African Development Bank (AfDB) Group is the premier development-finance institution in Africa. Its mandate is to spur sustainable economic development and social progress on the continent, thereby contributing to poverty reduction. AfDB’s triple-A ratings are driven by strong membership support – reflected by a record capital increase approved in 2019 and the admission of new members of the bank – its high capital and risk-bearing capacity, prudent financial management and policies, and robust liquidity position.

AfDB has established a Ten-Year Strategy (2013-2022) with a focus on two overarching objectives: inclusive growth for all and a gradual transition to green growth. The green and social bond programmes established in 2013 and 2017, respectively, are important vehicles used to help the bank achieve these goals.

AfDB’s Green Bond Program finances green projects in Africa and transforms Africa’s abundant renewable resources, especially in solar and wind energy, in the pursuit of green and sustainable growth. The importance of this programme grows as the bank aims to achieve a target of 40% of all approvals related to climate finance by the end of 2021 and mobilise US$25 billion toward climate finance by 2025.

AfDB’s Social Bond Program aims to meet critical development challenges on the continent while simultaneously responding to increasing demand for investments that have significant social impact and promote greater transparency in the use of funds.

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMMES
In 2015, AfDB announced five priority areas within its Ten-Year Strategy, called the “High 5s”. These are feed Africa, integrate Africa, light up and power Africa, industrialise Africa and improve the quality of life for the people of Africa. The High 5s will help Africa achieve close to 90% of the UN SDGs.

PUBLIC ISSUER ESG RATINGS/SCORES

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