PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

603697

Primary Business Area

Financial Institutions Group

Disclosure Date

Oct 13, 2021

Country

World Region

Region

Global

Status

Active

Estimated Total Budget

$1,290,947.00
(Project budget includes all project-funded activities)

Last Updated Date

Oct 20, 2021

Project Estimated Start Date

Jun 30, 2023

Project Estimated End Date

Jul 1, 2023

Project Description

The Climate Assessment for Financial Institutions, or “CAFI®” tool, is a first-of-its-kind leading impact monitoring and reporting tool developed by IFC for climate impact data evaluation. It is a digital, web-based platform that helps financial institutions assess the climate eligibility of their portfolio and measure its development impact. Using CAFI®, financial institutions can also verify whether or not a project meets internationally agreed-upon criteria for climate finance. Simplified processes of measurement and reporting by using CAFI® increase transparency and allows for seamless communications with internal and external stakeholders.

Development Results

E&S Risks / Impacts and Mitigation