Annual Report 2020

Since we started on this journey in November 2018, the GIP has grown into one of the world’s largest sources of green financing, with strong support from both private and public sectors, including the governments of China, the UK and those along the Belt and Road.

By the end of 2019, the total assets held by the 37 signatory institutions globally exceeded USD 41 trillion, a major source of financial lending to the BRI. Committed to ensuring financial decision takes into account climate and environmental risks and to increasing green investment flows, GIP signatories have demonstrated their willingness to support countries along the Belt and Road to achieve green growth and bring the goal of the Paris Agreement closer to reality.

We have spent the past year focused on building the foundations for the future success of the GIP, clarified our governance rules and implementation and performance expectations of signatories. Our working groups have supported financiers on critical topics including climate and environmental risk assessment, environmental information disclosure, and innovative green financial instruments.

Crucially, we launched our annual reporting process for signatories. This has yielded the first climate disclosures from some of our signatories and reaffirmed the green financial leadership that the GIP brings to bear on the BRI. Using this data as a baseline, we have set a three-year strategy for the GIP, including clear targets for signatories to meet and exceed. By 2022, we expect all signatories will have integrated climate and environmental risks into their governance structures. By 2023, we expect all signatories to have made their first environmental information disclosures. Responding to feedback from signatories we will also extend our focus to demand-side concerns, working closer than ever with Belt and Road country governments on their green growth and decarbonisation priorities. We intend to launch a number of regional chapters, bringing GIP signatories and policymakers together to increase green investment flows.

Download the English version: GIP 2020 Annual Report

Download the Chinese version: GIP 2020 Annual Report (CN)