GCPF Insights

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GCPF regional workshop series on social risk management best practice

Insights from the first 2022 in-person event

On September 15 and 16, 2022 an Environmental and Social (E&S) risk management workshop was held in Lima, organized by responsAbility for the partners of the Global Climate Partnership Fund (GCPF). The event brought together representatives of 14 financial institutions from 11 Latin American countries to discuss best practices related to social risk management. The workshop was made possible with financial support from the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the UK’s Department for Business, Energy & Industrial Strategy (BEIS) and the Fund’s contribution to the Technical Assistance Facility.

Light to Reft: Head of Sustainable Business, Mr. Gustavo Calderón - Member of the GCPF Investment Committee and GCPF Award Jury 2022, Ms. Ritva Laukkanen - Deputy Business Manager, Mr. Federico Chavarria

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Promerica Costa Rica wins ‘GLOBAL CLIMATE PARTNERSHIP AWARD 2022’

Promerica Costa Rica – a mid-size commercial bank and GCPF Partner since 2015 – has won the 2021/2022 Global Climate Partnership Award for their role in boosting the adoption of electric vehicles in the market through financing.

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SHOWCASING THE POWER AND POTENTIAL OF CLIMATE FINANCE

One week of peer-learning - green financing insight and impact

In early October, a like-minded group from 38 financial institutions in 24 countries attended the GCPF Academy for a week-long program of workshops, case study presentations and site visits aimed at showcasing the power and potential of Climate Finance.

Participants discussed benefits of building and scaling their green portfolios, managing reporting challenges, and communicating sustainability. Many of the sessions were led by representatives from GCPF partner institutions who were able to share their challenges and innovations with their peers.

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Green Lending in Latin America

Getting onboard for decarbonizing lending at scale

Founded in 2001, CIFI (the Corporación Interamericana para el Financiamiento de Infraestructura) was the first entity dedicated to providing debt financing, structuring and advisory services to small- and medium-sized infrastructure and energy projects across Latin America & the Caribbean. Approximately half of its portfolio was invested in renewable energy across a variety of technologies, including solar PV, hydropower, wind, and biomass.

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Driving Green Lending in Sub-Saharan Africa

Renewable Energy & Energy Efficiency

When the top management at Letshego Holdings Limited, a regulated and publicly listed NBFI headquartered in Botswana, committed to incorporating green lending into their strategy, they did it not only for the climate, but also because they could see that it was a savvy move to ensure long-term growth and enhance product differentiation. This was a classic win-win by any definition. But they didn’t have any prior experience in the field, which is why they started working with responsAbility’s climate team to guarantee successful onboarding, early-stage buy-in within the organization, and eventual fund utilization. So while they currently provide retail financial services in 11 countries in Sub-Saharan Africa, they decided to focus the investment from responsAbility’s climate fund on Ghana, Tanzania and Nigeria, with the aim to expand to the other markets over time.

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How-to: the recipe for green lending from climate experts

Education, energy specialists and reporting are key

Within many traditional financial institutions (FIs) across the globe, sustainability-minded employees are pushing their institution to be greener. Our climate experts at the Global Climate Partnership Fund (GCPF) started calling these employees “Green Champions” and engaging with them to help bring their institution into the green lending sphere. Over the years, the following “recipe” for green lending success emerged, with the goal to transform financial institutions, gain more “Green Champions”, and most importantly, mitigate climate change.

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GCPF Annual Report 2020

In the midst of a global pandemic, the Fund adapted to unprecedented volatility in emerging economies. We are proud to say that GCPF has managed to protect the interests of stakeholders while also continuing to advance climate change mitigation.

Read the full report here

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GCPF and BASE join forces to unlock investments in clean cooling

In a warming world with increasing urbanization and a growing energy demand for air conditioning, Cooling as a Service is set to be a solution to scale up efficient and clean cooling systems.

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GCPF has created a worldwide climate finance community

Antoine Prédour, Head of GCPF at the Fund’s investment manager responsAbility, looks at how the Fund has developed since responsAbility took over as manager in late 2014.