PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608703

Primary Business Area

Financial Institutions Group

Disclosure Date

Aug 20, 2024

Country

Sri Lanka

Region

South Asia

IFC Approval Date

Mar 28, 2024

Status

Completed

Estimated Total Budget

$120,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 9, 2026

Project Estimated Start Date

Mar 1, 2024

Project Estimated End Date

Feb 28, 2025

Client Legal Name

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC

Project Description

IFC will support the client in conducting a high-level review of its methodology and data capture for estimation of direct and indirect emissions of CDB’s operations and assets (scope 1, 2, 3) and provide recommendations for reducing the carbon intensity of its operations as well as for suitable transition of its portfolio. This will help CDB in developing a foundation for net zero transition planning. Further, IFC will also review CDB's existing ESMS and provide recommendations for aligning it with IFC's Performance Standards 1.

Development Results

E&S Risks / Impacts and Mitigation