The Inter-American Development Bank (IDB), headquartered in the United States, is a leading institution in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. Established in 1959, IDB has played a pivotal role in fostering economic development across Latin America and the Caribbean, providing essential financial and technical assistance to member countries.
IDB's core offerings include loans, grants, and advisory services aimed at enhancing infrastructure, social development, and economic growth. Its unique approach combines financial resources with expertise in project implementation, making it a vital partner for governments and private entities alike. With a strong market position, IDB has achieved significant milestones, including the financing of transformative projects that have positively impacted millions of lives in the region.
0 vs industry average
IDB’s score of 37 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
IDB's reported carbon emissions
The Inter-American Development Bank (IDB), headquartered in the US and operating within financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions. For 2023, the IDB's total reported emissions were approximately 354.7 million kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
Looking at individual scopes for 2023, Scope 1 emissions totalled about 945,000 kg CO2e. Scope 2 emissions, using the market-based approach, were approximately 1.6 million kg CO2e, while the total Scope 2 emissions were around 5.9 million kg CO2e. Scope 3 emissions for business travel amounted to about 6.1 million kg CO2e.
In 2022, the IDB reported total emissions of approximately 354.7 million kg CO2e. Scope 1 emissions were around 802,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 2.0 million kg CO2e, with total Scope 2 at about 6.9 million kg CO2e. Business travel under Scope 3 was about 5.9 million kg CO2e.
The IDB has established climate commitments. A long-term target aims for net-zero greenhouse gas emissions by 2050, with a specific focus on how Latin America and the Caribbean can achieve this alongside socioeconomic and development goals. Furthermore, a near-term target, approved in 2019, committed to a 14% reduction in Scope 1 and 2 emissions between 2018 and 2023. Data indicates the organisation was on track to meet this target.
Emissions data for earlier years includes:
- 2021: Total emissions approximately 29.4 million kg CO2e, with Scope 1 at about 1.7 million kg CO2e and Scope 2 at approximately 6.7 million kg CO2e.
- 2020: Total emissions approximately 27.7 million kg CO2e, with Scope 1 at about 807,000 kg CO2e and Scope 2 at approximately 6.3 million kg CO2e.
- 2019: Scope 1 emissions were approximately 1.2 million kg CO2e.
- 2018: Scope 1 emissions were about 1.1 million kg CO2e.
- 2017: Total emissions were approximately 24.4 million kg CO2e.
- 2014: Total emissions were about 32.7 million kg CO2e, comprising Scope 1 (approximately 1.2 million kg CO2e), Scope 2 (around 11.9 million kg CO2e), and Scope 3 (approximately 20 million kg CO2e).
- 2011: Total emissions were approximately 20.4 million kg CO2e, with Scope 1 at about 171,000 kg CO2e and Scope 2 at approximately 8.6 million kg CO2e.
- 2010: Total emissions were about 21.5 million kg CO2e, with Scope 1 at approximately 183,000 kg CO2e and Scope 2 at around 10.6 million kg CO2e.
- 2009: Total emissions were approximately 21.0 million kg CO2e, with Scope 1 at about 194,000 kg CO2e and Scope 2 at approximately 10.9 million kg CO2e.
It is important to note that Scope 3 emissions data beyond business travel were not fully disclosed in all reporting years. The IDB's climate data is not cascaded from a parent organisation.
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IDB’s Climate Goals (2030 & 2050)
3 goals2023
14% reduction in Scope 1
In 2019, our Board of Executive Directors approved a CRF target to reduce scope 1 and 2 emissions by 14% between 2018 and 2023.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 3 climate goals
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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