The International Finance Corporation, the private sector arm of the World Bank, this month releases its 2005 Sustainability Report, celebrating the Corporation’s 50th Anniversary. The report is entitled ‘Choices Matter’ and shows how IFC integrates sustainability concerns into its investments choices and services.
It also shows how the largest investor in private equity in developing countries is using its unique position and resources to respond to global challenges: climate change, poverty, corruption, HIV/AIDS, the participation of women in private sector development, and natural resources preservation.
Highlights include:
IFC’s new environmental and social standards
A step by step explanation of IFC’s Investment Cycle, indicating how sustainability and development goals are integrated into decision-making
A ‘project anatomy’ showing how IFC worked hand in hand with a client to improve the environmental, social, and financial performance of their business
Progress on staff learning programs and the introduction of Long Term Performance Awards to mainstream sustainability
An overview of IFC’s response to climate change, including the first-ever assessment of IFC’s investments in sustainable energy through its mainstream portfolio ($221 million in FY05)
Progress on IFC’s commitment to manage its own social and environmental footprint by reducing waste, greening its energy use, and reaching out to communities
Assurance for the report was provided by The Corporate Citizenship Company.
To download the report or request hard copies, visit www.ifc.org/SustainabilityReport
IFC welcomes questions and feedback via tellmemore@ifc.org
IFC’s mission is to promote sustainable private sector investment in developing and transition countries, helping to reduce poverty and improve people’s lives. From its founding in 1956 through FY05, IFC has committed more than $49 billion of its own funds and arranged $24 billion in syndications for 3,319 companies in 140 developing countries. For more information, visit www.ifc.org
Visit www.CorporateRegister.com to access this publication together with a further 11,000 CSR reports.
