IFC shifts ESG focus onto banks with new dealer scorecards

By Burhan Khadbai, Jon Hay
11 Jun 2020

The International Finance Corp has launched the first systematic process by an issuer to formally integrate environmental, social and governance (ESG) considerations into choosing its bookrunners. Senior funding officials and sustainability bankers have welcomed the initiative as an important evolution in the use of ESG in capital markets, write Burhan Khadbai and Jon Hay.

“From an institutional perspective, ESG is core to what we do,” said Esohe Denise Odaro, head of investor relations at IFC. “It has always been part of our DNA.”

“Green and social bonds make up around 20% of our annual $14bn funding programme,” said Odaro. “Since 2014, we have ...

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