The climate is today the marker of the identity of AFD Group. In 2018, this already strong orientation has been strengthened with a new climate strategy (2017-2022), which reflects AFD’s ambition to facilitate the implementation of the Paris Agreement and low-carbon and resilient transitions in developing and emerging countries. AFD Group has made four commitments to achieve this: :
- Ensure activity is “100% Paris Agreement”: AFD Group wishes to make all its financing consistent with low-carbon and resilient development, and to support the long-term pathways of the countries where it operates.
- Increase climate finance: AFD Group has set the objective of achieving EUR 5bn of annual climate finance by 2020 in its countries of operation, excluding the French Overseas Territories. 50% of all its commitments must have climate co-benefits.
- Redirect financial flows: AFD Group wishes to maximize the knock-on effect of its financing on redirecting private investments. The Group also contributes to leading the climate bond market.
- Jointly build solutions: In addition to its financing, AFD leverages its influence to innovate, jointly build and capitalize on good practices, in partnership with financial, institutional and research actors and civil society.
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