Description

Over the last few years, sustainability has become a core operating principle of IFC’s work. This third annual Sustainability Report showcases the impressive range of social, environmental, and governance initiatives underway at IFC that serve to maintain the Corporation's catalytic role in private sector development in emerging markets. Highlights in 2004 include the overhaul of IFC's policy architecture; IFC’s leadership on sustainability services for emerging market banks and private equity funds; IFC's new gender initiative, and commitment to grow IFC's portfolio of renewable energy and energy efficiency projects through direct and indirect investments in the sector. Ongoing challenges covered in the report include developing an institutional approach to human rights, implementing recommendations from the Extractive Industries Review, and minimizing IFC's own corporate footprint.