Green Bonds Factsheet

Investing for a Greener and More Sustainable Future

IFC’s Green Bonds: Driving Sustainable Impact

About IFC

Green bonds help to finance sustainable, climate-smart projects with a positiveenvironmental impact, with the goal to speed the transition to a low-carbon
economy. Green bonds are an integral part of our borrowing strategy. IFC green bonds
are issued as senior unsecured debt, consistent with the overall funding program.

IFC, a member of the WorldIn 2010, IFC launched the Green Bond Program to help catalyze the market andunlock investment for private sector eligible projects that seek to mitigate climatechange and help affected people adapt to it. The program supports sustainable
and socially responsible projects in areas as diverse as renewable energy, cleantransportation, energy efficiency and waste management.

markets. We work in more than

In 2013, IFC issued the first global U.S. dollar benchmark green bond in the market,
setting a precedent as the largest of its kind at the time and demonstrating
mainstream demand for what was then considered a niche product.

year 2024, IFC committed a record

In January 2023, IFC expanded its Green Bond Framework to include newbiodiversity, ocean and water categories, more robust climate adaptation
selection processes, as well as additional categories under climate mitigation. The
updated framework is aligned with the International Capital Market Association(ICMA) Green Bond Principles and has been rated Medium Green with an Excellent
governance score from S&P Shades of Green (formerly CICERO).

developing countries, leveraging

BETWEEN FY10 AND FY24,
IFC RAISED $13.9 BILLIONBank Group, is the largest global
development institution focusedon the private sector in emerging
100 countries, using our capital,expertise, and influence to create
markets and opportunities indeveloping countries. In fiscal$56 billion to private companies
and financial institutions inprivate sector solutions andmobilizing private capital tocreate a world free of poverty ona livable planet.

THROUGH 207 GREEN BONDS
IN 21 CURRENCIESIN FY24, IFC raised $13 billion
in funding, including

Use of Green Bond Proceeds
The proceeds from green bonds help to finance a broad range of categories of green
projects, which contribute to at least one of the following environmental objectives:

1.3 9 6$
Climate Change
Mitigation

Climate Change
Adaptation

Biodiversity
Conservation

Ocean And Water
Conservation

BillionfromGreen
Bonds
acrossCurrencies

A Medium Green overall shading is supported by sufficient project categories receiving Dark Green or Medium
Green shadings, IFC’s Excellent governance score, its conservative approach in applying criteria and exclusions inproject selection processes, and its efforts to support both standard and innovative or undervalued green financeproject categories.
IFC GREEN BOND SECOND OPINION, Cicero / S&P Shades of Green, December 2022.

Project Exclusion List•

Extraction, production, and distribution of fossil fuels.

AAA RatingConsiderations•

Using fossil fuels as a core source of energy.

••

Carbon-intensive activities.

•Assets that partly combust fossil fuels.

Owned by 186 member
countries, with over
50% of capital owned byAAA/AA sovereigns.

•

Power projects with a carbon intensity above 50gCO2eq/kWh.

••Hydropower and livestock.

Strong capital position
primarily raised throughretained earnings fromsteady profits since 1956.

•Substantial liquidity buffer
with highly conservativeliquidity coverage ratio (LCR)
and leverage ratios.

•Diverse investor basewith reliable access tothe deepest global
capital markets.

•Highly diversified debt
and equity portfoliowith exposure spanning
118 countries and over
2,000 companies.

•Consistently rated AAA/Aaa
by S&P and Moody’s since its
first assessment in 1989.

•

Assigned a 0% risk
weighting under theBasel Framework.

Projects that are not eligible for green bond financing include those related to:Please visit ifc.org for IFC’s complete exclusion list.

Transparency, Disclosure and Reporting
IFC publishes an annual list of projects that are eligible for funding from ourgreen bond proceeds through the Green and Social Bond Impact Report. The list
includes a description of the project, amount disbursed, expected environmental
impact, and links to relevant public documents.

Our Value Proposition•

IFC’s mission as part of the World Bank Group is to end extreme poverty andboost shared prosperity on a livable planet.

•We promote sustainable growth through investments in the private sector ofdeveloping countries.

•IFC has more than six decades of experience mobilizing resources in capital
markets to support economic growth and development in emerging markets.

•IFC plays a countercyclical role during times of economic and financial
uncertainty.

•We provide advisory services across a wide range of sectors, including
renewable energy, agriculture, health, education, and financial markets, todeveloping economies.

This document does not constitute an offer or recommendation to purchase any notes issued by IFC.

Photo credit: Shutterstock/ShutterDesigner

Funding and Investor Relations Contacts
GLOBAL HEAD OF FUNDING
Flora Chao | fchao@ifc.org

WASHINGTON D.C.
Yuri Kuroki
Head of Funding Americas
ykuroki@ifc.org
Zauresh Kezheneva
Financial Officer
zkezheneva@ifc.org

WASHINGTON D.C.
Investor Relations
Ayelet Perlstein
Head of Investor Relations
aperlstein@ifc.org
Obert Limbani
Associate Financial Officerolimbani@ifc.org
Marsha Monteiro
Financial Analyst
mmonteiro@ifc.org

LONDONSINGAPORE

Elena Panomarenko
Head of Funding - Europe
epanomarenko@ifc.org

Marcin Bill
Head of Funding - Asia
mbill@ifc.org

Roland Maassen
Associate Financial Officer
rmaassen@ifc.org

Hiroyasu HiranoFinancial Officer
hhirano@ifc.org

Investor Relations
Laura Stirling
Digital and Communication
Coordinatorlstirling@ifc.org

International Finance Corporation 2121 Pennsylvania Avenue NW, Washington, DC 20433
www.ifc.org | www.ifc.org/greenbonds

TOKYO
Investor Relations
Yutaka Yasui
Senior Financial Officer
yyasui@ifc.org