The sustainable finance market has seen a steady development in the last decade, experiencing a phase of exponential growth. The increasing severity, frequency, and impacts of climate change have put more pressure on financial institutions to recognize their role in catalyzing a more sustainable and low-carbon future. Issued by Crédit Agricole CIB and the Alliance, the paper expounds a “Five-Step-Approach” to guide the process of transformation towards green banking, inspired by Crédit Agricole CIB's own experience in setting up the strategy and governance in its transition towards green banking, as well as supporting clients in their transition journey. The paper also reveals the core elements of green banking practices and the relevant key practices of Crédit Agricole CIB, drawing references from international advocacy groups, regulatory guidelines, and the experiences of market leaders. The paper is also the first-of-its kind in the whitepaper series led by the Alliance.

The paper was prepared to identify and discuss emerging driving forces for financial institutions in the region to prioritize green and sustainability objectives while pursuing profit and highlights selected cases of innovative green finance transactions which showcase how Crédit Agricole CIB assists clients in their climate transition.