…AIIB chief Jin Liqun, speaking at the opening of the bank’s annual meeting…made clear that the AIIB has an important role to play in helping countries fulfil the Paris Agreement. …The bank’s energy strategy provides some detail on how its investments will respect the Paris Agreement…. But…the language on investments in coal power under certain circumstances was retained in the final document.

[S]ome NGOs are worried the bank’s efforts to be “lean” may lead to “sloppiness” in the way investments are managed. …[I]n the energy strategy the bank only refers to low-carbon transitions in general; there are no roadmaps to achieve targets or staged goals, no quantified aims for the various forms of energy, or when the document will come in to effect…. the AIIB’s projects are mostly jointly-funded with other banks…[which] may lead the bank to pass responsibility for the management of projects and the social and environmental outcomes onto its partners.

…[S]ome bank members have already raised concerns in private that the bank is being too hasty, with the board of directors asked to approve high-risk projects… before the appropriate policies and systems are in place. …Meanwhile two key safeguarding measures, the bank’s complaints handling mechanism and public information policy are still being finalised….