Evaluation:
Diagnostics
Late stage of the journey. Climate Finance Diagnostic may be useful for your FI to define possibilities for further growth
Middle stage of the journey. Climate Finance Diagnostic may be useful for your FI to define areas for improvement
Early stage of the journey. Climate Finance Diagnostic may be useful for your FI to define and implement an approach to develop climate finance as systemic business
First steps of the journey. Climate Finance Diagnostic may be useful for your FI to define, plan and schedule initial steps of climate finance business development
Strategy
Late stage of the journey. Your FI well prepared to develop climate finance business. Do not forget to adapt your strategy, policies and methodologies to the changes in the market environment
Early stage of the journey. To develop successful climate finance business your FI need to roll out full fledged strategies, policies and methodologies as well as adjust existing business
First steps of the journey. Perhaps your FI is not interested in climate finance but even in this case it is worth considering developing some climate finance related policies (e.g. Environment and social risk management) to meet expected market requirements
Products and tools
Late stage of the journey. Your FI is well prepared in terms of products and tools. It is worthwhile to continue exploring new promising niches of climate finance
Early stage of the journey. Proper products and tools are key to laying the foundations of successful climate lending. Your FI needs to continue work in this area to build a solid climate finance portfolio
First steps of the journey. If your FI is interested in developing climate finance business, proper products and tools are absolutely necessary.
Capacity Building
Late stage of the journey. Your FI has developed capacity in climate finance. Check out some new areas where you could build/improve your capacity or focus on innovative solutions in current areas.
Early stage of the journey. Internal capacity of your FI must be built well to ensure sustainability of your climate finance business.
First steps of the journey. To develop climate finance business your FI needs to train staff and build internal capacity using external or internal expertise.
On the job expertise building (work with projects)
Late stage of the journey. Your staff know how to work with climate finance projects properly at least in focus business areas. Consider building expertise in new areas
Early to medium stage of the journey. Your staff has some expertise in climate finance lending and can develop it further. Consider involving external support to define areas for improvement and focus
First steps of the journey. To develop expertise in climate finance you need to implement a systemic approach to work with climate finance projects. This is critical condition if you want to move to the next stages
Market development and marketing
Late stage of the journey. Your FI has set up marketing communication processes. Do not forget to measure efficiency and success of marketing activities and adjust them properly
Early to medium stage of the journey. Your FI has some elements of a comprehensive marketing communication process. Consider how you can develop it further.
First steps of the journey. Without proper marketing and communications your climate finance business will be fully dependent on external conditions. You need to work in this area to facilitate demand for your product
You have your results and can plan further steps on your climate finance journey. If you would like more detailed consultation on your climate journey from IFC GBAC experts, let us know by filling in our climate finance requests form