Sustainable Finance Scorecard for IDB Invest

We developed a Sustainable Finance Scorecard for IDB Invest

IDB Invest sought to strengthen ESG integration across its financial intermediary (FI) clients. To do so, it needed a practical and scalable tool to assess ESG maturity, benchmark performance, and support strategic dialogue. The challenge was to design a methodology that could be applied across diverse institutions and geographies, while aligning with IDB Invest’s portfolio monitoring systems.

Steward Redqueen developed the Sustainable Finance Scorecard in collaboration with IDB Invest’s SEG team. The Scorecard evaluates ESG maturity of FI clients across three dimensions: Governance & Strategy, E&S Risk Management, and Sustainable Products. Following a successful pilot with 11 institutions, it was rolled out to over 30 FI clients and implemented in the financial sectors of El Salvador and Ecuador through partnerships with the banking associations of El Salvador (Abansa) and Ecuador (Asobanca), and the Dutch development bank FMO. The Scorecard was also embedded into IDB Invest’s Sustainable Finance Portal to support ongoing portfolio monitoring and client engagement.

The Scorecard enables consistent benchmarking, informs client conversations, and supports ESG capacity building across the region. Its adoption by national banking associations has helped mainstream sustainable finance in El Salvador and Ecuador, reinforcing IDB Invest’s leadership in ESG integration.