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.
-3 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 reduced its overall emissions by 33% since 2018
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 (excluding insurance and pension funding), reported a total of approximately 8,454,000 kg CO2e in Scope 1 and Scope 2 emissions for 2023. This comprises about 1,026,000 kg CO2e in Scope 1 emissions and approximately 7,428,000 kg CO2e in Scope 2 emissions.
In 2022, the IFC's Scope 1 emissions were approximately 1,022,000 kg CO2e and Scope 2 emissions were about 7,386,000 kg CO2e. Prior to that, in 2021, Scope 1 emissions were reported as 970,000 kg CO2e and Scope 2 emissions were approximately 7,275,000 kg CO2e. For 2020, Scope 1 emissions stood at around 1,058,000 kg CO2e, with Scope 2 emissions at about 8,669,000 kg CO2e. In 2010, the IFC reported Scope 1 emissions of approximately 1,058,000 kg CO2e and Scope 2 emissions of about 8,669,000 kg CO2e.
The IFC has established several climate commitments. Notably, the organisation aims to reduce its Scope 1 and Scope 2 facility-related emissions by 20 percent by 2026, using a 2016 baseline. Furthermore, there are stated aims to reduce Scope 1 and Scope 2 emissions to near zero by 2025. The IFC has not disclosed Scope 3 emissions data for the years provided, with a note indicating missing data points for purchased goods and services. The organisation's climate data is not cascaded from a parent entity.
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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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