International Finance Corporation

In 2023, the International Finance Corporation, a US-headquartered company in the Financial intermediation services, except insurance and pension funding services industry, reported total emissions of approximately 53.5 million kg CO2e. This included Scope 1 emissions of approximately 1.03 million kg CO2e, Scope 2 emissions of approximately 7.43 million kg CO2e (with purchased electricity accounting for approximately 4.18 million kg CO2e), and Scope 3 emissions of approximately 42.67 million kg CO2e, predominantly from business travel.

The company has set several climate commitments. It aims to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, the International Finance Corporation set a global, internal carbon-reduction commitment in 2019 to cut facility-related Scope 1 and Scope 2 emissions by 20% by 2026, against a 2016 baseline. Since FY09, IFC has been carbon neutral in its business operations, including business travel (covering Scope 1 and 2 emissions). The International Finance Corporation also has long-term net-zero targets for all scopes (Scope 1, 2, and 3), with targets set for 2030, 2040, and 2050.