HDBank, Orient Commercial Joint Stock Bank (OCB), Maritime Bank (MSB), and VPBank have joined the International Finance Corporation’s (IFC) Alliance for Green Commercial Banks, a global initiative promoting sustainable finance in emerging markets in Vietnam. These Vietnam-based institutions are among 20 banks selected for the first cohort, representing a combined USD5.6 trillion in assets.
The alliance provides a collaborative platform for banks to embed sustainability into operations and scale up financing for the transition to low-carbon, climate-resilient economies. Focus areas include renewable energy, energy efficiency, sustainable transport, climate adaptation, and nature-based solutions. In Asia, the program is backed by the Hong Kong Monetary Authority, with Bank of China (Hong Kong), Citi, Crédit Agricole CIB, HSBC, and Standard Chartered serving as Cornerstone Banks.
Knowledge partners such as the CFA Institute, Renewables Academy, and the UN Environment Programme will contribute expertise and market insights.