AIIB SUSTAINABLE DEVELOPMENT BONDS
IMPACT REPORT 2024

The challenges facing our world today—climate change, nature and biodiversity loss, pollution, economic uncertainty, and geopolitical instability—are more complex and interconnected than ever. Their consequences are farreaching, threatening lives, livelihoods, and the stability of our planet. We are already experiencing the effects of current trends of direct and indirect drivers of nature loss resulting in substantial negative outcomes for biodiversity, water availability and quality, food security, and human health, while exacerbating climate change. Nowhere are these risks more acute than in developing countries, which make up the majority of AIIB’s Members. For these nations and their people, overcoming these situations requires united efforts to prevent irreversible conditions that affect human well-being.

Amid these challenges, Asia has emerged as a driving force behind the global momentum for sustainable development and climate action. As a young institution, AIIB has played a pivotal role in this transformation. Over the past decade, we have built a strong foundation, enabling our Members to accelerate investments in sustainable infrastructure—not just in Asia, but beyond.

The numbers tell a compelling story. In 2024, AIIB approved USD5.6 billion for projects delivering climate-positive outcomes—comprising 67% of all approved financing that year. This achievement reflects not only our unwavering commitment to invest in sustainable infrastructure but also the dedication of our institution and staff to driving meaningful change.

Infrastructure is at the heart of economic development, but it must be pursued responsibly. While infrastructure can enhance resilience and prosperity, it also carries environmental and social implications that demand careful stewardship. That is why AIIB operates within a strong policy framework, including our Environmental and Social Framework, ensuring that sustainability is the foundation of every project. Our Climate Action Plan further reinforces our commitment, recognizing the urgency of supporting Members on just and equitable transitions to low-carbon pathways.

But our ambition extends even further. To help our Members advance their national climate transition plans, AIIB launched Climate Policy-Based Financing in 2024. This new financing tool will support policy and institutional reforms, create conditions for scaling up climate-related infrastructure investments, and reinforce our collaboration with other multilateral development banks.

AIIB will continue to play a leadership role. We will leverage our convening power to catalyze solutions for our 110 Members and strengthen partnerships across the development community. We will work closely with MDBs and development finance institutions to maximize our collective impact, ensuring greater efficiency, coordination, and results.

AIIB remains steadfast in its mission: to finance Infrastructure for Tomorrow—resilient, inclusive, and sustainable. Together, with our Members and partners, we will continue to build a future where development and sustainability go hand in hand.

Let us move forward with determination, combining personal dedication and a commitment to excellence, as we strive to make a lasting impact on the world.

Jin Liqun
President and Chair of the Board of Directors
Asian Infrastructure Investment Bank

Since our inaugural bond issuance in 2019, AIIB has grown to become a prominent issuer, maintaining an active and liquid presence in global markets. In 2024, we achieved our largest borrowing program to date, issuing USD9.9 billion and bringing our total outstanding bonds to USD34 billion. This accomplishment reflects the growth of our organization and underscores the unwavering support of our global investor base, to whom we extend our deepest gratitude for advancing AIIB’s mission of financing sustainable infrastructure development.

AIIB’s mission continues to be guided by its four thematic priorities: green infrastructure; connectivity and regional cooperation; technology-enabled infrastructure; and private capital mobilization. In 2024, we demonstrated our commitment to these themes through our projects. The projects featured in Section 8 of this report reflect how our financing relates to these thematic priorities. Our results in 2024 can also be seen on a portfolio level where AIIB has mobilized USD2.7 billion of private and public capital. Energy investments are expected to prevent 5.7 million tons of tCO2e of GHG emissions annually. Other expected results contribute to environmental and social sustainability.

Aligned with our Sustainable Development Bond Framework, AIIB’s bond proceeds are dedicated to financing impactful projects. As part of our continued commitment to transparency and responsible financial management, we implemented our Treasury Liquidity Environmental, Social, and Governance (ESG) Framework in 2024. Alongside this impact report, these initiatives enhance transparency, mitigate risk, and place additional emphasis on directing capital toward social and environmental development causes.

I am delighted to share our 2024 impact report which showcases our commitment to the Sustainable Development Goals (SDGs) and our alignment with the Paris Agreement.

Learn more about AIIB’s Sustainable Development Bond Framework and the Impact of AIIB Financing on AIIB's YouTube channel.

Domenico Nardelli
Treasurer
Asian Infrastructure Investment Bank