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.
on the same topicResearch documentA single indicator of strong sustainability for development: Theoretical basis and practical implementationpublished in January 2020ExhibitionResearch documentpublished in December 2019Institutional documentpublished in December 2019Institutional documentpublished in October 2019Research documentCommitted emissions and the risk of stranded assets from power plants in Latin America and the Caribbeanpublished in October 2019Institutional documentpublished in October 2019