The International Finance Corporation (IFC), a member
of the World Bank Group, promotes sustainable private sector investment in
developing countries as a way to reduce poverty and improve people’s lives. In
addition to its investment work in the Africa region, IFC is also providing
Advisory and Upstream Services aimed at specific aspects of private sector
development, including support to Financial Institutions, enhancing access to
finance, and promoting environmental and social sustainable practices.
IFC’s Climate Finance (CF) Program, a key initiative
of the Financial Institutions Group (FIG), is designed to support financial
intermediary lending to clean and resource-efficient projects, as well as
Climate Risk investments in emerging markets. The primary objective of the CF
program is to bolster FIG climate investments and assist financial institutions
in Africa in integrating climate finance into their business models while
considering the impacts of Climate Risk. By integrating climate risk management
into their operations, financial institutions can enhance their resilience to
climate-related impacts. This leads to more informed decision-making, better
risk assessment, and improved financial stability. The ripple effects include
increased investor confidence, more sustainable business practices, and a
stronger emphasis on long-term planning. As financial institutions become more
adept at managing climate risks, they can drive broader economic stability,
support sustainable development, and contribute to the global effort to combat
climate change. This holistic approach not only safeguards the financial sector
but also promotes environmental stewardship and social well-being.
To further this mission, IFC is seeking an experienced
short-term consultant/firm with professional expertise in climate risk
management especially in the financial services sector. The consultant/firm will
support the creation of a toolkit for climate risk management and disclosure,
to enhance the capacity of Financial Institutions (FIs) in the Africa Region to
effectively manage and disclose climate risks