- AIIB voluntarily adopts ISSB disclosure standards, enhancing transparency on climate risks and financed emissions.
- Report concludes climate-related financial risks are not material to AIIB’s operations.
- Move aligns with multilateral development banks’ COP28 pledge to support a global baseline for sustainability disclosures.
The Asian Infrastructure Investment Bank (AIIB) has released its inaugural Sustainability Report, marking a significant step in aligning with emerging global standards for climate-related financial reporting. The 2024 report applies the International Sustainability Standards Board (ISSB) disclosure framework, positioning AIIB among the first development banks to voluntarily adopt the standards.
