Independent assurance report on the alignment of International FinanceCorporation (IFC)’s impact management systems with the Operating
Principles for Impact Management

To the Chief Executive Officer of IFC,
In response to your request, we verified whether International
Finance Corporation (IFC)’s impact management systems (the“Policies”) are aligned, in all material aspects, with the Operating
Principles for Impact Management dated February 2019 (the“Principles”, available at www.impactprinciples.org) for
US$80,773 million of its assets under management (as of June30, 2020).

We apply International Standard on Quality Control 1 andaccordingly maintain a comprehensive system of quality control
including documented policies and procedures regarding
compliance and ethical requirements, professional standards
and applicable legal and regulatory requirements.
Our work was carried out by an independent andmultidisciplinary team including assurance practitioners andsustainable finance experts. We remain solely responsible for our
assurance conclusion.

Limited assurance conclusion

Summary of the work we performed

Based on the procedures performed and the evidence obtained,
nothing has come to our attention that causes us to believe in allmaterial aspects that IFC is not aligned with the Principles for
US$80,773 million of its assets under management (as of June30, 2020).

We performed the following procedures based on ourprofessional judgment:

We verified that the Policies are addressing each of thePrinciples.



We assessed the relevance, completeness, reliability,neutrality and understandability of the Policies in relation tothe Principles.

We conducted interviews with the people in charge ofdefining, applying and enforcing the Policies.

We performed walk-through tests to check the correct
application of the Policies.

We verified the amount of assets under management (as ofJune 30, 2020) aligned with the Principles.

We examined the integrity of the information provided in theStatement in relation to the Policies.

IFC’s responsibilities
It is the responsibility of IFC to define the necessary processes,roles and responsibilities to align its organization with thePrinciples. It is also its responsibility to prepare and publicly
disclose, on an annual basis, a report describing the alignmentof its impact management systems with the Principles and, atregular intervals, arrange for independent verification of thisalignment. These disclosures are available on the Impact
Principles’ website.
Our responsibility
Our responsibility is to (i) plan and perform the engagement toobtain limited assurance about whether the Policies are alignedwith the Principles; (ii) form an independent conclusion, basedon the procedures we have performed and the evidence we haveobtained; and (iii) report our conclusion to the Chief Executive
Officer of IFC.

Paris-La Défense, April 22, 2021
Caroline Delérable, Partner

However, our responsibility does not include an assessment ofthe effectiveness of IFC’s impact measurement approach nor theverification of the resulting impacts achieved.
As we are engaged to form an independent conclusion, we are
not permitted to be involved in the preparation of the Policies orof the Statement, as doing so may compromise ourindependence.
Professional Standards Applied
We performed a limited assurance engagement in accordancewith International Standard on Assurance Engagements 3000(Revised) Assurance Engagements other than Audits or Reviewsof Historical Financial Information issued by the International
Auditing and Assurance Standards Board.
The procedures performed in a limited assurance engagementvary in nature and timing from, and are less in extent than for, areasonable assurance engagement. Consequently, the level ofassurance obtained in a limited assurance engagement issubstantially lower than the assurance that would have beenobtained had we performed a reasonable assuranceengagement.
Our independence and quality control
We have complied with the independence and other ethicalrequirements of the International Code of Ethics for Professional
Accountants (including International Independence Standards)
issued by the International Ethics Standards Board for
Accountants, which is founded on fundamental principles ofintegrity, objectivity, professional competence and due care,confidentiality and professional behavior.

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