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 |
