World Bank
The World Bank, officially known as the International Bank for Reconstruction and Development (IBRD), is a pivotal institution headquartered in Washington, D.C., United States. Founded in 1944, it has played a crucial role in global economic development, particularly in low and middle-income countries across various regions, including Africa, Asia, and Latin America. As a leader in the development finance industry, the World Bank focuses on poverty alleviation, infrastructure development, and sustainable economic growth. Its core services include financial and technical assistance, policy advice, and capacity building, which are tailored to meet the unique needs of its member countries. Notably, the World Bank has facilitated significant milestones, such as the eradication of extreme poverty and the promotion of shared prosperity, solidifying its position as a key player in international development.
DitchCarbon Score
How does World Bank'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
World Bank's score of 36 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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World Bank's reported carbon emissions
In 2023, the World Bank reported total carbon emissions of approximately 179,721,000 kg CO2e. This figure includes 104,000 kg CO2e from Scope 1 emissions, 29,462,000 kg CO2e from Scope 2 emissions, and a significant 145,511,000 kg CO2e from Scope 3 emissions. The data reflects a comprehensive approach to emissions reporting, covering all three scopes. In 2022, the World Bank's total emissions were about 85,480,000 kg CO2e, with Scope 1 emissions at 4,539,000 kg CO2e, Scope 2 emissions at 29,016,000 kg CO2e, and Scope 3 emissions at 51,925,000 kg CO2e. This indicates a notable increase in emissions from 2022 to 2023. The World Bank has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other formal climate pledges. However, it does engage in climate-related financial disclosures and initiatives through its parent organization, The World Bank Group, which may influence its overall climate strategy. The World Bank's emissions data is not cascaded from any other organization, indicating that it independently reports its emissions without relying on data from a corporate family. The organisation's commitment to transparency in emissions reporting is evident, although specific reduction initiatives or targets have not been disclosed.
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| 1990 | 2010 | 2014 | 2018 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,500,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,000,000 | 0,000,000 | 0,000,000 | - | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
World Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
