Together with 16 other commercial banks, they form the Alliance’s first cohort, which manages over 5.6 trillion USD in assets.

This marks an important step in accelerating the transformation of commercial banks towards excellence in green banking, integrating global best practices with innovative business models for sustainable finance across the Asia-Pacific region’s emerging markets and developing economies.

The Alliance is an invitation-only platform that brings together commercial banks committed to embedding sustainability into their core strategies while financing the transition towards low-carbon, resilient, and inclusive economies.

It promotes the full spectrum of green financing, covering renewable energy, energy efficiency, sustainable transport, sector-wide transitions, climate adaptation, nature-based solutions, and circular economy.

Through its network of leading institutions, the alliance facilitates access to specialised advisory and financing to help members scale solutions for climate mitigation, adaptation, and environmental opportunities across key sectors such as energy, transport, agriculture and urban development.

Representing eight markets, the inaugural members make up a diverse mix of leading institutions recognised for their market leadership, innovation, and commitment to sustainability.

“This inaugural cohort reflects the increasing commitment and leadership of commercial banks in green finance,” said Allen Forlemu, IFC Regional Industry Director, Financial Institutions Group, Asia Pacific.

He added that “The Alliance is more than a network, it is a community of committed institutions working together to transform finance, close the multi-trillion-dollar climate finance gap, and position emerging markets at the forefront of sustainable economic growth.”