Tag: IFC

ILO and IFC scale up collaboration on social issues in private investments

Stuart Mitchell

The International Labour Organization (ILO) and the International Finance Corporation (IFC) plan to strengthen their collaboration to enhance the focus on social issues in Environmental, Social, and Governance (ESG) efforts related to private investments. The enhanced partnership aims to promote decent private sector jobs and social inclusion in places that need it most. Relying on social standards, the priority themes include promoting gender equality in the workplace and addressing gender-based violence at work; supporting the creation of quality green jobs of the future and scaling up joint efforts to improve…

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New Roadmap from IFC and Partners Outlines Net-Zero Pathways for Mining Green Tech Metals

Stuart Mitchell

The International Finance Corporation (IFC) launched the Net-Zero Roadmap for Copper and Nickel Mining Value Chains, a new solutions guide aimed at decarbonizing the mining of critical minerals. Copper and nickel are key components of green energy technologies needed to combat climate change, including solar panels, batteries, and wind turbines. According to the roadmap, the world will need to increase copper and nickel production by 200–300 percent to reach global climate targets by 2050. But emissions from copper and mineral production processes are expected to double by 2050 unless a…

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IFC, BNP Paribas Launch Landmark SRT Transaction to Support Trade Finance in Emerging Markets

Stuart Mitchell

IFC, a member of the World Bank Group, and BNP Paribas (BNPP), the European Union’s largest bank as measured by assets and a key player in international banking, today announced a landmark Synthetic Significant Risk Transfer (Synthetic SRT) transaction, which will enable BNPP to expand its trade finance activities and continue to support emerging market economies. The transaction is expected to be particularly impactful, as international trade finance flows have been adversely impacted by ongoing global economic uncertainty. BNPP is a strategic user of SRTs across a variety of asset…

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IFC and ALD Partner to Scale Green Vehicle Fleets in Emerging Markets

Stuart Mitchell

IFC and ALD, a leading global vehicle leasing company and a subsidiary of Societe Generale, has announced a partnership to reduce carbon emissions in transport by accelerating the adoption and penetration of green vehicles in emerging markets. The US$400 million IFC investment will help ALD grow its green fleet, a combination of hybrid, plug-in hybrid and battery electric vehicles, in seven countries –Türkiye, Mexico, India, Serbia, Romania, Bulgaria, and Croatia. The financing, which was intermediated by Societe Generale on behalf of ALD, is expected to add 15,000 green vehicles with…

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IFC Recognizes Emerging Market Financial Institutions for Climate Reporting

Stuart Mitchell

IFC has delivered this year’s Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting, recognizing financial institutions lending in emerging markets that use the CAFI tool to assess the climate eligibility and measure the climate impact of their investments. The CAFI Awards acknowledge IFC financial sector clients’ investments going into climate activities and the responsibility shown to report on their climate commitments. This recognition is based on climate finance transactions recorded in the CAFI tool and deemed eligible by IFC.  To date, IFC clients have used CAFI to report…

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