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Helping our clients tap into these opportunities and working with a host of partners to catalyze finance for climate action, is at the core of IFC’s business. In fiscal year 2023, IFC delivered 46% in own-account climate finance and mobilized an additional $6.8 billion. The World Bank Climate Change Action Plan (2021 – 2025) outlines the institution’s collective response to align financial flows with the goals of the Paris Agreement (referred to as “Paris Alignment” or “PA”). Under the Action Plan, IFC has committed to align 85% of new operations with the goals of Paris Agreement by July 1, 2023, and 100% of these by July 1, 2025 and to achieve at least of 35% of its investments in climate positive activities.
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