ID: 1781
Presenting Author: Sandra Gomez Paradela
Session: 663 - Climate risks assessment in the age of climate misinformation
Status: pending
IFC integrates climate change into E&S risk management to help projects assess, manage, and adapt to physical climate risks, strengthening resilience and sustainability.
As climate change intensifies, development projects face increasing exposure to physical climate risks that can significantly affect workers, communities, ecosystems, and assets. Addressing these challenges requires integrating robust strategies for managing environmental and social (E&S) climate risks into project preparation and implementation.
This presentation will share insights from the International Finance Corporation (IFC) on how climate risk considerations are being embedded into its E&S risk identification and management frameworks and tools. In addition to its Paris Agreement commitments, IFC is advancing approaches to identify, assess, and manage physical climate risks throughout the project cycle, applying the framework provided by IFC’s Performance Standards.
The discussion will outline IFC’s experience in incorporating climate risk assessments into client guidance and operational tools such as Environmental and Social Impact Assessments (ESIAs), management systems, Emergency Preparedness and Response Plans (EPRPs), and Occupational Health and Safety (OHS) procedures. It will also highlight lessons learned from engagement with clients on strengthening adaptive capacity and integrating climate resilience measures that enhance E&S management systems.
By embedding climate change considerations into E&S risk management, IFC aims to help private sector companies mitigate risks associated with climate-related hazards and contribute to stronger, more sustainable development outcomes.
Climate Risk Management Specialist at IFC with extensive experience integrating climate risk and resilience into infrastructure and private sector projects