OUR COMMITMENT

We recognize that long-term economic growth and the reduction of poverty and inequality in Latin America and the Caribbean depend on development that is both socially inclusive and environmentally sustainable. To that end, we have made a commitment to maximizing positive environmental and social outcomes ofo ur work while minimizing risks and negative impacts on people and natural capital.

OUR SAFEGUARDS

We apply a comprehensive set of environmental and social safeguard policies tothe projects we finance to help protect against environmental and social harm, improve development value for our stakeholders, and enable our countries and clients to meet best international practices. These policies areessential to our mission to reduce poverty and inequality in Latin America and the Caribbean.

Five Things You Need to Know

  1. We add value to development projects through implementing safeguards, managing environmental and social impacts and risks, and bypassing costly future delays.
  2. We help our clients to meet and/or exceed global benchmarks in environmental and social performance.
  3. We deliver on sustainability commitments through investments in environmental sustainability, through climate change adaptation/mitigation and renewable energy investments, and through innovative initiatives that support the sustainability agenda.
  4. We are implementing a new strategy and vision for sustainable infrastructure—one that sees a shift from infrastructure as a fixed asset to infrastructure that is planned, built, and maintained as a service for people.
  5. We calculate the GHG impacts of our investments, applying best available technologies to reduce emissions generated and to increase avoided emissions.

STATISTICS

ENVIRONMENTAL AND SOCIAL IMPACT CLASSIFICATION STATISTICS

9

# of loans approved in 2014, classified Category A, Environmental and Social Impact

Category Amount of loans # of loans
A US$1,566.5 million 9
B US$4,569.3 million 55
C US$780.1 million 23
FI US$6,936.1 million 81

SAFEGUARD PERFORMANCE STATISTICS

88%

# of loans with high environmental and social risks rated satisfactory in the implementation of safeguard mitigation measures in 2014.

GHG ACCOUNTING IN OUR PORTOFLIO STATISTICS

-1.12

million tons CO2eq emissions avoided from low-carbon development projects approved in 2014.

+0.77

million tons CO2eq emissions generated from greenfield and expansion projects approved in 2014.

ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENTS

Environmental and Social Impact Assessments are prepared for projects with potentially substantial environmental and social impacts. ESIAs are made available to affected populations and local nongovernmental organizations by the borrower before the Bank conducts its Analysis/Due Diligence Mission and also are on the Bank’s website.