The International Finance Corporation (IFC), a part of the World Bank Group, and the Carbon Trust have decided to collaborate in order to support decarbonization strategies for businesses in emerging markets and speed up investments in green production. This is a step toward helping more companies decarbonize operations and reduce emissions along their supply chains.
Wagner Albuquerque de Almeida, the IFC’s Global Director for Manufacturing, Agribusiness, and Forestry, said, “This agreement marks another significant milestone in IFC’s mission to accelerate an inclusive transition to low-carbon, resilient growth that addresses the climate crisis and supports economic development, helping both the planet and people.”
The statement claims that the proposed agreement will enable two decarbonization leaders to capitalize on each other’s advantages, advance low-carbon investments and technologies that green supply chains and, in the end, encourage more sustainable economic development.
“In emerging markets, businesses play a crucial role in the shift to Net Zero, but they might not have the resources or skills to move things forward more quickly.
According to Tom Cumberledge, director of the Carbon Trust, “Their partnership with IFC will drive decarbonization by supporting businesses to set net zero strategies and unlocking the sustainable investment needed to get there.”
It should be mentioned that the IFC and the Carbon Trust have worked together to introduce the IFC’s Food Loss Climate Impact Tool.
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With the help of this cutting-edge tool, businesses can calculate the greenhouse gas emissions caused by food loss along the entire value chain. This helps users come up with strategies to reduce losses, fortify the food supply chain, and contribute to environmental protection.
Businesses are more equipped to target areas for improvement in order to fulfill climate targets, increase profitability, and fortify food security when they have a better understanding of where loss happens and the impact of emissions.
About International Finance Corporation
IFC is also a leading mobilizer of third-party resources for its projects. Their willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.
