PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606446

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Nov 3, 2025

Country

Colombia

Region

Latin America and the Caribbean

IFC Approval Date

Jul 16, 2021

Status

Active

Estimated Total Budget

$1,021,447.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 5, 2025

Project Estimated Start Date

Jul 1, 2021

Project Estimated End Date

Dec 31, 2025

Client Legal Name

Instituto Tecnológico y de Estudios Superiores de Monterrey, A.C. ,Operadora y Procesadora de Productos Marinos Omarsa S.A. ,Movida Participacoes SA,Gerdau SA

Project Description

A former Upstream Seed workstream on manufacturing decarbonization laid the foundation for the proposed Project by identifying high-emitting subsectors with strong investment potential and recommending engagement with companies that are regionally active and show ambition toward emissions reduction. The project will guide companies through foundational steps such as GHG accounting, target setting and energy management, with IFC acting primarily as a facilitator in the early stages. The most active IFC involvement will occur in designing decarbonization pathways tailored to each company’s operations, aligning with IFC’s environmental and social standards and green financing goals. Pilot projects will be used to test and refine tools that can later be scaled globally.

Development Results

E&S Risks / Impacts and Mitigation