Common approach to measuring climate results: Update on indicators

In April 2024, the MDBs published a Common Approach to Measuring Climate Results (the Common Approach) presenting the first common framework to define, measure, and link global progress on climate mitigation and adaptation with climate results of MDB activities. This is the first time MDBs are looking at results jointly and represents a significant step, in addition to tracking and reporting climate finance, and implementation of the COP24 Paris Alignment framework. The Common Approach aims over time to provide stakeholders with a clearer view of the climate results of MDBs and to enhance consistency in measuring results across MDBs.

This note expands on the April 2024 publication by providing an initial list of common indicators. The list of initial common indicators that are presented represents an initial in-depth reflection of the impact of the MDB contribution to achieving the goals of the Paris Agreement. The indicators leverage existing individual MDB frameworks for tracking climate-related results, as reported elsewhere, including routine project- and corporate-level documents.