CoAct Database

Mainstreaming Climate in Financial Institutions

Launched in 2015, the Climate Action in Financial Institutions Initiative aims to provide public and private financial institutions an opportunity to learn from each other, to disseminate good practice and lessons learned and to collaborate on areas of common interest. It helps public and private financial institutions from developed and developing economies mainstream climate considerations into their activities and operations.

Climate mainstreaming is the systematic integration of climate considerations throughout a financial institution’s strategies, and operations. The five voluntary Principles for Mainstreaming Climate Action provide a framework to guide institutions through the process: Principle 1: COMMIT to climate strategies Principle 2: MANAGE climate risks Principle 3: PROMOTE climate smart objectives Principle 4: IMPROVE climate performance Principle 5: ACCOUNT for your climate action

Activity period	2015–2024
Last CoAct update	n/a
Web URL	https://www.mainstreamingclimate.org/
Output effectiveness	0.52
Accountability Index	0.25
Inclusiveness Index	0.44
Num. actors	56
Functions	Knowledge production, Knowledge dissemination, Institutional capacity building, Standards and norms, Participatory management, Training
SDGs
Themes	finance
Policy focus	Equal focus
Sectors	Financial and insurance activities
Implementation countries	Argentina, Armenia, Belgium, Brazil, Côte d'Ivoire, France, Germany, Greece, India, Italy, Japan, Kyrgyzstan, Malaysia, Mexico, Morocco, Netherlands (Kingdom of the), Slovenia, South Africa, Spain, Tunisia, Türkiye, Ukraine, United Kingdom of Great Britain and Nothern Ireland (the)