| Implementing partner: Transforma |
| Implementation period: April 2020 - March 2025 |
| Sector: Green Finance |
This project aimed to strengthen Colombia’s financial system as a driver of climate and nature action. It tackled key barriers preventing financial institutions from responding to climate change and biodiversity loss — including limited capacity to assess environmental risks, lack of disclosure practices, and low integration of sustainability into investment strategies.
A central component was equipping financial institutions with tools to incorporate climate and nature-related risks into their business models and decision-making. Through training, technical assistance, and knowledge exchange, the project introduced, among others, scenario analysis to support financial actors anticipate how climate policy shifts or market transitions could impact their portfolios. This approach prepared them to manage risk proactively and identify new, sustainable investment opportunities.
The project also advanced the adoption of global disclosure standards like the TCFD and TNFD, enabling financial and non-financial institutions to better understand, report, and act on climate risks. On the public policy front, it provided technical recommendations to support regulatory progress on sustainable finance, contributing to a more enabling environment for green investments.
The project raised awareness about the growing issue of “climatehushing” — where companies withhold climate-related information — and worked to improve transparency and accountability across the financial ecosystem. Overall, this initiative helped catalyze a shift toward a more resilient, transparent, and climate-aligned financial sector in Colombia, aligned with global best practices and the country’s long-term sustainability goals.
Click here to find out more about the project and its results.
"CCADI has been transformative by driving significant impact in building capacities within Colombia’s financial sector. Through direct collaboration with financial entities—such as insurers, development banks, pension funds, industry associations, and real sector issuers—we have equipped organizations with knowledge and skills, from board members to technical teams, to take their first steps toward transformative climate action."
- Mariana Rojas, Climate Finance Director, Transforma
