October 15, 2019 – Washington, D.C.: To accelerate investment in climate-resilient infrastructure projects in cities around the world, CDP and the Sustainable Infrastructure Foundation (SIF) today signed a cooperation agreement to enhance coordination between the SIF’s SOURCE platform and CDP Matchmaker. This coordination aims to achieve the organizations’ shared goal of closing the estimated USD$5-6 trillion infrastructure investment gap, preparing cities and their citizens for impending environmental risk.
Through the cooperation agreement, CDP and the SIF aim to strengthen the ability of cities to develop climate-resilient infrastructure projects and to communicate those projects to the financial sector. CDP and the SIF will collaborate to create linkages between the Matchmaker and SOURCE platforms and share best practices for advancing urban climate infrastructure. Cities preparing projects on SOURCE will have the option to showcase their projects on CDP’s Matchmaker platform to potential investors.
“This cooperation agreement is a major step forward for CDP’s work to bolster city environmental resiliency,” said Emily Kreps, Global Director, Investor Initiatives for CDP. “It will greatly simplify the experience of cities as they use Matchmaker and SOURCE to develop climate infrastructure projects and to highlight projects to public and private financial institutions.”
CDP’s Matchmaker works with cities to highlight their proposed climate mitigation, adaption and resiliency projects to the financial sector through a specialized project dashboard derived from the CDP Cities disclosure platform. Through Matchmaker, CDP works with cities to highlight projects in flood control, waste management, sustainable transportation, renewable energy, water management and energy efficiency.
The SIF runs SOURCE, the multilateral platform for quality infrastructure led and funded by the Multilateral Development Banks. SOURCE offers a comprehensive map of criteria to develop quality and sustainable infrastructure, covering governance, technical, economic, legal, financial, environmental and social issues. It uses sector-specific sets of questions covering all the stages of the project cycle, spanning from project definition to operation and maintenance to strengthen the capacity of project developers.
The cooperation agreement contributes to CDP’s work to accelerate investment in urban climate infrastructure. As members of the City Climate Finance Leadership Alliance (the Alliance), CDP and the SIF are demonstrating increased coordination among the Alliance members, who are striving to close the investment gap for subnational climate infrastructure projects. The agreement between CDP and the SIF, as well as their participation in the Alliance, is meant to support the aims of the Leadership for Urban Climate Investment (LUCI), an initiative recently announced during the UN Climate Action Summit that works to create 1,000 bankable, urban climate projects and to build the project preparation capacity of 2,000 cities by 2030. Through the cooperation agreement, CDP and the SIF aim to more effectively contribute to the goals of LUCI and continue working towards accelerating investments in climate resilient infrastructure worldwide.
Notes to editor
For more information or for exclusive interviews, please contact:
Liz Posner, CDP | T: 646-585-8832 | E: [email protected]
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$96 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 7,000 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2018. This is in addition to the over 750 cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Visit www.CDP.net or follow us @CDP to find out more.
About the Sustainable Infrastructure Foundation (SIF)
The SIF is a non-profit foundation under the supervision of the Swiss Federal government which technically supports governments, public institutions and public sector agencies to be more efficient and better prepared in the development of sustainable, climate resilient and inclusive infrastructures.