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IFC plans another sustainability loan for Corsan

IFC plans another sustainability loan for Corsan

August 19, 2021 | Thierry Ogier
World Bank's private sector lender aims to help companies avoid greenwashing, Brazil country manager says

World Bank Brazil ESG Interviews International Financial Institutions Loans Green Washing Sustainability-Linked Water & Sewage

The International Finance Corporation (IFC) plans to release a second tranche of a sustainability-linked loan to Corsan, the water and sanitation company of the Brazilian state of Rio Grande do Sul, by the end of the year, Carlos Leiria Pinto, IFC's country manager in Brazil, told LatinFinance. IFC, the private sector lending arm of the World Bank, extended a first tranche of BRL300 million ($55.8 million) loan to Corsan in April as part of a "showcase program" to help the company achieve a targ

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