IDB
The Inter-American Development Bank (IDB), headquartered in the United States, is a leading financial institution dedicated to fostering economic development and social progress across Latin America and the Caribbean. Founded in 1959, IDB has played a pivotal role in providing financial and technical assistance to member countries, focusing on areas such as infrastructure, education, and health. With a unique blend of loans, grants, and expertise, IDB stands out for its commitment to sustainable development and poverty reduction. The bank's extensive operational reach spans numerous countries, making it a key player in regional development initiatives. Notable achievements include significant investments in renewable energy and urban development projects, solidifying its position as a trusted partner in advancing economic growth and social equity in the region.
DitchCarbon Score
How does IDB's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
IDB's score of 37 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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IDB's reported carbon emissions
In 2023, the Inter-American Development Bank (IDB) reported total carbon emissions of approximately 354,731,000 kg CO2e. This figure includes Scope 1 emissions of about 945,000 kg CO2e, Scope 2 emissions of approximately 5,850,000 kg CO2e (with a market-based total of about 1,614,000 kg CO2e), and Scope 3 emissions from business travel amounting to around 6,059,000 kg CO2e. IDB has set a significant commitment to reduce its Scope 1 and 2 emissions by 14% from 2018 to 2023, a target approved by its Board of Executive Directors in 2019. As of 2023, the bank is on track to meet this reduction goal. Furthermore, IDB aims for net-zero greenhouse gas emissions across all scopes by 2050, reflecting its long-term commitment to sustainability and climate action. In previous years, IDB's emissions were as follows: in 2022, total emissions were about 6,802,000 kg CO2e, with Scope 1 at approximately 802,000 kg CO2e and Scope 2 at around 6,910,000 kg CO2e. In 2021, total emissions were about 8,397,000 kg CO2e, with Scope 1 emissions of approximately 1,667,000 kg CO2e and Scope 2 emissions of about 6,727,000 kg CO2e. IDB's emissions data is not cascaded from any parent organisation, ensuring that its reported figures are independently sourced. The bank continues to explore strategies to enhance socioeconomic outcomes in Latin America and the Caribbean while addressing climate change challenges.
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| 2014 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,195,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 11,859,000 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 19,664,000 | - | - | - | - | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
IDB is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
