Skip to main content

 

749000 jobs supported4.8 million MSMEs financed1.3 million women beneficiaries

 

67 million tons of emissions avoited183.000 training beneficiaries7 MW installed power

| Our Work in Action

Refinancing Renewable Energy Projects in the Dominican Republic

Our client AES received a $368 million loan to develop and refinance six renewable energy projects in the Dominican Republic. The funding included $37 million from IDB Invest and $331 million from 21 financial institutions, marking the largest financing for renewables in the Caribbean. 

Expected to generate 824 GWh annually, these projects will cut greenhouse gas (GHG) emissions by 441,000 tons CO2e – equivalent to removing 96,000 vehicles from the road – and help reduce the country’s reliance on fossil fuels. 

The project was awarded the “IJGlobal ESG Renewable Energy Award – Latin America” in October 2024. 

Download report

 

Solar panels image

| Our Work in Action

Sustainability Week 2024

IDB Invest Sustainability Week is the leading sustainability event in Latin America and the Caribbean, tailored for sustainability practitioners. The event connects business leaders, impact investors and thought leaders from across the region and the world to advance the region’s sustainability agenda.

Sustainability Week 2024 took place in the heart of the Amazonia, in Manaus, Brazil. The agenda covered five main themes such as impact investing, Amazonia, inclusion, bioeconomy, and climate change. The event welcomed 15,000 online and onsite attendees who represented 116 countries and over 12,500 companies. 

Read more

 

| Our Work in Action

Embedding Sustainability

We understand the strong correlation between corporate governance culture and sustainability, and our responsibility to make returns on our investments while acting with integrity.

Our Sustainability Framework is driven by a governance structure designed to promote sustainable business practices among our clients, and to finance projects that support the economic, environmental, and social development of the region. 

We are also committed to reducing the impact of our own operations by reducing our environmental footprint and investing in our workforce, promoting staff mobility and fostering development opportunities. Find out more:

2023 GRI Index
• Sustainability at IDB Invest
• Impact Management Framework
• Corporate Governance
• IDB Invest Sustainability Report 2022 "The challenge that connect us"

 

 

Air view of a green field crossed by a canal in South America

Latest news

Measuring Our Impact

In September 2024, we published our annual impact report, the Development Effectiveness Overview 2024, showcasing the impact of the IDB Group in Latin America and the Caribbean.
 

Group Action Plan on Biodiversity

IDB Group’s Natural Capital and Biodiversity Mainstreaming Action Plan 2024–2025 aims to integrate biodiversity and natural capital into our operations and support countries’ nature-positive goals.

IDB Invest launches EnLACes

In August 2024, IDB Invest launched EnLACes, a regional network promoting dialogue on sustainable finance among public and private commercial banks.

IDB Group launches Disaster Risk Management Action Plan

IDB Group has launched its 2024–2025 Disaster Risk Action Plan, which promotes working with countries in the region on a comprehensive approach to help prepare for and respond to disasters, including the effects of climate change.
 

IDB Invest Wins ESG Award

In October 2024, IDB Invest was named the ESG development finance institution of the year at the 2024 IJGlobal ESG Awards.
 

Renewable Energy Accolade for AES

Our client AES has received the ESG Renewable Energy Award by IJGlobal for its Warehouse Facility for Renewable Energy in the Dominican Republic.