As a development bank, with a mission to promote private enterprise growth and job creation in the developing world, IFC supports client business cases for social and environmental responsibility: lower costs, reduced political risk, increased productivity, and brand enhancement.
IFC’s forestry projects in the last five years have created:
- Close to 100,000 new jobs (63,000 direct and 32,000 indirect jobs) in communities where unemployment is high and economic opportunities are few
- Reliable new income for an estimated 170,000 poor farmers in India, 30,000 farmers in China, and thousands more around the world
- Strong production and manufacturing standards to ensure no harm to the workers and the environment
- Increased client emphasis on independent certification and adherence to industry voluntary codes of conducts, which provide greater market and consumer confidence
- Reduction of reputational and business risks
- Made significant contributions in terms of both sequestration of CO2 and reduce emissions of greeenhouse gases.
