Submitted by International Finance Corporation
IFC, a member of the World Bank group, and Standard and Poor's invite media to the launch of the world's first carbon-efficiency index for emerging markets that aims to mobilize more than $1 billion for carbon-efficient companies over the next three years.
The innovative S&P/IFC Carbon Efficient Index will encourage carbon-based competition among emerging-market companies, give carbon-efficient companies access to long-term investors, and should help reduce carbon emissions in developing countries.
Date: Thursday, December 10, 10:30 a.m. - 11:00 a.m.
Venue: Press Center, Bella Center, Center Boulevard, 2300 Copenhagen, Denmark
For more information or to set up media interviews, please contact:
Katia Theriault, IFC
Phone: (202) 458-9704
Cell phone: (202) 203-8223
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled $14.5 billion in fiscal 2009, helping channel capital into developing countries during the financial crisis. For more information, visit www.ifc.org.
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 finances private sector investments, mobilizes capital in international financial markets, facilitates trade, helps clients improve social and environmental sustainability, and provides technical assistance and advice 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.
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