NDB

Overview of climate mainstreaming approach and goals:

The New Development Bank (NDB) is committed to supporting countries in achieving their climate ambitions, including the Nationally Determined Contributions. The Bank plans to allocate 40% of its total approved financing during 2022-2026 to operations and activities in support of climate change activities, including energy transition. The Bank also intends to develop its institutional approach on just transition to help address the socio-economic challenges associated with low-emission transition. Moreover, NDB purports to align its operations and activities with the goals of the Paris Agreement by the end of the second strategy period.

Sustainability is at the bedrock of all the work NDB conducts. NDB aims to ensure that all projects financed by our funds are implemented in a sustainable way and their ESG impacts are assessed, minimised and mitigated during project implementation.

Principal Strategic Documents:

• General Strategy for 2022-2026
• Environment and Social Framework

Principal Tools and Methodologies:

• Common Principles for Climate Mitigation Finance Tracking
• Common Principles for Climate Change Adaptation Finance Tracking
• The MDBs’ alignment approach to the objectives of the Paris Agreement
• New Development Bank Sustainable Financing Policy Framework
• Joint Methodology for Tracking Climate Change Adaptation Finance
• MDB Just Transition High-level Principles
• Joint MDB Methodological Principles for Assessment of Paris Agreement Alignment of New operations – Intermediated financing
• Joint MDB Methodological Principles for Assessment of Paris Agreement Alignment of New operations – List of Activities Considered Universally Aligned with the Paris Agreement’s Mitigation Goals or Not Aligned with the Mitigation Goals

Key reports and other materials published by the institution:

• Annual Report 2021
• MDBs – 2021 Joint Report on Climate Finance
• COP27 Multilateral Development Banks Joint Statement – New Development Bank