The Climate Action in Financial Institutions Initiative was set up five years ago with an aim to mainstream climate change considerations in the operational, investing and lending activities of financial institutions, enabling them to deliver better, more sustainable, short-term and long-term results – both developmentally and financially.
The initiative was launched on the side lines of COP21 in December 2015. CDC is the 50th organisation to join this group of global financial institutions which includes the IFC, EBRD and AfDB.
The initiative endorses five voluntary Principles for Mainstreaming Climate Action.
These voluntary principles are:
COMMIT to climate strategies
MANAGE climate risks
PROMOTE climate smart objectives
IMPROVE climate performance
ACCOUNT for your climate action
To find out more visit the Climate Action in Financial Institutions Initiative website.
Find out more about CDC’s approach to climate action in our Climate Change Strategy.