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
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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%