Green Finance

Impacts of climate change and environmental degradation know no borders, traversing regions and many sectors, and affecting human health, agriculture and food security, water supply and sanitation, transportation, and energy supply, among many others. The financial sector plays a key role in catalysing financial flows towards the transition to a more sustainable economy. Investments in climate mitigation and adaptation measures are therefore essential.

AFC supports its clients and partners to develop, implement, and promote innovative financial products supporting a smooth transition to a climate-resilient economy, raising awareness in climate risk, and demonstrates the opportunities and benefits of climate-friendly investments.

AFC also advises financial institutions in the development and implementation of their environmental and social management system. Such system influences all financial products and services by ensuring that they are not only commercially viable, but also they ensure environmentally and socially responsible.

Since 2007, when AFC became a member of the GOPA Group, we have built a close working relationship with sister companies including GOPA Intec, excelling in Energy Efficiency (EE) and Renewable Energy (RE) technologies; GOPA Worldwide rural development and environment unit, active in tackling climate change and depletion of natural resources; or GOPA Infra with their expertise in infrastructure development.

AFC’s experience in climate finance expands to developing green loan products including EE and RE financing for SMEs and households, including a KfW-funded project with the Land Bank of the Philippines (LBP), and a project of the Green for Growth Fund (GGF) in Armenia and Azerbaijan.

AFC also contributed to the development of financing mechanisms for the sustainable management of natural resources in Colombia for the GIZ and facilitated biodiversity-friendly financing investments in the private sector through the KfW/ EADB in Uganda. In addition, AFC is proud to have developed an e-learning course on Climate Finance, Resilience, and Financing for Biodiversity Impact.

In East Africa, AFC supported financial institutions to manage ESG risks in their activities through the EIB Technical Assistance Programme and provided trainings in Climate Risk Management and Opportunities.

AFC has implemented further projects in the field of Green Finance in Kyrgyzstan, Tajikistan, Madagascar, Turkey, Egypt, Laos, Cambodia, and Vietnam