IFC Recognizes Emerging Market Financial Institutions for Climate Reporting

Washington, DC, December 20, 2022— IFC has delivered this year's Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting, recognizing financial institutions lending in emerging markets that use the CAFI tool to assess the climate eligibility and measure the climate impact of their investments. The CAFI Awards acknowledge IFC financial sector clients' investments going into climate activities and the responsibility shown to report on their climate commitments. This recognition is based on climate finance transactions recorded in the CAFI tool and deemed eligible by IFC. 

To date, IFC clients have used CAFI to report more than $9.9 billion of climate loans disbursed; annual avoidance of more than 24.7 million tons of greenhouse gas emissions; 41.4 terawatt hours of renewable energy generated; 2.4 million square meters of green area built; and 2.3 million cubic meters of water saved. This reflects rapid growth in the use of CAFI in recent years, and the growing importance of climate reporting in the financial sector.  

"We are pleased to recognize our clients' dedication and transparency in reporting their climate investments" said Tomasz Telma, Global Director, Financial Institution Group, IFC. "CAFI, is a critical platform for reporting progress in the fight against climate change by linking finance to impact which ensures that the financial services industry can measure and quantify the climate impact of their investments using transparent and globally recognized methodologies." 

The global CAFI top performers are:  

• Most Transactions Reported: Banco Santander, Brazil 
• Highest Loan Amount Reported: Absa Bank, South Africa 
• Most GHG Mitigated Due to Reported Loans: Aditya Birla Finance, India 
• Best Achievement vs. Climate Targets: Banco Consorcio, Chile 

Top performers in each of IFC's regions have also been recognized for addressing climate change by investing in and measuring the impact of their climate projects. 

Regional Award Winners: 

Africa	Award	Country
Absa Bank	Highest Loan Amount Reported	South Africa
Nedbank LTD	Most GHG Mitigated	South Africa
Access Bank PLC	Best Achievement vs. Climate Targets	Nigeria
East Asia and the Pacific
OCB Vietnam	Most Transactions Reported	Vietnam
OCB Vietnam	Highest Loan Amount Reported	Vietnam
OCB Vietnam	Most GHG Mitigated	Vietnam
VP Bank Vietnam	Best Achievement vs. Climate Targets	Vietnam
Central Europe
BT Leasing	Most Transactions Reported	Romania
Banca Transilvania S.A.	Highest Loan Amount Reported	Romania
Banca Transilvania S.A.	Most GHG Mitigated	Romania
Santander Bank Polska	Best Achievement vs. Climate Targets	Poland
Latin America and the Caribbean
Santander Brazil	Most Transactions Reported	Brazil
Santander Brazil	Highest Loan Amount Reported	Brazil
BBVA Leasing	Most GHG Mitigated	Mexico
Banco Consorcio	Best Achievement vs. Climate Targets	Chile
Middle East and Central Asia
Uzpromstroybank	Most Transactions Reported	Uzbekistan
Uzpromstroybank	Highest Loan Amount Reported	Uzbekistan
Uzpromstroybank	Most GHG Mitigated	Uzbekistan
QNB Finansleasing	Best Achievement vs. Climate Targets	Türkiye
South Asia
CBC	Most Transactions Reported	Sri Lanka
Federal Bank	Highest Loan Amount Reported	India
Aditya Birla Finance	Most GHG Mitigated	India
ONE Bank	Best Achievement vs. Climate Targets	Bangladesh

 

About IFC
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

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ABOUT CAFI 
IFC is committed to reducing emissions and protecting the most vulnerable communities against climate risks while building the capacity of the global financial sector to deploy more green financing. Using the Climate Assessment for Financial Institutions (CAFI) tool, financial institutions can verify whether a project meets internationally agreed-upon criteria for climate finance and ensure that climate metrics and eligibility criteria stay in line with IFC's Definitions for Climate-Related Activities and the Common Principles for Climate Mitigation Finance Tracking. Our industry tools and resources create a unified understanding of what activities contribute to fighting climate change. The CAFI platform allows for reporting across a range of categories: adaptation, energy efficiency, green buildings, renewable energy, transport, water efficiency, and more. CAFI is managed by IFC with support from the UK government. The tool is available for use by any financial institution that invests at scale in climate friendly projects— multilateral development banks, international financial institutions, banks, fund managers. Organizations interested in accessing the platform and can contact the CAFI team at cafi@ifc.org.