IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
Mitigating climate change and helping our clients and member countries adapt to climate change risks and impacts is a strategic pillar of the WBG. In its Climate Change Action Plan for FY21-25, IFC committed that, among other things:
• an average of 35% of its own-account long-term finance commitments will finance climate related activities
• 85% of new IFC investments will be Paris Aligned by July 2023 and 100% will be Paris Aligned by July 2025; and
• 100% of IFC projects will be screened for climate risk by July 2023.
IFC’s Manufacturing, Agribusiness and Services (MAS) department spans a wide range of sectors essential for economic growth and for basic human needs. MAS clients – leading global and regional / local industry players - play a critical role in manufacturing goods and providing services demanded by consumers and required for infrastructure, business, and global supply-chains.
Through its business with private sector clients, IFC's priorities in MAS include (but are not limited to): (i) increasing productivity and access to manufactured goods and services, while supporting low carbon growth and enhancing resilience to climate change impacts; (ii) making IFC the financing partner of choice for targeted clients, in part through its world-class industry expertise; (iii) helping select local companies to grow while improving their transparency and sustainable competitiveness; (iv) catalyzing investment through our mobilization activities; and (v) developing client, sector and country-level investment and advisory solutions that can be scaled and replicated.
MAS Climate Business helps to deliver IFC’s climate strategies and targets. Our platform comprises a network of investment professionals, industry specialists, analysts, Advisory and other staff that work with MAS sector teams and clients to build and finance a pipeline of climate investments. MAS Climate Business crafts strategies, develops tools, and engages in business development to promote IFC’s expertise and climate financing products for investments in energy efficiency, renewable energy, green buildings, circular economy, climate smart agriculture, sustainable forestry and other decarbonization solutions. We help clients to set and achieve their climate strategies and commitments in their operations and in their supply chains.
Roles and Responsibilities:
The MAS Climate Business team seeks a Climate Investment Analyst to help deliver MAS’s climate strategies, financing targets and other commitments. S/he will work closely with the core climate team in MAS and with relevant investment, sector, and other specialists across IFC’s industry + regional matrix. S/he will have three main objectives:
Play an Active Role on MAS Climate Transactions:
Help to develop and support a pipeline of climate investments. Serve as financial analyst on select MAS investment projects that are climate related. Investment Analysts work closely with IFC Investment Officers, who are responsible for the design, negotiation, structuring, and supervision of IFC’s investments. They also work with the relevant sector industry specialist and other climate specialists (e.g. Green Buildings, Climate Smart Agri, Decarbonization) to support MAS climate related investments.
Contribute to New Climate Finance Initiatives and Knowledge Management:
Contribute to tools & communications that increase awareness and develop MAS Climate Business in new areas, including (i) preparing presentations and pitches for internal and external audiences, (ii) conducting targeted company research for pitchbooks, (iii) rolling out IFC climate finance products (Green Bonds / Loans, Blue Financing, Sustainability Linked Financing) through knowledge sharing, pitching for MAS clients, and helping to structure and process transactions; (iv) contributing to climate finance trainings for MAS colleagues.
Help MAS to Achieve its Yearly Climate Objectives:
Work with MAS Climate Business team and MAS/IFC colleagues to deliver our climate program by (i) working with teams to identify, maximize, make the case, and get credit for climate investments in MAS projects, (ii) screening projects and helping to manage MAS Climate Business pipeline, (iii) supporting MAS’s Climate Business Global Head & other team members with tasks (e.g. research, data analysis, presentations, representation at meetings, input on strategies) as requested.
Key areas of responsibility include:
• Analyzing historical and projected financial statements, creating or auditing financial models
• Conducting company, industry and market research and assisting with IFC’s climate business development efforts
• Participating in the investment processing cycle for select projects, helping with various aspects of due diligence and preparation of documentation as may be requested
• Engaging with various internal stakeholders to help coordinate the Paris Alignment process for certain MAS climate related investments
• Preparing climate pitchbooks and other awareness raising materials for both internal audiences and for external clients and other stakeholders
• Reviewing Climate/Green/Sustainability commitments made by companies and whether proposed Green / Climate financing frameworks are in line with industry / sector expectations.
• Helping to manage MAS climate pipeline and related operational analytics
• Helping with the preparation and dissemination of MAS Climate Business strategies and tools
• Participating in the monitoring of investments in select portfolio companies.