Islamic Development Bank

Level of climate finance transparency

This page is part of the E3G Public Bank Climate Tracker Matrix, our tool to help you assess the Paris alignment of public banks, MDBs and DFIs.

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Paris alignmentReasoning
Some progressThe bank has just started contributing to the Joint MDB Report on Climate Finance and project level data is reported to OECD.
Climate Finance DataIsDB recently started reporting data in the 2020 Joint Report on Multilateral Development Banks’ Climate Finance. Project level data is reported to the OECD but is not available online.
Financial intermediary lendingNot applicable: little financial intermediary lending

Explanation

Transparency of climate finance data

The IsDB now reports climate finance to the Joint Report on Multilateral Development Banks’ Climate Finance. E3G also understands that the IsDB does provide project level data to the OECD climate finance database. However, this could not be found online. E3G is seeking clarification from the OECD as to why this may be.  

Transparency of financial intermediary lending

The IsDB does little financing through financial intermediaries.

Recommendation: We recommend that all MDBs consider disclosing their operations against a version of the EU Sustainable Finance Taxonomy that has been adapted for the region the bank operates in. This is because it is science based and is reviewed regularly to reflect changes in technology and science. 

Last Update: November 2020

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