IFC Climate & Sustainability

Welcome to #EnergyDay at #COP29 in Baku! Today, the conversation will focus on expanding access to #renewables ☀ 🍃 in #emerging market, and mobilizing capital to make it happen. Please join us in Baku or watch online: 👇 ➡ The Critical Link: Empowering Utilities for the Energy Transition 🗓 Friday, November 15, 2024, 11:00 - 11:45 Baku time https://lnkd.in/ekxb_k6D ➡ Mission 300: Bringing Electricity to 300 million Africans through Innovation and Partnerships  🗓 Friday, November 15, 2024, 13:30 - 15:00)  📺 WATCH LIVE https://lnkd.in/eR5fW_Hp

Building a sustainable future takes teamwork. 🌍 Today at #COP29, the Central Bank of #Azerbaijan, together with IFC, IPSF, and UNDP, launched the “Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies.”   This roadmap provides a framework for improving cross-border compatibility of sustainable finance taxonomies—tools essential for directing capital toward projects with significant environmental and social impact. By aligning green taxonomies, it supports both developed and emerging markets in achieving the Paris Agreement’s climate goals.   IFC - International Finance Corporation and Sustainable Banking and Finance Network (SBFN) are proud to help drive a more connected, sustainable financial future.    https://lnkd.in/emUrK7wt IFC Climate & Sustainability

We are pleased to announce the release of the 𝘙𝘰𝘢𝘥𝘮𝘢𝘱 𝘧𝘰𝘳 𝘈𝘥𝘷𝘢𝘯𝘤𝘪𝘯𝘨 𝘐𝘯𝘵𝘦𝘳𝘰𝘱𝘦𝘳𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘊𝘰𝘮𝘱𝘢𝘳𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘰𝘧 𝘚𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘍𝘪𝘯𝘢𝘯𝘤𝘦 𝘛𝘢𝘹𝘰𝘯𝘰𝘮𝘪𝘦𝘴, officially launched today at #COP29 in Baku. This initiative, led by the Sustainable Banking and Finance Network (SBFN), IFC - International Finance Corporation, and the Central Bank of the Republic of Azerbaijan, in partnership with United Nations Development Programme (UNDP) and the International Platform on Sustainable Finance (IPSF), aims to align sustainable finance taxonomies across emerging markets and developing economies. The Roadmap outlines three key priorities: ➡️ 𝗗𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝗖𝗼𝗿𝗲 𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀: Identifying essential sectors and activities for Emerging Markets and Developing Economies (EMDEs) with a shared classification system.  ➡️ 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗲𝘀 𝗳𝗼𝗿 𝗖𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗔𝗹𝗶𝗴𝗻𝗺𝗲𝗻𝘁: Creating standardized alignment approaches for taxonomy principles, including environmental, social, and governance (ESG) guidelines.  ➡️ 𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗲: Setting guidelines for transition activities that enable decarbonization and sustainability in high-emission sectors. ✅Access the Roadmap here: https://lnkd.in/emUrK7wt ✅Read the press release: https://lnkd.in/eMJ-5JxQ #SustainbleFinanceTaxonomies #SustainableFinance #SBFN #IFC #COP29 #AcceleratingTheTransition Makhtar Diop | Alfonso García Mora | Taleh Kazimov | Emiliya Mychasuk | Abdallah Dardari PhD | Jan Dusík | Usher, E. | Vera Economou | Sean Kidney | Rong Zhang | Shahin Mahmudzade, CFA | Rustam Tahirov

Excited to share this note from Mohamed Gouled, VP of Industries at IFC - International Finance Corporation! ☘ 🌿 🍃 - It was an honor to participate in today’s panel at #COP29 on unlocking institutional capital for the climate transition in emerging markets. WATCH: 📺 https://lnkd.in/dmDaAban   The scale of investment needed is immense: $4 trillion annually to meet the #SDGs by 2030.   Global efforts have not kept pace, so we must find new investment sources. Institutional investors, managing hundreds of trillions in assets, can help bridge this vast gap.   Development finance institutions like IFC - International Finance Corporation play a pivotal role in this effort, helping investors identify attractive investment opportunities in emerging markets.   Through innovative tools like #blendedfinance and co-investment platforms, we’re enabling private sector participation in vital sectors such as ☀ #cleanenergy☀, 🌊 #bluefinance🌊, decarbonization, and fintech.   We must continue this important conversation. By reducing barriers to investment, we can encourage more institutional investors to realize the vast benefits of investing in a sustainable future. Bhattiprolu "Bhatti" Murti Tomoko Suzuki

It's #FinanceDay at #COP29 in #Baku, and we have a stellar lineup of events in Blue and Green Zone. From blended finance to energy access and fighting plastic pollution, join us online or visit us in The World Bank Group Pavilion in the Blue Zone in Baku! 👇 All times local. ▶ Scaling up the Financial Sector's Contribution to EMDEs' Climate Transition 🗓 Thursday, November 14, 2024, 10:00 - 10:45 am https://lnkd.in/dvQVufsK ▶ How to Scale Blended Finance Globally to Accelerate Transition 🗓 Thursday, November 14, 2024, 11:10 am - 12:00 pm (invite only) https://lnkd.in/e9--K-Pg ▶ Advancing Sustainable Finance Across the Globe: Roadmap Towards Interoperability and Comparability of Sustainable Finance Taxonomies 🗓 Thursday, November 14, 2024, 14:00 - 15:00 https://lnkd.in/e6J5eAum ▶ Expanding Energy access for the Hardest to Reach in Africa  🗓 Thursday, November 14, 2024, 17:15 - 18:00 📺WATCH LIVE https://lnkd.in/eYKyWU4d ▶ Fireside Chat: Financing the Plastics Transition 🗓 Thursday, November 14, 2024, 18:30 - 19:00 📺WATCH LIVE https://lnkd.in/eNisQjNe Full list of our events: https://lnkd.in/eqpMXnJZ #AcceleratingTheTransition #COP29

Happening now at #COP29: How to Scale Blended Finance Globally to Accelerate the Transition In #Baku? Join us in the Blue Zone, Caspian Room ⬇️

HAPPENING TODAY! 📅 November 14 | 17:15-18:15 UTC Join us in The World Bank Group pavilion in #Baku or watch live 📺 https://lnkd.in/eYKyWU4d 💡 Nearly 600 million people in Africa lack access to basic electricity. Expanding access to affordable, reliable, and sustainable electricity is a critical step for reducing poverty and promoting economic growth across the region. Join us for a fireside chat with Acumen Founder and CEO Jacqueline Novogratz and Makhtar Diop, Managing Director or IFC - International Finance Corporation on mobilizing capital to expand access to affordable and sustainable electricity in the hardest-to-reach places. #AcceleratingTheTransition IFC Financial Institutions

How can 🌊 #BlueFinance help countries place sustainability at the core of business growth? Read the story of Pastravul din Tara Ta, a 🦈 fishery in #Romania raising sustainable, cleanly farmed rainbow trout that shows us in the supermarkets and fine dining restaurants in Bucharest. 🐟 With #bluebonds and #blueloans, banks and financial institutions can mobilize the potential of the private sector to unlock trillions of dollars for projects which can become a key pillar in preserving and growing clean water resources.  https://lnkd.in/esP9HHPS Banca Transilvania Mara Nilca WWF Vittorio Di Bello Pushkala Ratan IFC Financial Institutions Lisa Da Silva Morgan Graham

It's #FinanceDay at #COP29 in #Baku, and we have a stellar lineup of events in Blue and Green Zone. From blended finance to energy access and fighting plastic pollution, join us online or visit us in The World Bank Group Pavilion in the Blue Zone in Baku! 👇 All times local. ▶ Scaling up the Financial Sector's Contribution to EMDEs' Climate Transition 🗓 Thursday, November 14, 2024, 10:00 - 10:45 am https://lnkd.in/dvQVufsK ▶ How to Scale Blended Finance Globally to Accelerate Transition 🗓 Thursday, November 14, 2024, 11:10 am - 12:00 pm (invite only) https://lnkd.in/e9--K-Pg ▶ Advancing Sustainable Finance Across the Globe: Roadmap Towards Interoperability and Comparability of Sustainable Finance Taxonomies 🗓 Thursday, November 14, 2024, 14:00 - 15:00 https://lnkd.in/e6J5eAum ▶ Expanding Energy access for the Hardest to Reach in Africa  🗓 Thursday, November 14, 2024, 17:15 - 18:00 📺WATCH LIVE https://lnkd.in/eYKyWU4d ▶ Fireside Chat: Financing the Plastics Transition 🗓 Thursday, November 14, 2024, 18:30 - 19:00 📺WATCH LIVE https://lnkd.in/eNisQjNe Full list of our events: https://lnkd.in/eqpMXnJZ #AcceleratingTheTransition #COP29

🗓 November 14, 6.30 pm - 7.00 pm 📺 WATCH LIVE https://lnkd.in/eYKyWU4d