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This executive summary by the Center for International Environmental Law outlines necessary reforms for the International Finance Corporation's (IFC) 'Approach to Greening Equity in Financial Institutions' (Green Equity Approach or GEA). While acknowledging the GEA's goal to phase out coal-related investments by 2030, the document argues that the current framework is too narrow to align the IFC's equity portfolio with the Paris Agreement and proposes ten essential improvements to address loopholes and integrate social and environmental safeguards.

This report by Recourse and a coalition of partners evaluates the International Finance Corporation's (IFC) 'Approach to Greening Equity in Financial Institutions' (GEA). While acknowledging the GEA's goal to phase out coal-related investments by 2030, the authors argue that the current framework contains significant loopholes and fails to align with the Paris Agreement. The document proposes ten essential reforms to ensure the IFC's equity investments in financial intermediaries are truly green, including expanding the scope to oil and gas, improving transparency, and addressing human rights and gender equality.