IFC and IDB Invest Share System to Help Latin American Financial Institutions Measure Climate Impact

IFC, a member of the World Bank Group, and IDB Invest, a member of the Inter-American Development Bank Group, have agreed to share the Climate Assessment for Financial Institutions tool (CAFI), IFC’s first-of-its-kind online impact measurement platform, making it easier for financial institutions to estimate the climate change related impact of their financial activities.

The new agreement allows two of the leading multilateral development banks with focus on the private sector to offer CAFI to a larger number of financial institutions. The cooperation will also pave the way for improved transparency and disclosure for public and private investors and other regulatory bodies that are looking to promote the sustainable development goals.