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Good practice guide: Creditworthiness

The C40 Cities Climate Leadership Group has developed a series of Good Practice Guides in areas critical for reducing greenhouse gas emissions and climate risk.

C40’s Good Practice Guide “Creditwortiness” offer mayors and urban policymakers roadmaps for tackling climate change, reducing climate risk and encouraging sustainable urban development. With 100 case studies taken from cities of every size, geography and stage of development around the world, the Good Practice Guides provide tangible examples of climate solutions that other cities can learn from.

Key points

It focuses on the key elements for a city to successfully increase its creditworthiness with a goal of investing in sustainable infrastructure. These include:

  • Increase Own-Source Revenue (OSR) and manage expenditure;
  • Introduce best practices for financial management processes;
  • Develop a ‘climate smart’ long term capital investment plan;
  • Build a pipeline of public infrastructure projects;
  • Undertake a ‘shadow’ credit rating assessment.