IFC Climate Governance Progression Matrix

Year Published

2023

Contributing Organizations

World Bank Group (WBG)

International Finance Corporation (IFC)

Type of Resource

Tool

Languages

English

Relevant Topics

Core Topic

Organizational Change & Leadership

Topic 2

Risks & Opportunities: The Business Case

Topic 3

Risk Management

Target Audience

All

Relevant Geography

Global

Resource Description

This resource presents a progression matrix to help companies strengthen climate governance, moving from basic awareness to international best practice and leadership across governance areas.

Why This Matters

The matrix provides a structured pathway for companies to embed climate governance and align with global sustainability expectations.

Key Insights

Integrates climate risks and opportunities into strategy, financial planning, and decision-making
Defines board responsibilities for overseeing climate targets, risk management, and net-zero alignment
Recommends internal control, audit, and compliance systems to manage climate-related risks across operations and value chains
Promotes transparent disclosures aligned with global standards, including scenario analysis and transition plans
Emphasizes shareholder voting on transition strategies and active stakeholder engagement

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