Climate Change Data

Environmental Metrics

ESG Focus Areas

• Culture and Creative Industries (CCI)

Social Achievements

• African Union declared 2021 as “The AU Year of the Arts, Culture and Heritage: Levers for Building the Africa We Want”
• Afreximbank launched a US$500 million fund to support creative industries.
• Initiatives to promote film industry across Africa’s subregions (e.g., African Audiovisual and Cinema Commission).

Governance Achievements

• Efforts to repatriate looted African artifacts.
• African Union Convention on Preventing and Combating Corruption to address corruption in the creative sector.

Climate Goals & Targets

Environmental Challenges

• Lack of clear policy frameworks for CCIs.
• Absence of reliable data on CCIs.
• Limited access to affordable financing.
• Inadequate infrastructure (hard and soft).
• Weak intellectual property rights protection and enforcement.
• Limited use of standards to promote CCI trade.
• Language barriers.
• Colonial legacy and extroverted model hindering international competitiveness.
• COVID-19 pandemic's negative impact on CCI businesses.

Mitigation Strategies

• Afreximbank's Creative Africa Nexus (CANEX) program investing US$500 million.
• Initiatives by national governments (e.g., South Africa's Mzansi Golden Economy Strategic Plan, Nigeria's Creative Industry Financing Initiative).
• Support from non-profits (e.g., Doen Foundation, HEVA Fund).
• Public-private partnerships.
• Efforts to improve data collection and reporting.
• Promoting digitalization and online platforms.
• Advocacy for harmonized regulatory reform (intellectual property rights, incentives).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Launched Pandemic Trade Impact Mitigation Facility (PATIMFA) to minimize the health and economic impact of the pandemic on African countries and contribute to an expeditious economic recovery; disbursed US$7.05 billion under PATIMFA and COVID-19 response-related facilities by the end of December 2021.
• Established the African Medical Supplies Platform (AMSP) to unlock immediate access to medical equipment.
• Established the African Vaccine Acquisition Task Team (AVATT) to secure sufficient vaccine supplies and funding to vaccinate at least 60 percent of the African population; secured up to 400 million vaccine doses – Africa’s largest vaccine supply contract to date.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic caused a sharp contraction of African trade, widening the current account deficit and reducing aggregate foreign exchange reserves.
• Lockdowns and border closures affected tourism-dependent economies and FDI inflows.
• Limited access to vaccines and slow rollout hampered recovery.
• High levels of debt and limited market access constrained fiscal space.

Mitigation Strategies

• PATIMFA provided countercyclical support to meet trade payments and fund vaccine acquisition.
• AMSP facilitated access to medical supplies.
• AVATT secured vaccine supplies and financing.
• Advocated for debt service relief and coordinated debt treatments.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Rising geopolitical tensions and deteriorating economic conditions fuelled a sentiment of uncertainty that weighed heavily on African economies. Debt vulnerabilities, high inflation rates and tight financing conditions were some of the key challenges faced by African economies.
• worsening weather shocks, domestic supply bottlenecks, notably in the energy sector, high costs of living which limited consumption growth, escalating debt burdens and interest rates which contributed to narrowing fiscal space, heightening political instability in parts of the region, and a general global slowdown.

Mitigation Strategies

• The Bank continued to provide critical support to its member states, while tackling the widening trade and project financing gap they engendered.
• commitment to macroeconomic stability, the strong performance of some economies, the role of countercyclical support from development finance institutions, such as Afreximbank, and the increasing power of intra-regional trade in mitigating the exposure of the region to adverse global shocks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Forbes Africa’s 2023 Person of the Year
• African Company of the Year
• Business Leader of the Year
• Financial Leadership Award
• Best Health Deal Award
• Best oil and gas deal
• Best energy infrastructure deal
• Best transport deal
• Best transport infrastructure deal
• Best Engineering Deal
• Excellence in Trade (Africa) Award
• Sustainable Deal of the Year Award
• Sub-Saharan Africa top Mandated Lead Arranger
• Sub-Saharan Africa top Bookrunner
• Sub-Saharan Africa top Administrative Agent
• Financial Institutions/Bank Bond Deal of the Year
• Infrastructure Finance Deal of the Year
• ECA, DFI & IFI Deal of the Year
• Renewable Energy Finance Deal of the Year
• Oil & Gas Deal of the Year
• Financial Institution Debt House of the Year

Environmental Metrics

ESG Focus Areas

• Decarbonization
• Economic Development
• Energy Poverty
• Sustainable Development

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• High cost of decarbonization for African economies
• Energy poverty
• Vulnerability to climate change impacts
• Dependence on fossil fuels
• Limited access to renewable energy technologies
• Lack of infrastructure
• Global decarbonization agenda impacting African economies

Mitigation Strategies

• Implementation of the AfCFTA to boost intra-African trade and localized manufacturing
• Technological advancements to reduce the cost of renewable energy
• Gradual decarbonization approach with optimal emission targets
• Increased investment in renewable energy capacity building
• Promoting energy efficiency
• Diversification of energy mix

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Droughts
• Flooding
• Extreme temperatures

Transition Risks

• Decline in demand for fossil fuels
• Economic slowdown due to decarbonization

Opportunities

• Development of renewable energy sector
• Leveraging mineral resources for clean energy technologies

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 7 (Affordable and Clean Energy)
• 13 (Climate Action)

Initiatives contribute to these goals by promoting renewable energy and mitigating climate change impacts.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed