The World Bank leads international development organizations in sustainability disclosures by linking environmental and social impacts of its corporate activities to the Sustainable Development Goals. The World Bank’s commitment to sustainable actions directly supports its twin goals and the UN’s Sustainable Development Goals.
Transparent disclosure in the World Bank’s Annual Report of corporate activities that support the SDGs—from ensuring the wellbeing and inclusion of its 11,000-plus staff (SDG 8) to managing its sustainable consumption and production patterns (SDG 12)—exemplifies the need for other institutions to measure and openly report their own impacts.
A few highlights:
- The World Bank has a comprehensive program to measure, reduce, offset, and report its greenhouse gas emissions (SDG 13), which calls for urgent action to combat climate change and its impacts. The Bank reduced its greenhouse gas (GHG) emissions impact on the planet in fiscal 2015 by 5,000 metric tons (the equivalent of taking 1,000 passenger vehicles off the road). Reducing reliance on diesel generators globally and of electricity use at the Washington, DC, offices plus focusing on energy-efficiency upgrades in the Country Offices, all contributed to the result.
- The World Bank’s learning through “Quality Education” is a key enabler of the Bank’s ability to deliver solutions to clients, share cutting-edge knowledge, and retain top talent. Launched in 2016, the Open Learning Campus is a single destination for accelerating development solutions through learning for staff and global clients and partners. This initiative contributes to SDG 4 (ensure inclusive and equitable quality education).
- The World Bank also takes its commitment to gender equality (SDG 5) seriously. This fiscal year, it completed the Economic Dividends for Gender Equality (EDGE) certification process in Washington, DC, and achieved the initial level of EDGE Assess.
A comprehensive list of metrics and activities is disclosed in the World Bank Annual Report 2016, Pg. 51. This disclosure is additional to the biennial Sustainability Review and the annual Global Reporting Initiative (GRI) Index, which is the comprehensive reporting of Bank-wide material sustainability indicators – viewable at www.worldbank.org/corporateresponsibility.