E3G Public Bank Climate Tracker Matrix – MDBs

While significant progress has been made by PDBs in implementing their Paris alignment commitments, there remains a range of nuance in how high-level commitments are implemented in practice. It is more critical than ever that there is independent and objective scrutiny of how these systemically important institutions are implementing these commitments.

Our Matrix is designed to provide shareholders, PDB officials and civil society with a shared understanding of how to accelerate the transformation of each bank into a climate safe bank that delivers sustainable growth. It aims to translate the technical and obscure into a simple, easy-to-understand traffic light system.

The Matrix was first launched in November 2020, and numerous updates have been made to individual bank assessments since. We are in the process of publishing updated assessments of all the featured Multilateral Development Banks. These will be rolled out through early 2025, concluding by the WBG/IMF Spring Meetings in April.

The updated published assessments represent the outcomes of continual assessment undertaken on MDB developments since the Matrix was first launched. Each MDB has been consulted ahead of publication and where they have provided reflections these have been taken into account in the published assessment. We welcome any further comments from the banks or other stakeholders following publication and will keep all assessments under review.

For enhanced comparability, the metrics of the current E3G methodology are categorised using the six ‘building blocks’ of Paris alignment as set out by the Multilateral Development Banks in late 2018: mitigation, adaptation, climate finance, policy support, reporting and internal activities. National development banks and European development finance institutions have similar approaches.

If you have any comments on this Matrix tool, please get in touch with the team at matrix.team@e3g.org.