GCPF Insights

| Insight

Mutual Trust Bank Ltd. wins the 2023 Global Climate Partnership Award

Mutual Trust Bank Ltd. wins for their pioneering electric mobility financing concept for smallholder farmers in Bangladesh

Mutual Trust Bank Ltd. (MTB), a private commercial bank in Bangladesh, was selected as the 2023 Global Climate Partnership Award winner. Chosen from a pool of 14 innovative applications by a jury of external experts, MTB stood out with its innovative idea of bridging the gap between smallholder farmers in Bangladesh and cost-effective electric vehicle (EV) solutions through accessible finance. Beyond its climate benefits, MTB seeks to establish an inclusive financial ecosystem that will significantly enhance the farmers' quality of life.

| Insight

GCPF accelerates India's climate progress with USD 80 million in new loan agreements

Zurich August 16, 2023 – GCPF is propelling India's climate transformation through strategic investments with four prominent financial institutions (FIs), amounting to a total of USD 80 million in new loan agreements signed in June 2023. The Fund’s robust engagement in India is intended to boost the country’s climate change mitigation capabilities, which is critical given India's dual role as one of the world's most rapidly advancing economies and a major contributor to global CO2 emissions. The pursuit of climate-positive investments within this context carries far-reaching implications for the global community. 

| Insight

GCPF lives its partnership commitment through environmental and social (E&S) workshops

22 partner representatives gather in Tbilisi in May

A series of regional E&S workshops concluded in May, with 22 partner representatives from nine countries gathering to learn and exchange about social risk management topics in Tbilisi, Georgia. The workshop was the third in a series of regional workshops – the other two taking place in Lima, Peru and Mumbai, India - that reached 80 representatives of the Global Climate Partnership Fund (GCPF) partner Financial Institutions (FIs), who exchanged and built a community of practice. Topics covered by the Tbilisi workshop included operational health and safety, reporting and investigating serious incidents, compliance with exclusions lists while giving out loans, compiling robust internal and external grievance mechanisms, managing labour relations, and putting in place adequate measures to prevent gender-based discrimination and harassment at their workplaces.

| Insight

Regional collaboration in action: environmental and social (E&S) workshop in Mumbai

Regional collaboration in action: environmental and social (E&S) workshop in Mumbai

GCPF hosted partner institutions from the Asia Pacific (APAC) region for an E&S workshop held in Mumbai from 13 March to 15 March 2023

GCPF’s recent E&S workshop brought together 28 participants from 16 partner institutions across seven emerging markets in APAC, demonstrating diversified institutional and individual E&S capacities.

| Insight

Innovation program supports portfolio companies to develop new climate investment solutions in emerging markets

Currently, emerging and developing economies account for two-thirds of global greenhouse gas emissions and will need significant support in mitigating future growth of their carbon footprints. One way of providing this support is by enabling local actors to innovate and create more investable climate mitigation projects for these markets.

| Insight

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

| Insight

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.

| Insight

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.

| Insight

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.