your climate-smart business partner in latin america & the caribbean

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  • 7/31/2019 Your Climate-Smart Business Partner in Latin America & the Caribbean

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    LOBAL PERSPECTIVE

    C, a member o the World Bank Group, is thergest global development institution ocused one private sector. IFC began investing in irmsdeveloping countries in 1956, and currently

    as a committed portolio o US$55.2 billion.

    We operate rom over 100 oices in 94 countries.C started ormal environmental and socialreening o its investments in the early nineties

    nd became the acknowledged world leader onese issues when the Equator Principles wereunched in 2004.

    oday, climate-smart business is a core priorityr IFC in both its investment and advisoryork, where we help clients position themselvesa new green economy. We support sustainable

    nance, clean energy, resource efciency, sustain-ble agriculture, and adaptation to climatehange.

    apital invested rom IFCs own account inimate-related projects grew rom $221 millionFY05 to $1.7 billion in FY11, representing

    4% o IFCs total commitments. Yet, com-ercial investing is just one acet o IFCsork, which also includes concessional unding,chnical assistance, primary research on the

    ommercial risks o climate change, and buildingonsensus or standard-setting. Across theseelds, IFC committed $5.3 billion to 91 sustain-ble development projects in FY11.

    Your ClimateSmart Business Partner

    in Latin America and the Caribbean

    FC OFFERS ITS CLIENTS GLOBAL PERSPECTIVE, LOCAL PRESENCE, AND INDUSTRY EXPERTISE IN SUSTAINABLE BUSIN

    INDUSTRY EXPERTISE IN SUSTAINABLE BUSINESS

    IFC applies its investment, advisory, and asset-management services across four areas of expertise in sustainable developmen

    IFCS CLIMATE-RELATED PROJEC TS IN LACLOCAL PRESENCE IN LAC

    In Latin America and the Caribbean, IFinvested $624 million in 21 climate-relaprojects in 2011. his represented 20% oLACs $3 billion investments rom its owaccount. All told, IFC has committed $1billion to 94 climate-related projects sincprograms inception in 2005, and increacommitments by 750% through FY11.

    IFC has consistently expanded its sustaindevelopment investments in the region othe years. his relects the act that Lati

    America and the Caribbean have abundrenewable energy resources, and that theresources are expected to be impacted byclimate changes in the uture. hese reacreate opportunities or clients to strengtheir operations and inrastructure and ption themselves in the new green econom

    Te region has already enjoyed decades ogrowth with clean power thanks to its lo

    o coal-red plants and reliance on hydrelectricity. IFC is building on these succand expanding into areas such as wind, sgeothermal, biomass, resource efciencyrecycling, cleaner production lines, carbsequestration, avoided deorestation, climchange unds, and unding to local naninstitutions to lend to an array o climateriendly projects.

    Resource Efficiency

    IFC finances the implementationo energy, water, and other resourceeiciency initiatives across sectorsby supporting solution-providersand buyers.

    We have been active in sectorssuch as cement, metals, pulp,chemicals, ood processing, greenbuildings, and water and energydistribution.

    Clean Energy

    IFC invests in venture andgrowth-stage clean energy com-panies in wind, solar, geothermal,biomass, and hydro industries.

    In FY11, we committed $428million worldwide to renewableenergy projects, which represented70% o all IFC power capacityinvestments.

    Sustainable Agriculture

    IFC promotes sustainablestandards in agribusinessthrough investments that helraise corporate environmentastandards.

    We are experts in helpingagriculture companies grow, costs, reduce waste and emis-sions, and plan or climate ri

    Sustainable Finance

    IFC provides financing andmobilization capacity to encourageinancial institutions to lend andinvest in sustainable projects.

    IFC has executed more than 60sustainable inance projects in 29countries with an IFC investmentamount of $1.8 billion, and over$2.5 billion in private capital.

    BANCOSEF

    TCL Group

    Vertice

    Banco BHD

    Promerica

    Banco Galicia

    SLV

    Banco Real

    San Miguel Unibanco

    Energia Florestal

    Cemar-Maranhao

    Comgas

    DESO BRL Loan

    Estre Ambiental

    MRS

    Rio de FogoTAM Airlines

    Bauducco

    Itambe

    USJ

    Vale do Parana

    Vonpar Alimentos

    Sunpreme Silicon

    Hidromaule

    La Conuencia

    La Higuera

    Norvind S.A.

    Century Hydros

    Termoores

    CAME CPLP

    AviancaRiopalia

    City Costa Rica

    Basic Energy

    Favorita Fruit

    Favorita WC

    Pronaca

    TACA Airlines

    Banco Gyt

    GCPLapco Pantaleon

    Bioethnol

    JPS Co II

    La Vegona

    JEP II

    Dinanat

    Optima Energia

    Calidra

    EURUS

    City Monterrey

    WCAPH EQ

    Cemar-Maranhao

    EDF La Ventosa

    Artha Capital

    Comemsa

    City Santa Fe

    WCAP Loan

    Banco de FinanzasSimplementeInfra V-El Salto

    Dinanat Pando Montelirio

    Banco ContinentalBanco Regional

    UABL II

    BBVA Paraguay

    Laredo Expansion

    Cheves Hydro

    BBVA Continental

    OrionAGD

    Arcor Group

    Carvajal

    City Colombia

  • 7/31/2019 Your Climate-Smart Business Partner in Latin America & the Caribbean

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    BBVA Banco Continental, Peru

    IFC provided a credit line and technical

    assistance to BBVA Banco Continental in

    2006 or energy eciency and renewable

    energy loans. BBVA has disbursed 69 loans

    with a total value o $34 million.

    San Jacinto Geothermal, Nicaragua

    IFC provided a $50m loan and mobilized$140m to support the construction o

    Nicaraguas largest greenfeld geothermalpower project in over 25 years - promoting

    renewable energy, electricfcation, andenergy independence or the country.

    Optima Energia, Mexico

    IFCs $10 million loan to Optima Energia

    helped support the companys balance sheet

    so it could increase the energy eciency o

    hotel clients in Mexico, cutting energy and

    water costs by 40%. The company has saved

    its clients over $14 million per year.

    ItaFos, BrazilA $40m loan and $35m investment in MBAC

    ertilizer project ItaFos to expand sustain-

    able agricultural production in Northeast

    Brazil. The project was supported by IFCs

    Environment and Social Review Process and

    Amazon Initiative.

    LOCAL PRESENCE IN LACGLOBAL EXPERTISEPROJECT HIGHLIGHTS

    ustainable Finance

    Resource Efciency

    ainable Agriculture

    Clean Energy

    NVESTMENT PRODUCTS IN SUSTAINABLE BUSINESS

    FC offers a number of sustainable-business investment products to help compa-nies grow, increase efficiencies, manage risk, and broaden their access to foreignnd domestic capital markets.

    ADVISORY SERVICES IN SUSTAINABLE BUSINESS

    Our financial products include: Loans from IFCs account

    Syndicated loans

    Equity investments

    Quasi-equity investments

    Equity & debt funds

    Trade finance

    Risk management products

    Local currency financing

    Subnational finance

    Carbon finance and credits

    Concessional Finance

    Our sustainable investments targets: Water and energy efficiency

    Renewable energy generation

    Sustainable agricultural

    Sustainable industry supply chain

    Carbon sequestration

    Avoided deforestation

    Banks investing in clean energy

    Venture & growth stage companies

    Climate change funds

    Climate-proofing infrastructure

    IFCs Advisory Services help ensure that clients projects are sustainable. Wethe following solutions to sustainable businesses and industries:

    Resource efficiency and cleaner production advice: IFC helps clients oproject/process designs and identify retrofit opportunities to achieve grficiency in energy, water, and other resources.

    Clean energy scale-up and energy-access initiatives: IFC supports scagrid-tied and off-grid clean energy with regulatory advice, improved access toand by addressing informational barriers to market development.

    Climate risk assessments: IFC performs risk assessments with clients in hydagribusiness, insfrastructure, manufacturing, and finance. And it develops antools to help clients plan for adaptation to climate change.

    Standard setting: IFC works with clients to meet our Environmental anPerformance Standards, which are widely applied by commercial banks Equator Principles. These standards help companies bolster their brands.

    Contact IFC LAC: Go towww.ifc.org/lacto contact an IFC LAby email or phone and learn how IFC can help grow your sustainable busin

    Yapi Kredi Leasing, Turkey

    IFC partnered with Turkeys leading leasingcompany, Yapi Kredi Leasing (YKL), to

    nance energy-efciency upgrades. Clientssuch as Toskar, an equipment manuacturer,

    have reduced energy costs by 20 percentand increased output by 50 percent.

    Azure Power Private Ltd., India

    In 2010, IFC took a $10 million stake in

    Azure Power Private ltd., which developedIndias rst 2 MW, utility-scale solar plant,

    powering 32 villages in Punjab. In 2012,

    Azure opened a 5 MW plant on its way to a

    nationwide goal o 100 MW.

    Mriya Agroholding, Ukraine

    IFCs Clean Production Lending Facility

    loaned $5 million to Mriya Agroholding, a

    successul Ukrainian agro producer, to

    boost its operational processess and

    reduce energy consumption, water use,

    and C02 emissions.

    Climate-resistant seeds, Bangladesh

    Bangladesh is losing 1.75 percent o itsarable land each year. IFC is working withour o the countrys largest private seedcompanies (Energypac Agro-G, SupremeSeed, ACI, and Lal Teer) to produce andmarket stress-tolerant seeds and train

    armers in using them.

    IFC LAC Climate Commitments b(US$ Millions)

    0

    100

    200

    400

    500

    2009 2010

    300

    700

    600

    $189m

    $393m

    $

    IFC LAC Climate Commitments by I(Since June 2005)

    Trade

    $506m,32%

    Man

    $

    Building &Eciency

    $132m, 8%

    Agriculture,Forestry, Water

    $25m, 2%

    Cleantech

    $243m, 15%

    Hydro

    $273m,

    17%