Climate Change
Policy
CIFI’s Climate Change Policy underscores its full recognition of the financial sector’s responsibility to support the goals of the Paris Agreement through its investment decisions, corporate operations, and mitigation plans. CIFI’s Climate Change Policy reflects a dual commitment.
For its operations, CIFI pledges to manage energy consumption, Global Warming Potential (GWP), and greenhouse gas (GHG) emissions by promoting energy efficiency and the use of alternative energy sources. It also actively pursues the development of efficient and renewable energy solutions across all its operations.
For its investments, CIFI acknowledges that, if left unaddressed, climate change will have long-term impacts on society and the global economy. Therefore, the institution is committed to expanding its green investment portfolio and progressively aligning its targets with international climate commitments.
To this end, CIFI integrates risk assessments into its investment due diligence and develops project-level strategies to mitigate and adapt to identified climate risks. The financed GHG emissions are measured throughout the loans’ lifecycle, and scenario analyses help disclose residual risks, as progress is tracked through regular reporting aligned with IFRS and global market trends.
Strategy
Meeting Climate Targets Through Strategic Investments
In 2023, CIFI approved its Climate Change Strategy along with decarbonization goals to align its portfolio and operations with the Paris Agreement, using a methodology from the Partnership for Carbon Accounting Financials and modeling its carbon budget based on the current portfolio. Alignment with an economy in a 1.5°C global warming scenario is vital to reduce risks while creating sustainable, clean, and smart business-oriented investment opportunities.