International Finance Corporation Sustainability Profile
The International Finance Corporation (IFC), a member of the World Bank Group, is headquartered in the United States and operates extensively across emerging markets in Africa, Asia, Latin America, and the Middle East. Founded in 1956, the IFC focuses on private sector development, aiming to reduce poverty and promote sustainable economic growth. Specialising in investment and advisory services, the IFC provides unique financial solutions that include equity investments, loans, and risk management products tailored to the needs of businesses in developing countries. With a strong commitment to environmental and social sustainability, the IFC has established itself as a leader in mobilising private capital for development. Notable achievements include financing projects that have created millions of jobs and improved infrastructure in underserved regions. The IFC's strategic approach and extensive expertise position it as a pivotal player in the global finance landscape.
DitchCarbon Score
How does International Finance Corporation'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
International Finance Corporation's score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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International Finance Corporation's reported carbon emissions
In 2023, the International Finance Corporation (IFC) reported total carbon emissions of approximately 8,454,000 kg CO2e, comprising 1,026,000 kg CO2e from Scope 1 and 7,428,000 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2022, when total emissions were approximately 8,408,000 kg CO2e, with Scope 1 at 1,022,000 kg CO2e and Scope 2 at 7,386,000 kg CO2e. IFC has committed to significant carbon reduction targets, aiming to decrease its facility-related emissions (Scope 1 and 2) by 20% by 2026, using a 2016 baseline. This commitment was established in FY 2019 and is part of their broader strategy to address climate change and reduce their carbon footprint. The target is consistent across both scopes, indicating a comprehensive approach to emissions management. The organisation has not disclosed any Scope 3 emissions data, which limits the overall understanding of its full carbon impact. However, the focus on Scope 1 and 2 emissions demonstrates a commitment to improving operational efficiency and sustainability. Overall, IFC's climate commitments and reduction targets reflect a proactive stance in addressing carbon emissions, aligning with global efforts to combat climate change.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,058,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,669,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
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International Finance Corporation'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.
International Finance Corporation 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.
