Submitted by: International Finance Corporation
Categories: Corporate Social Responsibility
Posted: Feb 06, 2007 – 10:59 PM EST
Feb. 06 /CSRwire/ - The International Finance Corporation (IFC) and SustainAbility, an international consultancy and think-tank, are launching new research into companies in emerging markets. The hunt is on for emerging-market businesses that have achieved investment-grade status through good environmental, social and governance practices.
This work will build on a new publication: Developing Value 2 - a sequel to the 2002 original that IFC produced in partnership with SustainAbility. “We wish to move the sustainability business case for emerging market companies from one that is anecdotal and conceptual to one that is substantiated and quantified, and to improve the communication of sustainable value within emerging market companies.” said Richard Caines, Manager at IFC’s Environment and Social Department.
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The International Finance Corporation, the private sector arm of the World Bank Group, is the largest multilateral provider of financing for private enterprise in developing countries. IFC provides financial products for private sector investments, mobilizes capital in international financial markets, facilitates trade, helps clients improve social and environmental sustainability, and provides advisory services to businesses and governments. From its founding in 1956 through FY06, IFC has committed more than $56 billion of its own funds for private sector investments in the developing world and mobilized an additional $25 billion in syndications for 3,531 companies in 140 developing countries. With the support of funding from donors, it has also provided more than $1 billion in technical assistance and advisory services. For more information, visit www.ifc.org and www.ifc.org/africa.
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