About Us
The Alliance for Green Commercial Banks (The Alliance) is a new global initiative convened by IFC to bring together financial institutions, research institutions, and innovative technology providers to work together to develop a community of green financial institutions in emerging markets to collectively finance the infrastructure and business solutions needed to urgently address climate change.
Leadership
© The Alliance for Green Commercial Banks
It is our urgent global priority to address the complex and interconnecting needs of turning green investment opportunities in emerging markets into reality. By working together with public and private stakeholders, we hope our work will mobilize the financial sector, and accelerate the transition to a low-carbon global economy.
The Alliance
FOUNDER

A member of the World Bank Group, IFC is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic.
FOUNDING MEMBER AND
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).
Value Propositions

Knowledge
One-stop Knowledge Hub: Creating a one-stop shop and peer-to-peer learning platform for financial institutions to acquire knowledge, and tools to develop their green finance roadmaps and transform into credible green financial institutions.
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Community
Community of Practice and Innovation: Bringing together the leaders in green finance to develop a community of green financial institutions across emerging markets. Facilitating dialogue and providing thought leadership to catalyze green finance development.
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Investment
Facilitate Investment for Green Business Opportunities: Helping Alliance members and partners collaborate, unlock the trillions available in green and climate-related investment opportunities and scale up green finance to support a progressive transition to a sustainable future.

Advisory
Deploy Advisory Support for Green Transformation: Accelerating the transformation of green financial institutions and financing the infrastructure and business solutions needed to urgently address climate change.
ALLIANCE KEY PILLARS

GREEN PORTFOLIO
- Mainstream green finance
- Reduce financing to GHG intensive industries

GREEN NEW BUSINESS
- Grow green business
- Diversify green financial instruments

STRATEGIC COMMITMENT
- Green strategic planning
- Improve green finance capacity

CARBON NEUTRAL
- Achieving a state of zero carbon dioxide emission
- Achieving net zero carbon dioxide emissions

ENVIRONMENTAL, SOCIAL & CLIMATE RISK MANAGEMENT
- Strengthen climate risk management
- Establish environmental, social and governance (ESG) structure