A Game-Changing Partnership for Climate Action and Financial Inclusion
In a groundbreaking collaboration, Green Initiative, AlphaMundi Group, and Bankamoda are joining forces to address climate change while empowering underserved communities in the fashion industry.
This partnership, which merges environmental sustainability with financial inclusion, marks a significant step toward decarbonizing operations, achieving climate certifications, and fostering social equity in the fashion sector.
Leading Financial Inclusion in Colombia’s Fashion Industry
As Colombia’s premier fintech for the fashion industry, Bankamoda provides critical financial support to micro, small, and medium-sized enterprises (MSMEs). This sector, where 90% of businesses are unbanked and 82% of employees are women heads of households, represents a key opportunity for social impact.
With access to a USD 8 billion fashion market and a projected 14% annual growth in its loan portfolio from 2022 to 2027, Bankamoda is driving economic development and gender equity. This strategic growth positions Bankamoda as both a financial inclusion leader and a vital contributor to Colombia’s fashion economy.
Accelerating Climate Certification and Operational Decarbonization
Through this partnership, Bankamoda is collaborating with Green Initiative to integrate climate-smart operational processes and achieve Climate Certification. This effort will set new benchmarks for sustainable innovation within the fintech sector while positively influencing Bankamoda’s value chain and client portfolio. By decarbonizing its operations, Bankamoda is not only enhancing its environmental impact but also differentiating itself as a forward-thinking financial institution in the global climate arena.
Green Initiative is at the forefront of making climate finance accessible to businesses, especially those in emerging markets. Through simplified sustainability rating tools, certification guidance, and impact monitoring, Green Initiative ensures that resources are efficiently allocated to companies driving climate action.
As a leader in impact investing, AlphaMundi Group is committed to funding enterprises that deliver measurable social and environmental benefits. By integrating carbon certification and net-zero strategies, AlphaMundi’s investments align with the United Nations Sustainable Development Goals (SDGs), fostering long-term resilience in the sectors it supports, including financial inclusion and renewable energy.
The partnership between Green Initiative, AlphaMundi, and Bankamoda demonstrates how strategic collaboration can drive meaningful climate action while promoting financial inclusion. Together, we are creating a model for industry-wide transformation, empowering communities, and building a more sustainable and inclusive world.
