Environmental, Social, and Governance (ESG) or Sustainability reporting has become a strategic priority for the World Bank Group (WBG). Recent advancements in the regulatory environment are changing the nature of sustainability disclosure, which is becoming increasingly important to many of the Bank’s shareholders, donors, investors, and client countries, who view this as a critical focus area for the agenda on climate change. There is increasing scrutiny of the Bank’s sustainability and climate-related disclosure, and it is imperative to invest in the right tools to protect the Bank from reporting risk.
The Bank is expected to provide investor grade sustainability disclosures which follow a robust reporting process similar to financial reporting. To deliver on this growing expectation, the Bank has developed a multi-year roadmap to align its disclosures with the evolving sustainability reporting standards. One key aspect of the strategy is to procure a sustainability reporting solution that can be used to prepare sustainability disclosures and help minimize reporting risk.
The proposed solution is expected to meet two major requirements: (1) to have a Sustainability Reporting tool, and (2) to configure the sustainability reporting tool for the World Bank project team for quarterly/yearly reporting. Further information on this requirement is available in the RFP package.
The RFP package may be obtained by sending an email to the designated Category Manager, referencing the following information:
1. Solicitation Number
2. Company Name
3. Contact Person Name and Title
4. Address
5. Telephone Number
6. Fax Number
7. Contact's Email Address
Interest from potential firms to receive the RFP package shall be directed to the following designated Corporate Procurement Category Manager, Viktor Savkin at vsavkin@worldbank.org and Narayanan Ramesh at nramesh@worldbank.org.