GRI Index 2022

G R2I 02I 2nde x GRIIndex 2022 losureAuthorized PublicDisclosureAuthorized PublicDisclosureAuthorized PublicDisclosureAuthorized ©2022InternationalBankforReconstructionandDevelopment/TheWorldBank1818HStreetNW WashingtonDC20433 Telephone:202-473-1000Internet:www.worldbank.org ThisworkisaproductofthestaffofTheWorldBankwithexternalcontributions.Thefindings,interpretations,andconclusionsexpressedinthisworkdonotnecessarilyreflecttheviewsofTheWorldBank,itsBoardofExecutiveDirectors,orthegovernmentstheyrepresent. TheWorldBankdoesnotguaranteetheaccuracy,completeness,orcurrencyofthedataincludedinthisworkanddoesnotassumeresponsibilityforanyerrors,omissions,ordiscrepanciesintheinformation,orliabilitywithrespecttotheuseoforfailuretousetheinformation,methods,processes,orconclusionssetforth.Theboundaries,colors,denominations,andotherinformationshownonanymapinthisworkdonotimplyanyjudgmentonthepartofTheWorldBankconcerningthelegalstatusofanyterritoryortheendorsementoracceptanceofsuchboundaries. NothinghereinshallconstituteorbeconstruedorconsideredtobealimitationuponorwaiveroftheprivilegesandimmunitiesofTheWorldBank,allofwhicharespecificallyreserved. RightsandPermissions Thematerialinthisworkissubjecttocopyright.BecauseTheWorldBankencouragesdisseminationofitsknowledge,thisworkmaybereproduced,inwholeorinpart,fornoncommercialpurposesaslongasfullattributiontothisworkisgiven Anyqueriesonrightsandlicenses,includingsubsidiaryrights,shouldbeaddressedtoWorldBankPublications,TheWorldBankGroup,1818HStreetNW,Washington,DC20433,USA;fax:202-522-2625;e-mail:pubrights@worldbank.org. Coverimage:Vikornsarathailand/Freepik.com Design:WorldBankGlobalCorporateSolutions,CreativeServices GRIINDEX2022 ThisWorldBankGlobalReportingInitiative(GRI)Index2022inventoriesthesustainabilityconsiderationsusedinWorldBanklendingandanalyticalservicesandinitscorporatepractices.1ThissustainabilitydisclosureindexhasbeenpreparedinaccordancewiththeGRIStandards. TheGRIIndexcoversactivitiescarriedoutduringfiscal2022,fromJuly1,2021,throughJune30,2022.TheWorldBankwelcomedmanycolleaguesbacktoitsfacilitiesthisyear.Theinstitutioncontinuestoadaptitsworkmodeltoprotectstaffhealthandwell-beingwhilerecognizingthevalueofphysicalinteractionindeliveringhigh-qualityresultsforclientsandcareerdevelopment.ThisreportnotesanysignificantresidualimpactsofCOVID-19ontheinstitution’soperationsandstaff. 1TheGRIIndexreportsontheactivitiesoftheWorldBank.WherepracticesandprojectsspantheWorldBankGroup,theyarecitedassuchinthetext. AbouttheWorldBank TheWorldBank(Bank)constitutestheInternationalBankforReconstructionandDevelopment(IBRD),establishedin1944tohelprebuildEuropeafterWorldWarII,andtheInternationalDevelopmentAssociation(IDA),establishedin1960tohelpthepoorestcountries.IBRDisaglobaldevelopmentcooperativeownedby189membercountriesandthelargestdevelopmentbankintheworld.Itprovidesloans,guarantees,riskmanagementproducts,andadvisoryservicestomiddle-incomeandcreditworthylow-incomecountries,aswellascoordinatesresponsestoregionalandglobalchallenges.TheInternationalDevelopmentAssociation(IDA)isoneofthelargestsourcesofassistancefortheworld’s74poorestcountriesandisthesinglelargestsourceofdonorfundsforbasicsocialservicesinthesecountries.IDAaimstoreducepovertybyprovidingzero-tolow-interestloans(called“credits”)andgrantsforprogramsthatboosteconomicgrowth,reduceinequalities,andimprovepeople’slivingconditions. TheWorldBankGroup(BankGroup)isauniqueglobalpartnership:fiveinstitutionsworkingforsustainablesolutionsthatreducepovertyandbuildsharedprosperityindevelopingcountries.InadditiontoIBRDandIDA,theBankGroupincludes:theInternationalFinanceCorporation(IFC),whichprovidesloans,guarantees,equity,andadvisoryandprojectdevelopmentservicesandmobilizesadditionalcapitalfromothersourcestostimulateprivatesectorinvestmentindevelopingcountries;theMultilateralInvestmentGuaranteeAgency(MIGA),whichprovidespoliticalriskinsuranceandcreditenhancementtoinvestorsandlenderstofacilitateforeigndirectinvestmentinemergingeconomies;and,theInternationalCentreforSettlementofInvestmentDisputes(ICSID),whichprovidesinternationalfacilitiesforconciliationandarbitrationofinvestmentdisputes. DefiningtheReport MethodologyforDeterminingMateriality Thetopicsdeemedrelevantfordisclosureareidentifiedbyassessingannualcorporateprioritiesoutlinedbytheinstitution'sBoardsandPresident,consideringstakeholderinput,andascertainingthesustainabilityimpactsofcarryingouttheinstitution’smissionandvision.Stakeholderfeedbackisgainedthroughthreekeychannels:theCountryOpinionSurveyProgram,civilsocietyfeedback,andqueriesfromenvironmental,social,andgovernance(ESG)researchgroups. Thebusiness-casecategoryevaluatespotentialreputationalriskstotheinstitution,theimportancetostakeholders,thelinkageswiththeBank'smissionandgoals,andthelinkagesidentifiedasmaterialintheWorldBankCorporateResponsibilityStrategicPlan.Thesustainabilityimpactreferstoenvironmentalandsocialcriteria,asoutlinedbytheNaturalStep,namely,materialextractedfromtheearth'scrust;theaccumulationofpersistentortoxicemi