International Bank for Reconstruction and Development (IBRD) Sustainable Development Bonds

Primary impact area  Impact area Geographic location of impact Investment commencement SDG alignment
Social, Environment Water, Health Global  2020  

 


Securing funding for health and wellbeing projects has become ever more urgent with the emergence of the COVID-19 virus. International Bank for Reconstruction and Development (IBRD) is a member of the World Bank Group. IBRD bonds support the financing of a range of sustainable development projects and programs in member countries, including health and wellbeing, and more recently the country-level response to detect and respond to COVID-19. In addition to this, they support sustainable livelihoods and food through the improved ecological health of oceans and waterways.

The World Bank (International Bank for Reconstruction and Development, IBRD) operates as a global development cooperative owned by 189 nations and has been the world’s largest source of development finance for the past 70 years. It provides its members with financing, expertise and coordination services  so they can achieve equitable and sustainable economic growth.

All financing is directed towards the World Bank’s two main goals: to end extreme poverty and promote shared prosperity.

QBE invested in a number of IBRD bonds which support sustainable development and economic growth, and more recently which aim to support health and wellbeing, and support countries response to COVID-19.

Health and Wellbeing

The IBRD bonds support the financing of a range of sustainable development projects and programs in member countries, including health.

A second bond that QBE invested in was part of the IBRD’s effort to raise awareness about the institution’s health programs, with an emphasis on how the IBRD is working with member countries to support their efforts to prevent, detect, and respond to the rapid spread of COVID-19.

Oceans & Water

3-5% of global GDP is derived from the oceans, providing livelihoods and an important source of food. Further, oceans and coastal vegetation helps to regulate global climate.

Less than 2% of the world’s oceans are protected. Threats to oceans and life below water include the destruction of marine habitats, overfishing and pollution including plastics. Warming waters and emissions are causing sea level rises, coral bleaching and stronger storm surges, affecting coastal habitats as well as livelihoods.

Indonesia: improvement in solid waste management to support regional and metropolitan cities

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The project aims to increase the proportion of the population in selected urban areas who have regular household waste collection, increased capacity for landfill and solid waste disposal, and ensuring that the beneficiaries of these programs are largely women. By improving solid waste management to support regional and metropolitan cities, it will improve drainage, reduce flooding risk, and reduce plastics and waste which ends up in the ocean - affecting the global fishing industry and livelihoods.

Source: Premiums4Good Investment Impact Report 2019-2020