606076 - Microsoft Supplier Sustainability Electricity Project

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Summary of Advisory Services Project Information

Project Number

606076

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Jul 29, 2021

Country

India

Region

South Asia

IFC Approval Date

Jun 26, 2021

Status

Completed

Estimated Total Budget

$3,040,218.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 13, 2024

Project Estimated Start Date

Jul 1, 2021

Project Estimated End Date

Jun 30, 2024

Project Description

The Microsoft supplier sustainability electricity project (MSFT SSEP) project includes scoping and diagnostic work, development of a new IFC financing offer for suppliers, pipeline development and implementation support, and capacity building and strategic advisory services to support Microsoft in meeting their corporate sustainability objectives. It is being implemented as part of a broader engagement with Microsoft with complementary support from the approved upstream Solutions for Sustainability Platform (SSP) #605278. SSP is an upstream platform for supporting large anchor companies involved in manufacturing activities (i.e. Sponsor Companies) to achieve their sustainability targets including water efficiency, energy efficiency and reduction of GHG emissions throughout their operations and value chain, potentially including Scope 3 targets , while catalyzing bankable investments for IFC. The MSFT SSEP project consists of the following key components: 1) Strategic advice and input to design and launch of Microsoft Supplier Electricity Pilot Program (SEPP) 2) Supplier Engagements with Microsoft's Tier 1 and Tier 2 suppliers 3) Support Development of Finance Product for Direct Loans to Suppliers 4) Purchase of Renewable Energy: Key Country Level Reviews and Assessment of Alternative Renewable Energy Supply Options 5) Knowledge Management and Capacity Building

Development Results

The objective of this project is to help Microsoft refine and implement its' global sustainability program through a coordinated Upstream Advisory engagement comprising of 1) IFC strategic advice and sector analysis, 2) in-depth supplier level advisory-first engagements to build a portfolio of potential investments in renewable energy and energy efficiency solutions, and 3) upstream led analysis and structuring work supporting design of a new complementary IFC finance mechanism. This supplier level work is expected to produce the following impacts by the end of the project post implementation monitoring period: - More than 97,000 tons/year in GHG emission reductions by end of the post-imp period, of which at least 60,000 tons/year of emission reductions will be achieved by project completion - More than $60,000,000 in climate friendly investment facilitated from direct work at the supplier level with $37,200,000 being realized by project completion date and the remainder to be realized during post project implementation period.

Indicator	Cumulative
Number of reports accepted by client	0
Energy use expected to be avoided (MWh/year)	0
GHG emissions expected to be reduced (metric tons/year)	0
Number of entities receiving in-depth advisory services	0
Number of participants in workshops, training events, seminars, conferences, etc.	0
Value of new investment to implement recommended changes (US$)	0
Renewable energy expected to be produced (MWh/year)	0
Number of workshops, training events, seminars, conferences, etc.	0
Number of entities that implemented recommended changes	null
Number of new financial products designed	null
Number of new financial products launched	null
Number of participants providing feedback on satisfaction	null
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.	null
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed	null

E&S Risks / Impacts and Mitigation

Performance Standard	Description and Potential Impact	Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	As part of its Due Diligence, and as mandated by IFC Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance Standards. Environmental and social risks will be further reviewed throughout the life-cycle of the project.	IFC advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client in gaining a good understanding of IFC's Performance Standards, and provide recommendations for appropriate mitigation measures whenever warranted.

This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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