From Commitments to Actions

Abstract

The many threats of climate change make it important for us as a society to prioritize sustainability and build a greener economy. While there may be initial costs associated with implementing environmentally friendly practices, the long-term benefits are immeasurable. Impact investments have the potential to generate significant profits and also allow investors to support innovative solutions aimed at addressing many ecological challenges. This study analyses the policies that are necessary for facilitating transformative investments while striving towards low GHG emissions, climate-resilient development, and conserving biodiversity along with essential ecosystem services. The authors delve into the efforts made by the Asian Development Bank towards climate change financing and its impact investments, exploring their strategies until March 2023 with an understanding of how these efforts have impacted the environment and also various economic sectors across Asia, and analyse ADB's investment approaches to gain insights on how they are achieving SDGs through their climate finance initiatives.