losure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 2023 Sustainability Review © 2023 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org. Cover image: Corporate Responsibility Program. Design: World Bank Global Corporate Solutions, Creative Services, and World Bank Corporate Responsibility Program. Impact * Integrity * Respect * Teamwork * Innovation This sustainability review, which covers the period from July 1, 2021, to June 30, 2023, has been prepared by the Corporate Responsibility Program of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Sustainability reviews for the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID) are published separately. All dollar amounts used in this report are current U.S. dollars unless otherwise specified. Fiscal year commitments and disbursements data are in accordance with the audited figures reported in the IBRD and IDA Financial Statements and Management’s Discussion and Analysis documents for fiscal year 2022–23. As a result of rounding, numbers in tables may not add to totals, and percentages in figures may not add to 100. Opening Letter This report presents our Sustainability Review 2023. Sustainability is not just a word, it is a guidepost for helping the World Bank meet its development goals and targets. We continue taking steps to manage and do our part to adapt to the changing environmental and social landscapes. We start with ourselves, evaluating our impact as an institution on the environment and communities around us. This report summarizes the contributions of the World Bank staff who collectively work towards a world free of poverty on a livable planet. This report describes our sustainability efforts and accomplishments through the lens of our core values, Innovation, Respect, Impact, Integrity, and Teamwork. These Core Values and Code of Ethics serve as the foundation for sustainability within the World Bank. They provide us with the necessary space for fresh thinking and fast action to address sustainable challenges. Here are some examples: Innovation The Disruptive Knowledge, Information & Data Services (KIDS) Helpdesk, utilizes an innovative approach and incorporates modern technology to better support operational teams. Respect The Anti-Racism Task Force recommendations were reflected in an update to our code of ethics, indicating our commitment to address racism and discrimination in our workplace and our development work around the world. Impact The Country Climate and Development Reports help our clients prioritize the most impactful actions to reduce greenhouse gas emissions and boost ada