The Alliance for Green Commercial Banks (“the Alliance”) is a global initiative managed by the IFC through the Alliance Secretariat, designed to accelerate green commercial banking in emerging markets. This curated, by-invitation membership platform unites banking leaders and key industry allies to foster green banking through peer-to-peer knowledge exchange, thought leadership, community building, and by facilitating other enablers within the Alliance ecosystem. The Alliance’s first regional chapter was established in Asia, with the Hong Kong Monetary Authority (HKMA) serving as the Regional Anchor. To further strengthen the ecosystem, Bank of China (Hong Kong), Citi, Crédit Agricole CIB, HSBC, and Standard Chartered have joined as Cornerstone Banks.
We are now onboarding our first cohort of selected members—leading banks committed to excellence in green commercial banking and dedicated to advancing green financing for the climate agenda. Today, the Alliance proudly welcomes member banks from Thailand, Viet Nam, the Philippines, Lao PDR, and Cambodia. As we continue our journey, we look forward to accelerating this green transformation in collaboration with more leading banks across various markets.
FOUNDER

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
REGIONAL ANCHOR FOR ASIA

The Hong Kong Monetary Authority (HKMA) is Hong Kong’s central banking institution. One of the HKMA’s main functions is to maintain Hong Kong’s status as an international financial centre, including the maintenance and development of Hong Kong’s financial infrastructure. The HKMA is committed to promoting green and sustainable finance and collaborating with local and global stakeholders to address climate risk.
HKMA is a founding member of the Alliance and the first regional anchor (Asia). For more information on the HKMA, please visit www.hkma.gov.hk/eng/
Cornerstone Banks
Cornerstone Banks are the banks who have committed to supporting the Alliance initiatives by leveraging their resources and expertise in green finance to provide guidance, best practices, and insights to the Alliance Members on green and sustainable financing.

Bank of China (Hong Kong) Limited (“BOCHK”) puts sustainable development at the heart of its strategy. Through continuous innovation and diversification of its green products and services, BOCHK is committed to working with its customers to make a low-carbon transition, and promoting smart living and sustainable development with a view to creating value for its stakeholders and the community, and building a greener future together. For more information, please visit www.bochk.com.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. For more information, please visit www.citigroup.com.
Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2021). Nearly 8,900 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients. For more information, please visit www.ca-cib.com.
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,958 billion at 31 December 2021, HSBC is one of the largest banking and financial services organisations in the world. For more information, please visit www.hsbc.com.

Standard Chartered is a leading international banking group, with a presence in 59 of the world’s most dynamic markets and serving clients in a further 83. Its purpose is to drive commerce and prosperity through its unique diversity, and its heritage and values are expressed in its brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC. For more information, please visit www.sc.com.