Pick a Matrix
Click on the below titles to take you to our assessment for either Multilateral Development Banks or Bilateral & National Development Banks.
E3G Public Bank Climate
Tracker Matrix
Public and Development Banks (PDBs) are responsible for delivering $2.5 trillion in investments annually. PDBs, anmounting to 10% of total investment flows around the world.
In order to ensure a safe climate for all, it is critical these institutions align their lending with global climate goals, including those of the Paris Agreement. Many have already committed to do so.
Use our interactive tool below to find out how the most well-known PDBs are mainstreaming climate change into their work.
While significant progress has been made by PDBs in implementing their Paris alignment commitments, there remains a range of nuance in how high-level commitments are implemented in practice. It is more critical than ever that there is independent and objective scrutiny of how these systemically important institutions are implementing these commitments.
Our Matrix is designed to provide shareholders, PDB officials and civil society with a shared understanding of how to accelerate the transformation of each bank into a climate safe bank that delivers sustainable growth. It aims to translate the technical and obscure into a simple, easy-to-understand traffic light system.
The Matrix was first published in November 2020, and numerous updates have been made to individual bank assessments since. We are in the process of publishing updated assessments of all the featured Multilateral Development Banks. These will be rolled out through early 2025, concluding by the WBG/IMG Spring Meetings in April. Following their publication, we will continue to monitor and iterate our assessments pending further developments at the banks and considering any further feedback from stakeholders.
In parallel, E3G is currently evolving the Public Bank Climate Tracker Matrix in view of significant progress made in recent years in the understanding of the steps needed to align finance flows with the Paris Agreement in PBDs and beyond (including in the private sector). The updated iteration of the Matrix will aim to evaluate institutions on their potential as transformational actors in delivering urgent climate and development outcomes, as well as considering how PDBs are fulfilling their role within the wider financial system.
For enhanced comparability, the metrics of the current E3G methodology are categorised using the six ‘building blocks’ of Paris alignment as set out by the Multilateral Development Banks in late 2018: mitigation, adaptation, climate finance, policy support, reporting and internal activities. National development banks and European development finance institutions have similar approaches.
If you have any comments on this Matrix tool, please get in touch with the team at matrix.team@e3g.org.