On behalf of DAI, Climate Lens Advisors (CLA), acting as a subcontractor, supports the European Investment Bank (EIB) in implementing the Greening Financial Systems (GFS) Programme. The programme promotes the transition toward net-zero and climate-resilient financial systems and supports the development of practical regulatory, supervisory, and market frameworks for sustainable finance, climate-related disclosures, and environmentally sustainable investment.
This support is delivered through technical assistance, advisory services, and capacity building for central banks, regulators, and financial institutions. The programme focuses on introducing best lending practices related to green financing, including improvements in procedures, processes, and financial products available to financial intermediaries.
The programme pursues four key objectives:
• Promote an enabling financial sector environment that unlocks climate action and green investments in the targeted countries.
• Support central banks, supervisors, and financial institutions in assessing and addressing climate risk and integrating climate risk management practices.
• Build institutional capacity in central banks and supervisory authorities to support the transition toward a net-zero and climate-resilient economy.
• Support financial institutions in introducing best financing practices related to climate action and green financing, particularly in lending and debt instruments.
Across both supervisory and commercial banking workstreams, the programme also includes support for climate-related disclosure frameworks, IFRS S1 and IFRS S2 gap assessments, reporting guidance, and institutional capacity building, enabling institutions to move toward more consistent and decision-useful sustainability disclosures.
Under this contract, CLA implements a wide range of technical assistance and advisory sub-assignments. These activities are delivered through two main programme components:
• Component I – Support to Central Banks and Supervisors
• Component II – Support to Commercial Banks
CLA supports central banks and supervisory authorities in strengthening climate risk policy frameworks, supervisory tools, and sustainable finance regulations.
Key areas of support include:
• Development of Sustainable Finance Roadmaps and national strategies
• Integration of climate risk into financial supervision, including climate stress testing methodologies and risk assessment tools
• Development of national green taxonomies and climate-related policy frameworks
• Design of climate disclosure frameworks and support for IFRS S1/S2 alignment
• Development of green finance instruments, including guidance for green bonds
• Capacity building, training programmes, and knowledge exchange for regulators and supervisors
Through these activities, CLA has supported central banks in strengthening climate risk management frameworks, disclosure practices, and supervisory capacity.
Central banks and regulators supported under the programme include:
National Bank of Georgia
Central Bank of Armenia
National Bank of North Macedonia
Central Bank of Kenya
National Bank of Ethiopia
National Bank of Albania
National Bank of Uganda
State Bank of Vietnam
Central Bank of Bosnia and Herzegovina
CLA supports commercial banks in integrating climate considerations into their risk management, strategy, and financial product development.
Key areas of support include:
• Climate risk gap assessments aligned with supervisory expectations and IFRS S1/S2 requirements
• Development of climate risk management frameworks and reporting structures
• Preparation of IFRS S1/S2-aligned sustainability disclosures
• Development of Climate Transition Plans, including carbon footprint analysis and climate target setting
• Implementation of climate scenario analysis and stress testing frameworks
• Development of green finance products and sustainable lending frameworks
• Identification and screening of climate investment opportunities and project pipelines
• Capacity building and advisory support for financial institutions
These activities support financial institutions in strengthening their climate risk management practices and expanding their sustainable finance operations.
Commercial banks supported under the programme include:
Bank of Georgia, Terabank, Liberty Bank, Ardshinbank, ArmSwissBank, Inecobank, Komercijalna Banka, NLB Banka, ProCredit Bank, ABC BankFamily, BankEquity Bank (Kenya), Bank of Kigali, BPR Bank, Equity Bank (Rwanda), Development Bank of Rwanda (BRD), Zemen Bank, Hibret Bank, Dashen Bank, Bank of Industry (BOI), NigeriaWema Bank, NigeriaFirst Bank of Nigeria
