Page 47 - ICD-AR22-English

DEVELOPMENT EFFECTIVENESS
5. Development Effectiveness (DE)
Achieving development effectiveness is fundamental to ICD’s purpose as a development finance institution.
5.1 Developments in 2022
SDG Alignment Initiative: Applying the Stop, Adjust, Amplify, Undertake (SAAU) Framework ICD management recognizes the importance
of the 2030 Agenda and has ensured that ICD operations help contribute to the SDGs, thereby fostering a promising future for the societies of its member countries. ICD advocates the use of sustainable development to provide for the needs of today while ensuring the needs of tomorrow’s generation are protected. As a member of the International Development Finance Club (IDFC), ICD took part in the SDG Alignment study entitled “PDBs’ catalytic role in achieving the UN SDGs”. The study was authored by Natixis CIB’s Green and Sustainable Hub (GSH). The study spelled
out a set of “SDG contribution principles” and “integration trackers” at entity and activity levels. It proposed a practical and simplistic canvas
SAAU Framework
DIAGNOSIS CANVAS
designed to accommodate different maturity levels or starting points: the SAAU Framework (Stop, Adjust, Amplify, Undertake). It can be used by an individual bank for diagnosis and strategy setting purposes, but also by coalitions or clubs looking for collective commitments.1
As an enabler of alignment, the priority for ICD
is to identify to what extent and how best it can contribute to SDG gap bridging. The use of the SAAU Framework as a diagnosis and guidance tool helped identify how ICD could become a better SDG-aligned corporation. Led by the DEO, ICD introduced the SAAU Framework and began by filling the four categories to design a coherent and consistent action plan. The SAAU framework (see figure top right) recognizes different levels of contribution to achieving the SDGs.
1 PDBs’ catalytic role in achieving the UN SDGs – IDFC & Natixis.
Stop
NO LONGER DOING
Amplify
DOING MORE
Undertake
DOING NEW
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 45
Adjust
DOING DIFFERENTLY