NDB targets 40% climate finance by 2026

The National Development Bank (NDB) says its target of 40% of its approved financing for climate change related projects from 2022 to 2026, integrating climate risks measures into project designs and tracking climate finance each year.The 9th Annual Meeting of the NDB is being held in Cape Town.The NDB said it has established a sustainable finance policy framework, to manage green, social and sustainability bonds, as well as other debt instruments in international and domestic capital markets.“The framework has obtained a second party opinion from sustainalytics, which confirms that the…