Green Gateway – Greening Financial Systems Technical Assistance Programme

Climate Lens Advisors (CLA), as subcontractors for DAI, supports the European Investment Bank (EIB) in implementing the GFS Programme, which promotes net-zero and climate-resilient financial systems. The programme facilitates capacity building and technical assistance to central banks, regulators, and financial institutions to introduce best practices in green finance, enabling the private sector to deploy climate-related and environmentally sustainable investments.

Main Objectives:

• Foster an enabling financial sector environment to unlock climate action and green investments.
• Support central banks and financial institutions in assessing and managing climate risks.
• Build capacity for a transition to a net-zero and climate-resilient economy.
• Introduce innovative financial instruments and procedures for green financing.

Services Provided:

• Developing green finance roadmaps and regulatory frameworks for climate risk management.
• Climate risk assessments, stress testing, and pilot implementations.
• Developing green taxonomy, climate-related disclosure regimes, and capacity-building workshops.
• Technical assistance to financial institutions on IFRS S2 compliance, climate transition plans, and green financial products.
• Identification and support of climate-related investment opportunities and sustainable finance strategies.

Key Achievements:

From February 2023 and up to December 1^st, 2024, CLA has been successfully supporting 15 commercial banks in enhancement of their climate risk policy framework and green finance practices:

1. Bank of Georgia, Georgia – holistic climate risk management framework, development of climate transition plan and top -down stress testing approach, development of IFRS S2-aligned Sustainability Report (project status: under finalization)

2. Terabank, Georgia – holistic climate risk management framework, development of climate transition plan, development of climate risk reporting framework, support with development of IFRS S2-aligned Sustainability Report, development of green finance framework, strategy and market lending activities   (project status: under finalization)

3. Liberty bank, Georgia – holistic climate risk management framework, development of climate transition plan, development of climate risk reporting framework, support with development of IFRS S2-aligned Sustainability Report, development of green finance framework, strategy and market lending activities  (project status: under finalization)

4. Ardshinbank, Armenia – same as above (project status: ongoing)

5. ArmSwissBank, Armenia – same as above (project status: ongoing)

6. Komercijalna Banka, North Macedonia – holistic climate risk management framework, development of climate transition plan and top-down stress testing approach, development of IFRS S2-aligned Sustainability Report (project status: ongoing)

7. NLB Banka, North Macedonia – same as above (project status: ongoing)

8. ProCredit Bank, North Macedonia – same as above (project status: ongoing)

9. ABC Bank, Kenya – holistic climate risk management framework, development of climate transition plan, development of climate risk reporting framework, support with development of IFRS S2-aligned Sustainability Report, development of green finance framework, strategy and market lending activities (project status: ongoing)    

10. Family Bank, Kenya – same as above (project status: ongoing)

11. Bank of Kigali, Rwanda – same as above (project status: ongoing)

12. BPR Bank, Rwanda – same as above (project status: ongoing)

13. Development Bank of Rwanda (BRD) – assistance with integrating EIB Lending Procurement Standards and comprehensive TA to support green lending in cooperation with the Rwandan Green Fund FONERWA (project status: ongoing)

14. Zemen Bank, Ethiopia – holistic climate risk management framework, development of climate transition plan, development of climate risk reporting framework, support with development of IFRS S2-aligned Sustainability Report, development of green finance framework, strategy and market lending activities (project status: ongoing)

15. Hibret Bank - – holistic climate risk management framework, development of climate transition plan, development of climate risk reporting framework, support with development of IFRS S2-aligned Sustainability Report, development of green finance framework, strategy and market lending activities (project status: ongoing)

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