IDB Sustainability Profile
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 43 is higher than 62% 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 the latest data, the organisation 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. The emissions data is not cascaded from any parent organisation, indicating that IDB independently reports its carbon footprint and climate initiatives. The bank's efforts align with broader industry standards and practices aimed at mitigating climate change impacts.
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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 |
How Carbon Intensive is IDB's Industry?
How Carbon Intensive is IDB's Location?
IDB's Scope 3 Categories Breakdown
IDB's Scope 3 emissions, which increased by 4% last year and decreased by approximately 69% since 2014, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 70% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
IDB's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
IDB has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
