FY19 Green Bond Impact Report

FY19 Green Bond Impact Report

Green Bond Impact Report FINANCIAL YEAR 2019

Green Bond Impact Report FINANCIAL YEAR 2019

Contents

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FY19 Highlights 6-Year Cumulative Program Highlights

Message from the CEO Letter from the Treasurer Directors’ Corner The ABCs of IFC’s Climate Business IFC Climate Business Overview for FY19 IFC Green Bond Program Overview for FY19 Featured Project: Diversifying Jordan’s Energy Mix by Crowding in Private Capital for Wind Energy IFC Green Bond Commitments by Region Featured Project: Delivering Low-Cost, Low-Carbon Energy to Power Further Economic Growth in Vietnam IFC Green Bond Eligible Project Commitments by Sector 7 Facts about IFC’s Role in the Green Bond Market Shining a Light on Green Bonds Transparency: A Guide to IFC’s Climate Assessment for Financial Institutions Platform Keeping up with EGO: An update on the Amundi Planet Emerging Green One Fund Real Economy Issuers, the Next Frontier: Showcasing the Real Economy Green Investment Opportunity Fund Green Bond Eligible Project Commitments for FY19 Appendix A: IFC Green Bond Commitments and Disbursements Reconciliation

Appendix B: IFC Green Bond Program Process Appendix C: IFC Impact Reporting Approach Authors and Contacts Disclaimer

1

37 GREEN BONDS totalling $1.6 billion in 11 CURRENCIES

FY19 Highlights

24 new projects committed across 6 sectors

Energy Efficiency

Biomass

137,056 MWh in energy consumption per year, Expected to reduce: equivalent to electricity use of 16,900 homes over one year

Green Banking

Green Buildings

Solar Energy

IMPACT 1

Wind Energy

Expected to construct:

1,251 megawatts in renewable energy capacity

greenhouse gas emissions by 2.6 million metric tons of Co 2 -equivalent per year, Expected to reduce:

Expected to generate:

3,053,627 megawatt hours in renewable energy in one year, equivalent to the energy use of 260,000 homes (the size of Luxembourg) 2 over one year

equivalent to 113.5 million trash bags of waste recycled instead of landfilled

1 https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator 2 https://statistiques.public.lu/catalogue-publications/luxembourg-en-chiffres/2018/luxembourg-figures.pdf

2

Celebrating Transparency: 6-year Cumulative Impact Highlights

Between FY14-19 133 GREEN BONDS totaling $7.1 billion in 18 CURRENCIES 5

IFC’s green bond program began in 2010 and although IFC had previously been reporting on the use of proceeds for its Green Bond Program, in FY14 we began reporting in accordance with the Harmonized Framework for Impact Reporting . This change represented a response to investor requests for more robust reporting. IFC set a precedent by upholding a higher standard of transparency through the provision of more >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46

www.ifc.org

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