Ten Essentials for a “Truly Green” Green Equity Approach

This executive summary by the Center for International Environmental Law outlines necessary reforms for the International Finance Corporation's (IFC) 'Approach to Greening Equity in Financial Institutions' (Green Equity Approach or GEA). While acknowledging the GEA's goal to phase out coal-related investments by 2030, the document argues that the current framework is too narrow to align the IFC's equity portfolio with the Paris Agreement and proposes ten essential improvements to address loopholes and integrate social and environmental safeguards.

• The International Finance Corporation's (IFC) Green Equity Approach (GEA), published in 2020, aims to end equity investments in financial institutions lacking a plan to phase out coal-related investments by 2030, but it is considered too narrow to fully align the IFC's portfolio with the Paris Agreement.
• The Center for International Environmental Law proposes ten essential reforms for the GEA to ensure it meets global climate objectives. These include stopping support for new coal and oil and gas projects, scaling up sustainable renewable energy investments, closing the coal underwriting loophole, prioritizing gender equality, addressing past harms from fossil fuel projects, ensuring transparency and public disclosure, allowing for evidence-based public reviews, and adopting a rights-based approach with meaningful participation.

APA

Center for International Environmental Law (2022). Ten Essentials for a “Truly Green” Green Equity Approach. https://www.ciel.org/wp-content/uploads/2022/06/Ten-Essentials-for-a-Truly-Green-Green-Equity-Approach-Summary-2.pdf

Chicago

Center for International Environmental Law. Ten Essentials for a “Truly Green” Green Equity Approach. 2022. https://www.ciel.org/wp-content/uploads/2022/06/Ten-Essentials-for-a-Truly-Green-Green-Equity-Approach-Summary-2.pdf.

Wikipedia

{{cite report |author=Center for International Environmental Law |title=Ten Essentials for a “Truly Green” Green Equity Approach |date=April 2022 |url=https://www.ciel.org/wp-content/uploads/2022/06/Ten-Essentials-for-a-Truly-Green-Green-Equity-Approach-Summary-2.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{centerforinternationalenvironmentallaw2022ten, author = {{Center for International Environmental Law}}, title = {{Ten Essentials for a “Truly Green” Green Equity Approach}}, institution = {Center for International Environmental Law}, year = {2022}, month = apr, url = {https://www.ciel.org/wp-content/uploads/2022/06/Ten-Essentials-for-a-Truly-Green-Green-Equity-Approach-Summary-2.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }