Principle 3 – PROMOTE Climate Smart Objectives

PROMOTE Climate Smart Objectives

Promote approaches to generating instruments, tools and knowledge on how best to overcome risks and barriers to low carbon and resilient investments. This may include mobilizing and catalyzing additional financing and developing specialized financing vehicles/products, such as green bonds, risk sharing mechanisms or blended finance. Engage clients and other stakeholders (e.g. rating agencies, accounting firms) on climate change risks and resilience, and share lessons of experience to help further mainstream climate considerations into activities and investments.

OVERVIEW

Principle 3: PROMOTE Climate Smart Objectives — encompasses actions by financial institutions to promote climatesmart objectives with clients and external stakeholders to create opportunities for increasing climate smart investment.

Indeed, many financial institutions see the business opportunity to finance climatesmart investments and have dramatically increased financing in recent years, most notably in renewables. This Principle does not necessarily imply the development of new or distinct business lines to capture opportunities linked with climate change, although some have chosen to establish dedicated funds and facilities for that purpose.

USEFUL RESOURCES

Relevant Publications

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CHECK OUT THE 4 OTHER PRINCIPLES

Adopt the 5 voluntary Principles