Corporate Responsibility: Sustainability Reporting

Main Messages

This Sustainability Review explores the different approaches and practices the World Bank takes to fullfill its mission and goals. Whether its innovative finacial tools to help protect wildlife or community enagagment to support the communities that host our facilities around the world. Here are the main themes you will find in the Sustainability Review.

Over the past two years, the World Bank has found better ways to support our clients, staff, and communities, from designing and disseminating innovative financing products for greater impact on the ground, to deploying new technologies to transform how we worked with clients during the pandemic. Explore this theme more in the Sustainability Review.

The World Bank community continued to implement lessons learned from the pandemic as staff returned to the office, synthesizing its strengths for sustainable solutions to work smarter with clients, improve collaboration within the institution, and balance care for our families and communities. Learn more about how respect is applied to the World Bank's operations and practices in the Sustainability Review.

The World Bank Group continues to help countries and private sector clients fully integrate their climate and development goals, identify, and prioritize action on the most impactful adaptation and mitigation opportunities and use those to drive climate finance and private capital. Discover what the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) is doing to support adaptation and mitigation activities in the 2024 Global Reporting Initiative Index.

Doing what is right for our staff, clients, and partners is an integral part of the World Bank’s business model. Despite the challenges posed by the pandemic, the World Bank continues to strive to hold ourselves, clients, and partners to the highest ethical standards, as reflected in our Core Values and Code of Ethics, through the World Bank Evaluation Principles, the Accountability Mechanism, and other initiatives. Read the Sustainability Review to learn the differnet ways integrity is applied in the World Bank's operations and practices.

Reducing our corporate environmental impact is aligned with our institutional mission to reduce poverty, as the world’s poor are the most impacted by environmental degradation. We made concerted efforts to pursue our goals, such as reducing absolute carbon emissions from global facilities across the World Bank Group by 28 percent by 2026 from a 2016 baseline and reducing our food-related greenhouse gas emissions from headquarters cafeterias, coffee bars, and catering operations by 25 percent by 2030 from a 2019 baseline. Read more on how teamwork and sustainability come together at the World Bank in the Sustainability Review.

Highlights

Between fiscal 2022 and fiscal 2023, the World Bank’s global total emissions within the institution (scope 1 and 2) increased by 655 tCO2eq due to increased building occupancy with more staff returning to the office. Although there was an increase in facility-related emissions, in fiscal 2023 they remained 31 percent below pre-pandemic levels (fiscal 2019) due to recently implemented energy efficiency initiatives.

 

The World Bank measures indirect greenhouse gas emissions (Scope 3) globally from its business air travel, contractor-owned vehicles, and World Bank headquarters' food-procurement emissions. Fiscal 2023 carbon emissions from business air travel increased from fiscal 2022 but were 32 percent lower than fiscal 2019 (pre-pandemic level) emissions. Fiscal 2020 business air travel was also impacted by three and a half months of the COVID-19 pandemic, hence the reason fiscal 2019 is referred to as a baseline for business travel emissions. 

 

2024 Green House Emissions

 


World Bank staff represent 181 nationalities and cover a wide range of fields, enabling the institution to offer clients a unique combination of global expertise and in-depth local knowledge.

 

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