation benefits, which are obtained through a rigorous approval and verification process. It provides valuable information for transparency under the Paris Agreement and other reporting obligations, such as those related to the Sustainable Development Goals, corporate social responsibility (CSR) strategies, the Global Reporting Initiative and the United Nations Global Compact. The purchase or off-taking upon delivery of certified adaptation benefits creates a revenue stream, or an additional revenue stream for impactful adaptation and resilience initiatives, which would not be feasible otherwise.   To do so, the ABM Executive Committee adopted key documents for facilitating stakeholders with the development of ABM methodologies and activities, such as guidelines on the ABM activity cycle; a glossary of terms; social and environmental safeguards, and a grievance mechanism. The ABM Executive Committee also established a Methodology Panel and a Roster of Experts to assist it with the approval of new ABM baseline and monitoring methodologies, which was followed shortly by a first submission.