“Climate action initiative launches database to drive investment” – Development Finance – November 14, 2017

On November 14, 2017 Development Finance reported that “the Climate Action in Financial Institutions initiative has made public a database of case studies for climate finance projects with the aim of making investments more transparent and encouraging other institutions to integrate climate action in their portfolios.”

The Climate Mainstreaming Practices Database was launched at COP23 in Bonn, Germany.  It “seeks to encourage more institutions to align their deployment of capital with sustainable environmental and economic policies using its signature five-principle framework. These voluntary principles oblige each member to ‘Commit’, ‘Manage’, ‘Promote’, ‘Improve’ and ‘Account’ for their climate action as part of each investment. The database contains examples of such projects, showing how they delivered on the principles and what lessons were learned in the process.”

Representatives of the Development Bank of Latin America (CAF) and the European Investment Bank (EIB) spoke at the launch.  “Felix Bergel, director of institutional funding of CAF, said in a keynote speech: ‘The approaches tools and methodologies developed by some supporting institutions are really innovative solutions: and this is all the purpose of the mainstreaming initiative to share those efforts between the different supporting institutions, but also with all the public and private organisations involved in low-carbon and resilient development.’”

You may read the article on the Development Finance internet site.