Simon Thomas, Chief Executive of Trucost, said, "It is hugely important that the environmental costs associated with growth in emerging economies are realized, and the provision of good-quality quantitative data means this can be achieved. Trucost will use its expertise in measuring environmental impacts and for the first time create a database of information on the environmental consequences of production in emerging economy companies."
The International Finance Corporation, the private sector arm of the World Bank Group, is the largest multilateral provider of financing for private enterprise in developing countries.
IFC finances private sector investments, mobilizes capital in international financial markets, facilitates trade, helps clients improve social and environmental sustainability, and provides technical assistance and advice to businesses and governments.
From its founding in 1956 through FY06, IFC has committed more than $56 billion of its own funds for private sector investments in the developing world and mobilized an additional $25 billion in syndications for 3,531 companies in 140 developing countries.
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