New Development Bank Sustainability Profile
The New Development Bank (NDB), also known as the BRICS Development Bank, is a multilateral development institution headquartered in Shanghai, China. Established in 2014, the NDB aims to support public or private projects through loans, guarantees, equity participation, and other financial instruments, primarily in emerging economies. With a focus on sustainable development, the bank operates across major regions including Asia, Africa, and Latin America. Its core services encompass financing infrastructure and sustainable development projects, distinguishing itself through a commitment to environmentally friendly initiatives. Since its inception, the NDB has achieved significant milestones, including the issuance of its first green bonds, reinforcing its position as a key player in the global development finance landscape. The bank continues to enhance its market presence by fostering collaboration among member countries and promoting innovative financing solutions.
DitchCarbon Score
How does New Development Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
New Development Bank's score of 20 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New Development Bank's reported carbon emissions
The New Development Bank, headquartered in China, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the bank. This lack of data suggests that the bank may still be in the early stages of establishing its carbon footprint and climate commitments. As the global focus on sustainability intensifies, it is crucial for financial institutions like the New Development Bank to develop and communicate clear climate strategies. This includes setting science-based targets for emissions reductions and participating in initiatives that promote transparency and accountability in climate action. Without specific emissions data or reduction initiatives, the bank's commitment to addressing climate change remains unclear.
How Carbon Intensive is New Development Bank's Industry?
How Carbon Intensive is New Development Bank's Location?
New Development Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
New Development Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
