PIDG
Private Infrastructure Development Group
Information presented in this profile is for reference only. The Initiative, its Supporting Institutions and the Secretariat do not endorse the activities, tools or reports included in this profile.
Last updated: August 2023
Overview of climate mainstreaming approach and goals:
The Private Infrastructure Development Group (PIDG) is an innovative infrastructure development and finance organisation which encourages and mobilises private investment in pioneering infrastructure in the frontier markets of sub-Saharan Africa and south and south-east Asia to promote economic development and combat poverty. Sustainable development and poverty reduction are inextricably linked. Delivering action on climate and nature, through new and improved access to infrastructure is therefore central to all activity at PIDG.
PIDG has a commitment is to support the goals of the Paris Agreement on Climate Change and to invest in projects that assist
countries to transition towards a global net zero carbon economy by 2050, in line with the goals of keeping global temperature increase below 2 degrees and towards 1.5 degrees above preindustrial levels.
A deliberate climate lens is applied to all new investments, which includes a physical and transition climate change risk assessment and greenhouse gas impact assessment. This supports tracking of a specific climate change Key Performance Indicator (KPI) that relates to the carbon intensity of all new investments (measured in tonnes of CO2 equivalent per $ million invested). PIDG met its climate KPI in 2021 and 2022 meaning the carbon intensity of the investments financially closed in 2021 and 2022 was below the average carbon intensity of the investments financially closed in 2015-20.
Principal Strategic Documents:
Principal Tools and Methodologies:
Key reports and other materials published by the institution: