IFC endeavors to continually show improvement in its corporate sustainability efforts and serve as a model for other institutions trying to address the environmental impacts from their day-to-day operations.
We are CARBON NEUTRAL: IFC was the FIRST of all UN agencies and multilateral development banks to be carbon neutral for all internal corporate operations, including business air travel, electricity use, vehicle use, onsite fuel, refrigerants, steam, and chilled water. Through the purchase of carbon credits —a combination of Voluntary Emission Reductions (VERs) and Renewable Energy Certificates (RECs)—IFC has offset the carbon emissions from the D.C. office since 2006 and from ALL global internal operations since 2008. For a comprehensive summary of IFC’s carbon neutrality commitment, please download PDF.
We report to the Carbon Disclosure Project: In 2009, IFC, as part of the World Bank Group, was the first multilateral development bank to report its greenhouse gas emissions in the Carbon Disclosure Project, the world’s largest database of primary corporate information on climate change.
We are working to reduce electricity use by 20% in the DC office by FY15: Electricity use in IFC’s headquarters in Washington, D.C. (our largest facility at 1,138,000 gross square feet with approximately 2,700 workspaces), accounts for about 20 percent of the carbon emissions generated by IFC’s internal operations worldwide. Our TARGET for the DC office is to reduce electricity use per workstation by 20% from FY08-FY15 to 5,775 kWh per workstation. This target was set after achieving a 10% reduction from FY08-FY10.
Our DC Building is LEED Platinum: In 2010, IFC’s largest office in Washington, D.C., was awarded the LEED (Leadership in Energy and Environmental Design) Platinum Certification for Existing Buildings by the U.S. Green Building Council (USGBC). This is the most prestigiousrating given to existing buildings for maximizing operational efficiency and minimizing environmental impacts. IFC’s DC office is the FIRST building in DC and the SECOND building nationwide to receive the Platinum rating under the revised- more rigorous- version of LEED for existing buildings (EB: O&M v3).
We won the DC Environmental Excellence Award: In 2010, IFC won the “DC Mayor's Environmental Excellence Award” for “Outstanding Achievement by a Large Business” from the DC Department of the Environment. This award recognizes companies for environmental stewardship, innovative best practices, pollution prevention and resource conservation.