CAF's Sustainability Report 2024
This report reflects significant progress in the consolidation of CAF as the region's green bank, and highlights the confidence of our partner countries, which has allowed us to expand our geographic coverage and impact.
The results are encouraging: The agenda of greener operations exceeded the green financing target, reaching 41%, 6 percentage points above the year's target of 35%. 48% of sovereign approvals included gender, diversity and inclusion components, exceeding the target of 40%. 27 ex-post evaluation reports were prepared, seeking to reposition impact evaluation as a knowledge-generating tool and a key instrument for the design of future operations.
Contents
In this introductory chapter, our CEO Sergio Diaz Granados provides context on the objectives, achievements and challenges of CAF's sustainability strategy. In addition, we present data on:
- Stakeholder engagement
- Outstanding results
- Materiality analysis
- Methodological note
- Corporate strategy
- CAF‘s profile
- Partnerships and resource mobilisation
In line with our mission to become the green bank of Latin America and the Caribbean, we are committed to integrating responsible and positive-impact practices into our processes and decisions.
To this end, we formulated five cross-cutting agendas that guide the path toward more sustainable and equitable investments:
- Greener operations
- Institutional strengthening
- Gender, inclusion and diversity
- Regional integration
The climate crisis is a global challenge that affects the environment and society, putting biodiversity and food security at risk, especially for vulnerable populations. In response, CAF acts as the green bank in Latin America and the Caribbean, financing conservation, clean energy and community welfare projects. It also seeks to create inclusive and resilient territories, supporting equal opportunities and improvements in health, nutrition and education, promoting digital innovation and emerging technologies.
This chapter contains information about:
- Risks, opportunities and future prospects
- Green bank
- Banking on sustainable and inclusive growth
- Productivity and internationalization
Ethics, transparency and efficiency in decision-making are fundamental pillars of CAF’s management. Over time, these principles have been key to strengthening trust with its stakeholders and guaranteeing a positive impact on shareholder countries through its products and services. Transparency and good corporate governance are consolidated as essential mechanisms for the development of CAF’s internal capacities and, as a financial institution, to materialize the objectives of its Corporate Strategy.
In this chapter you will find information on:
- Corporate governance
- Access to information and institutional transparency
- Ethics, compliance and risk management
- Auditing practices at CAF
- Environmental and social safeguards
- Environmental and social grievance mechanism
CAF implements initiatives in areas such as financial sustainability, digital transformation, human talent development and good governance, and internal environmental management, to accompany its vision of a green bank with a sustainable internal operation. With this, CAF is committed to strengthening its operational and strategic structure, guaranteeing its long-term stability and its capacity to meet the needs of shareholder countries.
In this chapter you will find information about:
- Risks, opportunities and future prospects
- Environmental sustainability
- Solvency and financial sustainability
- Talent and organizational health
- Digital transformation
Key figures of the 2024 Sustainability Report
41%
of CAF's financing in 2024 was green
68%
of the transactions incorporated green components
48%
of sovereign sector operations included gender, inclusion and diversity components.
USD 1.5 billion
were approved to strengthen the management of regional and local governments
USD 3.4 billions
were allocated to water, sustainable cities, transportation, tourism and creative economies.
USD 800 millons
were approved for the just energy transition agenda
USD 627 millons
were earmarked for the resilience and strategic ecosystems agenda.
USD 1.8 billion
were approved for the physical and digital infrastructure agenda
USD 1.1 billion
were earmarked for the inclusive social welfare agenda
In 2024, we reaffirmed our commitment to CAF’s institutional strategy to 2026, strengthening our presence and expanding our impact in the region
Sergio Díaz-Granados, CAF Executive President
About our Internal Environmental Sustainability
39%
of the goods met environmental, social, and economic criteria
+ 4.944
logistics providers received informational materials on the institution’s purchasing and contracting criteria
+ 100
officials were trained in sustainable purchasing and contracting through workshops, talks, and the Corporate Course at UVCAF
386 mtCO2
was the cumulative total of emissions avoided under the Green IT plan, achieving a 72% compliance rate
31.144,46 kg
of non-hazardous solid waste was managed in 2024
15.812,53
Carbon footprint (ton CO2 e)
Previous Sustainability Reports
