Common Approach to Measuring Climate Results : Update on Indicators (English)

Multilateral Development Banks (MDBs) share a collective vision for supporting countries, and public and private sector clients to transition toward an equitable low-carbon and climate-resilient future while continuing to pursue core sustainable development objectives. Central to this vision is supporting the achievement of the ambitious mitigation and adaptation goals of the Paris Agreement through a wide range of financing and advisory services, and supporting climate policies, plans, and frameworks. In April 2024, the MDBs published a Common Approach to Measuring Climate Results (the Common Approach) presenting the first common framework to define, measure, and link global progress on climate mitigation and adaptation with climate results of MDB activities. This is the first time MDBs are looking at results jointly and represents a significant step, in addition to tracking and reporting climate finance, and implementation of the COP24 Paris Alignment framework. The Common Approach aims over time to provide stakeholders with a clearer view of climate results of MDBs and to enhance consistency in measuring results across MDBs. This note expands on the April 2024 publication by providing an initial list of common indicators. To ensure indicators are compatible with MDB business models, this work is founded on individual MDB experiences in results measurement as well as other MDB joint approaches. It has also benefited from technical exchanges with external stakeholders.