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The International Finance Corporation (IFC), a member of the World Bank Group, is headquartered in the United States and operates globally, focusing on developing countries. Founded in 1956, IFC plays a pivotal role in the financial intermediation services sector, specifically excluding insurance and pension funding services.
With a mission to promote private sector investment in emerging markets, IFC offers a range of core products and services, including investment and advisory services that facilitate sustainable economic growth. Its unique approach combines financial expertise with a commitment to social and environmental sustainability, positioning it as a leader in the industry.
Notable achievements include significant contributions to infrastructure development and job creation in various regions, reinforcing IFC's status as a key player in fostering economic resilience and innovation worldwide.
+4 vs industry average
International Finance Corporation’s score of 41 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
International Finance Corporation, a US-based financial intermediation services provider, reported total carbon emissions of approximately 53,503,000 kg CO2e in 2023. This includes Scope 1 emissions of 1,026,000 kg CO2e, Scope 2 emissions of 7,428,000 kg CO2e (with 4,183,000 kg CO2e from purchased electricity), and Scope 3 emissions of 42,674,000 kg CO2e, primarily 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. Furthermore, in 2019, International Finance Corporation committed to a 20% reduction in facility-related Scope 1 and 2 emissions by 2026, from a 2016 baseline. The organisation has also stated it has been carbon neutral in its business operations, including business travel (Scope 1 and 2), since FY2009. Looking further ahead, International Finance Corporation has set company-wide Scope 1, 2, and 3 targets for 2030, 2040, and 2050 to achieve net-zero emissions.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
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