MANILA, Oct. 16 (Xinhua) -- The Asian Development Bank (ADB) on Wednesday approved its new corporate results framework (CRF), which simplifies and highlights metrics directly linked to the sustainable development goals (SDGs).

The new framework features 35 results indicators, down from 60 in the previous one.

The indicators cover the ADB's development results, strategic alignment, operational management, and organizational effectiveness. In addition, 37 tracking indicators will serve as supplementary metrics, enriching the analysis and offering "deeper insights" into the ADB's performance.

The new CRF includes updated corporate targets by 2030, including climate finance reaching 50 percent of the total committed financing volume, ensuring a cumulative achievement of more than 100 billion U.S. dollars from 2019 to 2030. Additionally, it sets a new target for annual private-sector financing to reach 13 billion dollars.

Since its introduction in 2008, the CRF has served as a key strategic management tool for the ADB to assess and enhance its development effectiveness. Enditem

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