International Finance Corporation
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.
-1 vs industry average
International Finance Corporation’s score of 34 is lower than 49% 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 increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
International Finance Corporation's reported carbon emissions
The International Finance Corporation (IFC), headquartered in the US and operating in financial intermediation services (except insurance and pension funding), is committed to reducing its environmental impact. For the reporting year 2023, the IFC reported Scope 1 emissions of approximately 1,026,000 kg CO2e and Scope 2 emissions of approximately 7,428,000 kg CO2e. In 2022, Scope 1 emissions were approximately 1,022,000 kg CO2e and Scope 2 emissions were about 7,386,000 kg CO2e. The IFC has established several climate-related commitments. It aims to reduce its Scope 1 and Scope 2 facility-related emissions by 20 percent between 2016 and 2026, based on a 2016 baseline. Furthermore, the organisation had a near-term goal to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. The IFC's reporting indicates that Scope 3 emissions data is not yet disclosed, with missing data points for purchased goods and services. The IFC's climate initiatives are self-reported and not cascaded from a parent organisation.
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International Finance Corporation’s Climate Goals (2030 & 2050)
4 goals2026
20% reduction in Scope 1
In 2018, IFC set its first-ever global corporate carbon emissions reduction science-based target to reduce its facility-related carbon emiss…
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.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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International Finance Corporation
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