Performance Targets

Updated February 2021
The mission of DC Green Bank is to provide access to capital, growing the clean economy to develop a more equitable, resilient, and sustainable DC.

DC Green Bank (DCGB) envisions a thriving clean economy that contributes to economic growth and prosperity for all DC. DC Green Bank also aligns its investment strategy with DC’s climate plans, including the Sustainable DC 2.0 Plan and the goal to be carbon-free by 2050. Each December, DC Green Bank will publish its annual progress on the Performance Targets adopted by the Board of Directors. The proposed Performance Targets are organized around DC Green Bank’s core values of Clean Economy, Sustainability, and Inclusive Prosperity, as well as around financial stewardship and progress, including its contribution to DC’s market acceleration for clean energy and sustainability.

Acting as a catalyst for a more equitable and vibrant city, DC Green Bank seeks to create pathways for sustainable finance solutions that prioritize making the clean economy inclusive and affordable for the DC community. DC Green Bank integrates and coordinates its financing with District initiatives, leading the way for DC to transition to a green city that runs on 100% renewable energy, for a healthier, more resilient, and sustainable community.

Download 2021 Performance Target PDF


We Welcome Your Feedback

We cannot achieve what we cannot measure, and we cannot do that effectively without your contribution! We welcome your input on these proposed Performance Targets, and there are multiple ways for you to contribute.

Click the link below to be taken to a form to provide written feedback on the proposed Performance Targets.

The Focus and Feedback Session to gather verbal community input took place on Thursday, February 11 from 6:30 – 7:30 pm.
Email DCGB your feedback on the Performance Targets at info@dcgreenbank.org or submit written feedback through an online form by clicking the button below.

The public comment period for our Performance Targets opened on February 5, 2021 and will close on March 8, 2021.

Submit Performance Target Feedback

Clean Economy

CE-1 Fund projects to expand green job opportunities that increase employability and earning potential for District residents.

.01 Measure permanent, contingent and contract green jobs across all skill levels created by DCGB investments.
.02 Measure new green job/business entrants as well as green job/business expansions and transitions in connection with DCGB investments.
.03 Measure median and average pay rates associated with DCGB investments.

CE-2 Build capacity among stakeholders to participate in the green finance market.

.01 Assess capacity needs of stakeholders associated with potential investments and facilitate their readiness for private capital. [See also IP‐2.02]
.02 Identify green finance gaps and develop strategies that expand access to for private capital. [See also IP‐2.03]

CE-3 Expand access of District residents to the clean economy.

.01 Support workforce development programs in the District to train residents to be successful in green jobs.
.02 Increase knowledge of District youth and young adults about clean energy, sustainability, and the clean economy. [See also IP‐2.04]
.03 Ensure green job growth opportunities along all categories of businesses and professions and promote equal access through pipeline programs. [See also IP‐ 2.05]
.04 Maximize access of District residents to electrification and affordable energy. [See also SU‐2.03, IP‐1.03]

Sustainability

SU-1 Fund sustainable projects and programs that support decarbonization in the District, improve public health, and conserve natural resources.

.01 Measure greenhouse gas (GHG) emission reduction through estimated carbon equivalents of annual and cumulative emissions avoided through 2032.
.02 Measure quantifiable changes in air, water, and other pollution (e.g., air quality, stormwater retention) in connection with DCGB investments.

SU-2 Accelerate the growth of the clean economy and electrification in the District.

.01 Measure clean energy produced and avoided energy use.
.02 Measure the deployment and growth of clean energy and sustainability technologies.
.03 Maximize access of District residents to electrification and affordable energy. [See also CE‐3.04, IP‐1.03]

SU-3 Strengthen the climate resiliency of District residents and businesses.

.01 Make critical infrastructure investments that support climate resiliency and adaptation.
.02 Identify sound and proven strategies to maximize climate resiliency, climate adaptation, and disaster risk reduction.

Inclusive Prosperity

IP-1 Prioritize inclusive prosperity in DC Green Bank investments.

.01 Allocate an equitable distribution of investment resources, including support for equal access in business development, application processing, loan processing and asset management.
.02 Identify equity and access gaps for the clean economy by District Ward, Advisory Neighborhood Commission, Business Improvement District, and Census Tract and expand access to green finance where gaps exist.
.03 Maximize access of District residents to electrification and affordable energy. [See also CE‐3.04, SU‐2.03]

IP-2 Empower stakeholders to promote wellness, prosperity, and equal access to sustainable investment and remove barriers to inclusive prosperity.

.01 Work with community leaders and stakeholders to share sustainability and clean economy knowledge, practices and resources with District residents that promote green lifestyle choices and energy savings.
.02 Assess capacity needs of stakeholders associated with potential investments and facilitate their readiness for private capital. [See also CE‐2.01]
.03 Identify green finance gaps and develop strategies that expand access to for private capital. [See also CE‐ 2.02]
.04 Increase knowledge of District youth and young adults about clean energy, sustainability, and the clean economy. [See also CE‐3.02]

IP-3 Prioritize a just transition to the clean economy in the supply chain.

.01 Include requirements for mission alignment with DCGB core values (Clean Economy, Inclusive Prosperity, and Sustainability) in the supply chain in connection with DCGB’s programmatic investment and use of its operational funds.
.02 Ensure external stakeholders set and measure goals aligned with DCGB core values and report to DCGB on progress towards same.
.03 Develop strategic partnerships to promote inclusive prosperity priorities in green banking.

Financial Stewardship

FI-1 Ensure the long‐term financial stability and viability of DC Green Bank.

.01 Design, evaluate, and continually improve cash management strategy and capital strategy to advance financial self‐sufficiency and resilient operations.
.02 Measure operating margin (revenues less expenses as a function of revenues).
.03 Measure revenue growth.

FI-2 Optimize social impact and efficiency of investments.

.01 Measure return on investment with respect to mission, profitability, and overall market acceleration.

FI-3 Commercialize green finance investment.

.01 Pilot and model bankable investment strategies.
.02 Accelerate DCGB pilot‐to‐product conversion, lender adoption of commercial finance products using DCGB funds or credit enhancement, and broader market adoption without DCGB participation.