IADB unveils Sustainability Report focused on climate resilience
The Inter-American Development Bank (IADB) has launched its 2019 Sustainability Report.
The report details the lender's approach to sustainability, the footprint of greenhouse gases of its loan portfolio, and the achievements of its Corporate Sustainability Program.
For the first time, the report also includes information on the systematic assessment of disaster risk and climate change from its projects.
In 2019, the IADB Group financed $4.9 billion in activities related to climate change through its projects, which represented 29%of the IADB Group's annual approvals.
As part of its Environmental and Safeguards Compliance Policy , the group also calculates the absolute emissions of projects that can generate significant amounts of GHG emissions. In 2019, gross GHG emissions were reported for 34 projects that generated an estimated 214,000 metric tonnes of carbon dioxide equivalent, the lowest value in the past five years.
