International Finance Corporation (IFC)
Climate Impact & Sustainability Data (2013)
Reporting Period: 2013
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Environmental Challenges
- Lack of basic baseline data
- Uncertainty associated with anticipated developments
- Limited government capacity
- Absence of strategic regional, sectoral, or integrated resource planning schemes
- Information on proposed developments may be limited by commercial considerations
- Identifying and describing "predictable future development" and "external natural and social stressors"
- Stakeholders may assign different priorities to VECs
- VEC baseline conditions and acceptable thresholds are often unavailable
- Attribution of impacts is a process dominated by uncertainties
- Exercising leverage over government and over other developers
- Engaging stakeholders in discussing strategic cumulative impacts
- Project sponsors may not share data collaboratively
Mitigation Strategies
- Six-step RCIA process
- Engage stakeholders early and throughout
- Clearly record reasoning behind decisions
- Clarify roles and responsibilities
- Establish and maintain constructive relationships with government and stakeholders
- Collaborative initiatives (information sharing, joint management)
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Droughts
- Floods