Question
Out of the 258 financial institutions globally ,which
institution has emerged as the top performer of the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting being recognised by International Finance Corporation (IFC), a World Bank Group ?Solution
International Finance Corporation (IFC), a World Bank Group has recognised Federal Bank as the top performer of the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting. Out of the 258 financial institutions globally participating in climate reporting through the CAFI tool, Federal Bank emerged as a standout performer. Federal Bank secured two positions on the global stage i.e. Highest Climate Loan Amount Reported and Most GHG Mitigated category. Furthermore, in the South Asian region, Federal Bank clinched four prestigious recognitions in the following categories: ● Most Transactions Reported ● Highest Climate Loan Amount Reported ● Most GHG Mitigated ● Best Achievement vs Climate Targets
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