About Us
The Alliance for Green Commercial Banks (the Alliance) is a global initiative launched in November 2020 by the IFC, a member of the World Bank Group, and its first regional anchor, the Hong Kong Monetary Authority (HKMA). In June 2022, the Alliance welcomed Bank of China (Hong Kong), Citi, Crédit Agricole CIB, HSBC, and Standard Chartered joining as Cornerstone Banks. Distinguished by our tailored solutions for commercial banks embracing green banking, the Alliance offers access to a vast ecosystem and an extended network of green banking supporters. Members can engage with leading institutions to explore personalized green finance solutions, best practices, and expert advisory services for a smooth transition to green banking.
Leadership
© The Alliance for Green Commercial Banks
It is our urgent global priority to address the complex and interconnecting needs of turning green investment opportunities in emerging markets into reality. By working together with public and private stakeholders, we hope our work will mobilize the financial sector, and accelerate the transition to a low-carbon global economy.
The Alliance
FOUNDER
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
FOUNDING MEMBER AND
REGIONAL ANCHOR FOR ASIA
The Hong Kong Monetary Authority (HKMA) is Hong Kong’s central banking institution. One of the HKMA’s main functions is to maintain Hong Kong’s status as an international financial centre, including the maintenance and development of Hong Kong’s financial infrastructure. The HKMA is committed to promoting green and sustainable finance and collaborating with local and global stakeholders to address climate risk. HKMA is a founding member of the Alliance and the first regional anchor (Asia).
Value Propositions
Knowledge
One-stop Knowledge Hub: Creating a one-stop shop and peer-to-peer learning platform for financial institutions to acquire knowledge, and tools to develop their green finance roadmaps and transform into credible green financial institutions.
Read MoreCommunity
Community of Practice and Innovation: Bringing together the leaders in green finance to develop a community of green financial institutions across emerging markets. Facilitating dialogue and providing thought leadership to catalyze green finance development.
Read MoreInvestment
Facilitate Investment for Green Business Opportunities: Helping Alliance members and partners collaborate, unlock the trillions available in green and climate-related investment opportunities and scale up green finance to support a progressive transition to a sustainable future.
Advisory
Deploy Advisory Support for Green Transformation: Accelerating the transformation of green financial institutions and financing the infrastructure and business solutions needed to urgently address climate change.
ALLIANCE KEY PILLARS
GREEN PORTFOLIO
- Mainstream green finance
- Reduce financing to GHG intensive industries
GREEN NEW BUSINESS
- Grow green business
- Diversify green financial instruments
STRATEGIC COMMITMENT
- Green strategic planning
- Improve green finance capacity
CARBON NEUTRAL
- Achieving a state of zero carbon dioxide emission
- Achieving net zero carbon dioxide emissions
ENVIRONMENTAL, SOCIAL & CLIMATE RISK MANAGEMENT
- Strengthen climate risk management
- Establish environmental, social and governance (ESG) structure