The World Bank
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Climate Change Mitigation
- Climate Change Adaptation
- Pollution Prevention
- Resource Conservation
- Biodiversity Conservation
Climate Goals & Targets
Environmental Challenges
- Lack of clarity in definitions of green investments hindering the scaling up of green financing.
- Challenges in meeting environmental objectives due to implementation lagging policies and regulations, with lack of finance being a major barrier.
Mitigation Strategies
- Developing a national green taxonomy to provide clarity and transparency in what qualifies as green.
- Recommending principles and methodology for developing a taxonomy of environmentally sustainable activities.
- Providing examples of how to identify eligible green activities.
- Connecting the taxonomy with existing and potential new incentives (fiscal incentives, soft credit lines, guarantees, etc.) to promote environmentally sound activities.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: G20 Green Finance Study Group, International Capital Market Association (ICMA)