Analysis of the incorporation of climate change in Colombian development banking

Year Published

2022

Contributing Organizations

UK Partnering for Accelerated Climate Transitions (UK PACT)

Transforma

Type of Resource

Research/Insights Report

Languages

Spanish

Relevant Topics

Core Topic

Climate Policies & Frameworks

Topic 2

Climate & Transition Finance

Target Audience

MDBs/DFIs

Relevant Geography

Latin America and the Caribbean

Resource Description

This resource analyzes the progress of eight Colombian National Development Banks (NDBs) in integrating climate change into their governance, strategies, financial products, and risk management. Structured around the TCFD framework, the study draws on financial reports, sustainability disclosures, interviews, and communications.

Why This Matters

This study provides a baseline for improving climate integration and guiding capacity-building efforts within Colombia’s development finance sector.

Key Insights

Assesses alignment with the four TCFD pillars: governance, strategy, risk management, and metrics and targets
Finds that most institutions have not yet, or have only partially, integrated climate considerations into operations
Highlights key barriers, including limited institutional capacity, lack of regulatory incentives, and insufficient data
Identifies early-stage efforts to develop climate-aligned financial products and internal processes

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