Celebrating its 50th Anniversary, the International Finance Corporation has released its 2005 Sustainability Report, entitled "Choices Matter."
This is IFC's fourth annual sustainability report and third stand-alone edition.
This year's report provides more information than ever before about how sustainability is integrated into decision-making throughout IFC's investment cycle. It also shows how the Corporation is using its unique position and resources to respond to global challenges, such as climate change, poverty, corruption, HIV/AIDS, participation of women in private sector development, and the preservation of natural resources.
According to the report, IFC invested nearly $221 million in sustainable energy during FY05 and used microfinance projects to widen access to finance for the world's poorest people. IFC is leading by example through its new environmental and social standards and by promoting the business case for sustainability among its financial sector clients.
Additional highlights include progress on IFC's commitment to manage its own social and environmental footprint by reducing waste, greening its energy use, and reaching out to the community.
