Tag: IFC

IFC Anchors First Sustainability-Linked Bond issued by NDR InvIT Trust to Bolster Green Warehousing, Drive Green Growth in the Warehousing Sector

Stuart Mitchell

In a strategic move to boost high-quality and sustainable warehousing infrastructure and promote resource-efficient growth in the warehousing and logistics sector, IFC has invested $75 million (INR 6,300 million) in a domestic local currency (INR) Sustainability Linked Bond (SLB) issued by NDR InvIT, an Infrastructure Investment Trust (InvIT) sponsored by NDR Warehousing Private Limited. This SLB is the first by a warehousing InvIT in India and marks the first SLB issuance by any InvIT in the country. The funding aims to support the expansion of NDR InvIT’s warehousing operations, enhance…

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Rhodes PNG Ltd. Achieves Global First with Triple EDGE Gender Certification

Stuart Mitchell

Prefabricated building and engineering company, Rhodes PNG Ltd. is the first construction and engineering company in the world to be recertified for a third time with EDGE (Equity, Diversity and Gender Equality), the leading global standard for gender equality in the workplace. With technical assistance and advice from the International Finance Corporation (IFC), a member of the World Bank Group, Rhodes has maintained the EDGE standards through its actions and measurable impact on organizational culture, including an increase in the representation of women in management and non-traditional roles; more inclusive recruitment, promotion, and training…

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The ILO and IFC launch a third year-long Community of Practice among insurers to reduce the protection gap for women

Stuart Mitchell

The ILO’s Impact Insurance Facility and the IFC Women’s Insurance Programme have launched the third cohort of the year-long IFC-ILO Women’s Insurance Community of Practice – #In4Women – to raise awareness about the insurance needs of women, and to highlight the market opportunity for insurers if they target women as customers and employees. Following the success of the first two cohorts of the Community of Practice, the partnership continues to impart best practices on how to increase access to insurance for women, allowing for learning and knowledge sharing within the…

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Innovation and Inclusion Drive Impactful, Record Year for IFC in Asia Pacific

Stuart Mitchell

IFC’s projects delivered significant impact across Asia Pacific in the last fiscal year, addressing pressing development challenges including climate change, gender inequality, food insecurity, and financial inclusion, while creating jobs and improving services across the region. IFC, the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group, committed a record $12.2 billion to 123 projects in Asia Pacific in the fiscal year ending June 30, an 11 percent year-on-year increase. This comprised $6.2 billion in long-term financing from its…

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IFC Expands Partnership with ENGIE to Boost Renewable Energy in Emerging Markets

Stuart Mitchell

The International Finance Corporation (IFC), a member of the World Bank Group, announced a landmark green and sustainability-linked loan of €500 million (approximately $534 million) to ENGIE S.A., the parent holding company of the ENGIE Group. The financing aims to bolster ENGIE’s efforts to expand its renewable energy portfolio in emerging markets and decarbonize its activities. It is also designed to advance Poland’s decarbonization goals and enhance energy security in South Africa by promoting clean and sustainable energy solutions. The loan includes ambitious climate targets as well as innovative occupational…

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