Public and Development Banks have a critical role to play in ensuring a sustainable COVID-19 recovery. They are responsible for delivering $2.3 trillion in global finance annually. PDBs oversee 10% of total finance around the world. In order to ensure a safe climate for all, it is critical these institutions align their lending with the Paris Agreement on climate change. Many have already committed to do so.
The E3G Public Bank Climate Tracker Matrix is an interactive tool to analyze how the most well-known public banks, including Multilateral Development Banks such as the World Bank, are mainstreaming climate change into their work. Users can select matrices for Multilateral Development Banks or Bilateral & national Development Banks for a detailed assessment of each landscape.
The Matrix is designed to provide shareholders, the banks themselves and civil society with a shared understanding of how to accelerate the transformation of each bank into a climate champion. It aims to translate the technical and obscure into a simple, easy-to-understand traffic light system.
The Matrix will be regularly updated to reflect changes at each bank and expanded to include more public banks, development finance institutions and export credit agencies.