IFC, Carbon Trust Partner to Cut Emissions in Supply Chains
- IFC and Carbon Trust are working together to help companies in emerging markets reduce carbon and decarbonise their supply chains.
- The partnership will promote low-carbon technologies and investments for sustainable growth.
To help companies in emerging markets reduce their carbon footprint and cut emissions in their supply chains, the International Finance Corporation (IFC), a member of the World Bank Group, has partnered with the Carbon Trust.
They are working together to decarbonise strategies and invest in green production.
This will enable IFC clients to create decarbonisation plans for their businesses. It will also extend IFC’s sustainable finance to global brands operating in emerging markets.
“This is a step towards IFC’s goal of driving low-carbon, climate-resilient growth that addresses climate change while supporting economic development,” said Wagner Albuquerque de Almeida, IFC’s Global Director for Manufacturing, Agribusiness and Forestry.
The partnership between these two decarbonisation leaders will use their expertise to promote low-carbon technologies and investments. This will make supply chains greener and support more sustainable growth.
“Companies in emerging markets are key to Net Zero but often lack the experience or finance to accelerate progress,” said Tom Cumberledge, Carbon Trust. “This partnership with IFC will help companies set Net Zero strategies and get the investment to achieve them.”
IFC and the Carbon Trust recently launched the Food Loss Climate Impact Tool, which enables companies to calculate greenhouse gas emissions from food loss across the value chain. By knowing where losses and emissions are happening, companies can take targeted action to reduce waste, improve food security and get to their climate goals.
Follow KnowESG's Environment News for regular news and views.
Discover an extensive network of ESG providers here
Check out KnowESG's latest ESG Event updates
Source: IFC
