PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608772

Primary Business Area

Other

Disclosure Date

Jan 24, 2025

Country

World Region

Region

Global

IFC Approval Date

Jan 13, 2025

Status

Active

Estimated Total Budget

$3,900,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jan 26, 2025

Project Estimated Start Date

Dec 31, 2024

Project Estimated End Date

Dec 31, 2028

Project Description

MALENA (machine learning ESG analyst) is the World Bank’s first AI as a Service. MALENA comprises a suite of AI-powered solutions designed to support ESG due diligence in EMDEs and trained in-house using IFC’s extensive sustainability data and expertise. IFC publicly released a free version of MALENA for all EMDE stakeholders such as asset managers, investors and regulators in December 2023.

Development Results

E&S Risks / Impacts and Mitigation