The International Finance Corporation (IFC), a member of the World Bank Group, and the Carbon Trust have announced a new partnership to accelerate decarbonisation in emerging markets and enhance green production investments. The collaboration aims to help companies develop roadmaps for reducing emissions along their supply chains while expanding IFC’s sustainable financing options for global brands operating in these regions.
“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,” said Wagner Albuquerque de Almeida, IFC’s Global Director for Manufacturing, Agribusiness, and Forestry.
The partnership will leverage the strengths of both organisations to promote low-carbon technologies and investments, enabling more sustainable economic growth. The initiative will focus on supporting businesses in setting Net Zero strategies and unlocking the sustainable investments needed to achieve them.
Tom Cumberledge, director at the Carbon Trust, emphasised the importance of business involvement in emerging markets’ Net Zero transition: “Businesses have a pivotal role in the transition to Net Zero in emerging markets but may not have had the experience or access to finance to accelerate progress. This partnership with IFC will drive decarbonisation by supporting businesses to set Net Zero strategies and unlocking the sustainable investment needed to get there.”
The collaboration follows a recent joint initiative between IFC and the Carbon Trust—the launch of the IFC Food Loss Climate Impact Tool, which helps businesses estimate the greenhouse gas emissions from food loss across the value chain. The tool allows companies to better identify areas for improvement, enabling them to cut losses, meet climate targets, improve profitability, and enhance food security.
