Following the announcement at COP28, MDBs have strengthened their technical collaboration and are pleased to announce our first common approach to measuring climate results.

The MDBs’ common approach aims to foster consistency and comparability across MDBs in climate results measurement and to contribute to international efforts to establish standardized frameworks for assessing climate progress and guiding future climate action.

MDBs will continue their collaboration to work on and refine the common approach, including developing a set of common indicators, on mitigation, tracking emissions from their financing operations, and on adaptation, where possible, tracking beneficiaries of their interventions that enhance resilience. We will report progress by COP 29.