Fund/Portfolio Objectives
The goal of the SCF is to catalyse climate mitigation and adaptation solutions at the subnational level through a transformative finance model. The model is designed to attract public and private investment and to deliver certified climate and sustainable development impacts and Nature-based Solutions.
The Subnational Climate Fund creates multiple sustainability co-benefits with specific targets by investing in mid-size low-carbon and climate resilient infrastructure. With the aim to mitigate climate change and strengthen adaptive capacities (SDG 13), improve livelihoods and enhance prosperity in emerging markets and developing countries (SDG 8), and transform lives in local economies and promote inclusion by promoting women’s economic empowerment (SDG 11 & 5).
SCF partner primarily with subnational authorities to identify and implement projects, financed with a blend of concessional and conventional capital, along with Technical Assistance grants that help mitigate risk and ensure financial and environmental goals are achieved.
Enterprise Managing the Fund/Portfolio
SDGs Impacts
Fund/Portfolio status
Design Certified
Countries targeted
Africa: Burkina Faso; Cameroon; Côte d’Ivoire; Democratic Republic of the Congo; Gabon; Guinea; Kenya; Mali, Mozambique; Nigeria; Rwanda; Senegal; South Africa; Togo; Uganda
Asia- Pacific: Cambodia; Fiji; Indonesia; Myanmar
Latin America and the Caribbean: Bahamas; Brazil; Chile; Costa Rica; Dominica; Dominican Republic; Ecuador; El Salvador; Guatemala; Haiti; Honduras, Jamaica; Mexico; Panama; Uruguay
Mediterranean: Albania; Jordan; Lebanon, Mauritania; Montenegro; Morocco; North Macedonia; Tunisia.
Fund Portfolio Documents
| Certification Status | Date | Documentation |
|---|---|---|
| Listed | 11 September 2022 | Fund design Document v.1.1 |
| Design Certified | 7 July 2023 | Fund Design Document v.1.2 |
| Validation Report v.1.3 | ||
| Supporting Documents | Environmental and Social Management System | |
| Sustainability Disclosures | ||
| ESG Screening and Categorisation template | ||
| Environmental & Social Due Diligence | ||
| KPI data collection at investee and project level Template | ||
| KPI Dashboard at portfolio level Template | ||
| Diversity and Inclusion Policy |