Corporate Responsibility


The World Bank Group is committed to ending extreme poverty and boosting shared prosperity in a sustainable manner. The World Bank manages the environmental, social, and economic impacts of its internal business operations by striving for net positive impacts on the ecosystems, communities, and economies where we have offices. The World Bank’s annual Global Reporting Initiative (GRI) Index and biennial Sustainability Review present details on the sustainability considerations of our operations and corporate practices.

SUSTAINABILITY IMPACTS

The Corporate Responsibility Strategic Plan focuses on the World Bank’s efforts to: review mandates and progress on Corporate Responsibility at the World Bank; evaluate the current Corporate Responsibility landscape and trends; engage stakeholders for input on Corporate Responsibility issues; identify implementation priorities; and establish a rolling three-year implementation plan for Corporate Responsibility.



The priority areas have been identified by carrying out a survey of international financial institutions, non-governmental organizations, the private sector, and sustainability news outlets. Internal stakeholders from across the institution confirmed the analysis and have identified paths forward.

An action plan to set long-term targets within these impact areas has been approved by the Managing Director & Chief Administrative Officer. 

CORPORATE SUSTAINABILITY PRINCIPLES

10 Sustainability Principles are the bedrock for embedding sustainability in the Bank's decisions across its internal operations. Using these Principles in a systematic way will positively impact how we operate our facilities worldwide as well as throughout our supply chain.  

WB Corporate Sustainability Principles
1. Be Climate Resilient4. Ensure Resource Efficiency7. Eliminate Corruption
2. Be Energy Smart5. Reduce Waste 8. Enhance Diversity & Inclusion
3. Be Water Efficient6. Promote Sustainable Land Management9. Ensure Staff Wellbeing
  10. Engage & Preserve the Community

SUSTAINABILITY REPORTING

You can read about progress made in the 2021 Sustainability Review, 2021 Global Reporting Initiative (GRI) Index, and 2021 World Bank Annual Report as well as  in our submission to the 2021 United Nation’s Greening the Blue Report. The World Bank uses a detailed materiality methodology to determine what aspects to include in our reporting.

We hope that you read these reports online; if you choose to print, please do so double-sided and in black ink.


" Environmental degradation disproportionately affects the poor and managing our corporate environmental and social impacts is fully aligned with our mission to reduce extreme poverty. "

Shaolin Yang

Managing Director & Chief Administrative Officer



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