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Corporate Social Responsibility
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11.14.2007 - 11:30am ET
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ReportAlert.info - IFC Publishes First Annual Triple Bottom Line Report - Creating Opportunity
(CSRwire) November 14, 2007 - IFC, a member of the World Bank Group, has released its
first-ever triple bottom line Annual Report, entitled "Creating
Opportunity".
The full report plus an online GRI Index are available via http://www.reportalert.info/ra/IFC141107.htm
The 2007 Annual Report incorporates IFC's Sustainability Report and Report
to Donors and for the first time features aggregated data on IFC's
contribution to development across regions and sectors. In addition to the
statement from the financial auditors, the report includes an independent
assurance statement on its non-financial information.
A new section, entitled "How We Work", provides information on IFC and
World Bank Group governance, the stages of IFC's investment and advisory
project cycles, and data on staff, executive compensation, and the carbon
footprint of IFC's headquarters.
Performance Highlights
IFC made investments of over $8 billion for its own account and
nearly $4 billion more in loan participations, achieving the strongest
financial position in its history.
A groundbreaking new tracking system now captures the economic,
financial, social and environmental impacts of IFC’s investments and
advisory services.
IFC invested $450 million in renewable energy and energy efficiency
through mainstream projects with clean energy components.
Some 182 new projects have been screened against IFC’s updated
Environmental and Social Performance Standards since their launch in April
2006. IFC has trained 1,228 employees, including 532 investment staff, to
apply the standards.
IFC offset 100 percent of carbon emissions from its headquarters,
including travel by Washington-based staff, and has extended its
carbon-neutral commitment to cover 50 percent of field offices.
The report is supplemented by online information, including:
Development Impact Results Measurement Portal - http://www.ifc.org/results.
World Bank Group Progress on Renewable Energy - http://www.worldbank.org/re.
IFC's Corporate Footprint Program - http://www.ifc.org/footprint.
Visit http://www.CorporateRegister.com
to access 15,400 CSR reports.
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