Washington, D.C., June 18, 2009—IFC,
a member of the World Bank Group, today unveiled a new online training
program designed to help financial institutions better understand sustainable
finance, social and environmental risk management, and explore sustainability-related
The Sustainability Training and E-learning
Program will be available through the World Bank’s Learning Management
System from July 15, 2009. Financial institutions can register for the
program at www.ifc.org/STEP.
The highly interactive e-learning program
is designed for managers and staff of financial institutions, including
banks, private equity funds, leasing companies, and microfinance institutions.
It aims to improve participants’ understanding of social and environmental
risks and help develop processes for managing such risks in their portfolios.
STEP also helps financial institutions
identify sustainability-related opportunities within their existing portfolios
and expand into products such as financing energy-efficiency, renewable
energy, or sustainable supply chain projects.
Georgina Baker, IFC Director, Global
Financial Markets, said, “A growing number of financial institutions recognize
that sustainable banking offers new and exciting business opportunities.
The Sustainability Training and E-learning Program will help those institutions
expand their product offering and realize the benefits of sustainable banking.”
Since 1997, IFC has offered sustainability
training to financial institutions through face-to-face workshops. STEP
is the next generation training program designed to reach a broader audience
of financial institutions around the world. The e-learning platform also
ensures the consistency, quality, and availability of the training.
IFC, a member of the World Bank Group, creates opportunity for people to
escape poverty and improve their lives. We foster sustainable economic
growth in developing countries by supporting private sector development,
mobilizing private capital, and providing advisory and risk mitigation
services to businesses and governments. Our new investments totaled $16.2
billion in fiscal 2008, a 34 percent increase over the previous year. For
more information, visit www.ifc.org.