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There are 12 initiatives in which the IDB and IDB Invest work to promote sustainable instruments for development. Find out what the bank does in each of them by sector and country.
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Environmental and Social Policy Framework

The ESPF sets ambitious new standards in several areas and provides IDB’s clients with leading-edge provisions to tackle environmental and social issues. It elevates respect for human rights to the core of environmental and social risk management and includes a dedicated, stand-alone standard on gender equality. A new standard on labor and working conditions aligns with the core international conventions and instruments. The new policy framework also includes consideration of risks associated with pandemics and epidemics, and it aligns with international best practices on biodiversity protection and conservation. In addition, the ESPF stipulates when free, prior, and informed consent is required from indigenous peoples, mandates protections for African descendants and persons with disabilities, and requires consideration of race, ethnicity, age, and social conditions. To obtain open, transparent, and inclusive engagement around projects, the ESPF also includes a stand-alone stakeholders’ engagement and information disclosure standard, which requires clients to routinely implement grievance mechanisms. Moreover, an exclusion list now identifies activities that the IDB will not finance because they could adversely impact people and the environment, or because they are inconsistent with the IDB’s commitment to addressing climate change and promoting environmental and social sustainability. You may review the Environmental and Social Policy Framework in the four official languages of the IDB: -English -Spanish -French -Portuguese The IDB now enters a period of approximately one year during which it will help clients prepare to implement the new policy framework. Once this period is over, the ESPF will apply to the preparation and execution of all new IDB-financed operations. Except for the two purposes described below, the ESPF will supersede the following IDB environmental and social operational policies once it becomes effective: the Environment and Safeguards Compliance Policy (OP-703), the Disaster Risk Management Policy (OP-704), the Involuntary Resettlement Policy (OP-710), the Policy on Gender Equality in Development (OP-761), and the Indigenous Peoples Policy (OP-765). IDB environmental and social operational policies (OP-703; OP-704; OP-710; OP-761; and OP-765) will continue to apply for the following two purposes: Regarding safeguards, for the implementation of operations approved prior to the effectiveness of the ESPF. For all matters related to the Bank's mainstreaming work regarding such policies. “Mainstreaming” refers to IDB’s proactive actions to address environmental and social issues strategically as cross-cutting dimensions of development. These issues include protecting the environment, supporting disaster risk management, and facilitating rapid assistance in response to disasters, promoting development with identity for Indigenous Peoples, and gender equality.

How to Invest for Impact in a Post-COVID World

The appetite for impact investing continues to grow, despite the pandemic. With more investors looking to invest sustainably, the industry is moving from “why” investing for impact is important, to “how” to embed impact into investment processes. Our new report, "Managing a Portfolio for Impact: IDB Invest’s Impact Management Framework," showcases how we embed impact throughout the investment lifecycle. Download our report to learn about: -The evolving impact investing landscape and what it means to invest for impact. -How to integrate impact and financial sustainability into investment decision-making and portfolio management. -Tools such as IDB Invest’s impact rating system (the DELTA) that support end-to-end impact management, from deal origination to final evaluation.

Treasury issues the first sustainable sovereign bond in the world linked to the SDG

Today Mexico becomes the first country in the world to issue a sustainable sovereign bond linked to the Sustainable Development Goals (SDG) for an amount of 750 million euros. With this issue, the Ministry of Finance inaugurates Mexico's sustainable financing programme and places the country at the forefront of innovation in sustainable financing instruments. In addition, the issuance allows the country to expand its investor base by accessing international funds committed to sustainable economic development. This bond was placed for a 7-year term (September 2027), offering a yield at maturity of 1.603% and paying a coupon rate of 1.350%. The operation reached a peak demand of EUR 4.8 billion, equivalent to 6.4 times the amount placed, and involved 267 institutional investors globally. The issuance of this bond is an important milestone in the development and innovation of market instruments for sustainable financing and confirms the confidence of international investors in the Mexican Government's commitment to development.