PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606909

Primary Business Area

Other

Disclosure Date

Aug 13, 2024

Country

World Region

Region

Global

IFC Approval Date

Jun 26, 2024

Status

Active

Estimated Total Budget

$3,330,673.00
(Project budget includes all project-funded activities)

Last Updated Date

Aug 14, 2024

Project Estimated Start Date

Jun 20, 2024

Project Estimated End Date

Jun 30, 2028

Project Description

The project seeks to address the lack of comparable, robust, public, and credible Environmental, Social, and Governance (ESG)/Sustainability and climate-related corporate disclosures in Emerging Markets and Developing Economies (EMDEs) and align with the new ISSB IFRS Sustainability and Climate Disclosure Standards and the European Sustainability Reporting Standards that came into effect from January 2024. Private sector investment in EMDEs is critical to achieving the United Nations Sustainable Development Goals (SDGs) and the World Bank Group's mission to end extreme poverty and boost shared prosperity on a livable planet. The project will intervene at regulatory, market, and firm levels.

Development Results

E&S Risks / Impacts and Mitigation