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TERMS OF REFERENCE
CLIMATE SPECIALIST

I. About IFC
IFC, a member of the World Bank Group, is the largest global development finance institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. IFC finances private sector investments, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to businesses and governments in the developing world.

Through the Financial Institutions Group (FIG) vertical, IFC works through financial institutions with products including investment and advisory support for microfinance, insurance, loans to small and medium enterprises and women-owned businesses, and low- and medium-income mortgages. This is an important part of the World Bank Group strategy to end extreme poverty and build shared prosperity. IFC's Advisory support to the financial sector is organized around Climate Finance, Climate Risk management, Financial Inclusion, Risk Management, Digital, Capital Market, Trade and Supply Chain Finance (SCF), etc. These services are delivered through regional Advisory Services teams, with support from global product specialists, and in partnership with IFC's Investment Services teams.

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II. Background and Objective
Climate Business is one of the strategic priorities of the WBG. The Financial Institutions Group (FIG) of IFC provides advisory and investment services to financial institutions (FIs) to help them establish profitable climate business and scale up financing of climate friendly projects with proper management of climate risk. The focus is to support FIs, especially IFC's clients build viable and scalable green finance operations with efficient risk management functions, leverage their client base and partnerships between FIs and market players such as energy service companies, equipment vendors, international supply chains and various players who support the promotion of climate smart investments and emission reduction.

III. Scope of Work
IFC is seeking a Short-Term Consultant (STC) to support the development and implementation of a successful FIG Green Finance and climate risk management program in India, Bangladesh and Nepal. The Consultant will report into the country Leads and work closely with the practice lead of the Climate and risk management program.

• Support IFC to undertake market scoping exercise and business development activities to analyze the green financing opportunities in the key sectors and regions, map the potential IFC FI clients, understand their needs and gaps in financing the green projects and develop investment and/or advisory pilots with them.
• Assist in the creation of IFC Green Finance Technical Toolkits in the space such as Green Building/Green Housing, Green Bond/SME/MSME and Climate Smart Agriculture or other related areas based on the market scoping.
• Support in the research and development of IFC's value proposition for FIs on green finance and climate risk advisory including.
• Facilitate in developing specific climate finance and climate risk management advisory products/programs for identified clients of FIG – these include existing and potential/pipeline clients of FIG.
• Support IFC in specific sector mapping and portfolio/pipeline assessment exercises of green transformation to identify prospective partners and investments.
• Support IFC team to develop the business planning for the pilot projects/diagnostics/360 assessments of climate finance and climate risk management of selected FIs and provide related industry insights and recommendations.
• Support IFC team in conducting baseline assessment for FIs to obtain the bank's current situation, analyze market opportunity and provide recommendations.
• Scope technical and commercial market potential for green finance and identify opportunities relevant to IFC's FI clients, including formulation of motivation/drivers for end-users to implement climate friendly projects using FI's financing.
• Analyze the local policies and key priorities, and help IFC team liaise with policymakers, regulators to help shape enabling environment for scale up of sustainable finance and climate risk management practices.
• Assist organizing workshops, conferences and sectoral level learning events to further catalyze the green finance market and raise market awareness on climate risk management.
• Contribute to improving the enabling environment for green finance by engaging in policy dialogues with regulators and providing policy recommendations, in the area such as green bond, and facilitate partnerships among key stakeholders to promote dialogue and cooperation, to foster a coordinated approach to build a green finance ecosystem.
• Support the team in project delivery.
• Contribute toward the ongoing identification, development and implementation of innovative approaches, products and services supported through FIG Climate Finance Advisory.
• Knowledge Sharing and managing external/internal relationships as required.

IV. Deliverables/Specific Outputs Expected from Consultant
The STC will be required to provide monthly progress report on the tasks undertaken as per the above-mentioned scope of work.

Note: the 'Scope of Work' and 'Expected deliverables' are amenable to changes depending on the initial diagnostic of the client and the absorptive capacity of the client to incorporate and implement recommendations made under this assignment.

V. Experience and Qualifications

• Master's degree in Finance, Business, Engineering, Environmental Sciences, or Economics with a minium of 12-15 years of relevant experience with FIs and Banks in green banking/climate risk management/energy sector in developed and/or emerging markets.
• Strong knowledge and experience of green finance, climate risk management, clean/renewable energy and environmental markets in the region (especially in India, Bangladesh and Nepal) and other emerging markets; and knowledge of international best practices and global trends in the industry – including policy and regulatory environment
• Sound understanding of financial structures in climate as well as how FIs, NBFIs, insurance companies, capital markets, and other financial intermediaries typically work in the area of climate finance and climate risk management.
• Awareness/familiarity with IFC Climate Definitions and Guidance Notes, Green Bond Principles, and donor and bilateral programs in Climate Finance/Risk management including the capacity building and technical advisory initiatives.
• Ability to communicate ideas clearly and confidently, and credibly represent IFC with clients and stakeholders, including at the senior executive level.
• Excellent communication and presentation skills in English language skills are required.
• Fast learner, ambitious and self-starter.
• Willingness and ability to travel and work across time zones.

VI. Confidentiality
All data and information received from IFC for this assignment are to be treated confidentially and are only to be used in connection with the execution of these Terms of Reference. All intellectual property rights arising from the execution of these Terms of Reference are assigned to IFC. All materials produced or acquired under terms of this contract - written, graphic, film, magnetic tape, or otherwise - shall remain the property of IFC and may not be used for other purposes than the execution of these terms of references. The contents of written materials obtained and used in this assignment may not be disclosed to any third parties without the expressed advance written authorization of the IFC. The rights and duties provided for in this paragraph shall continue, notwithstanding the termination of the contract or the execution of its other provision.

VII. Possibility of Future Work
IFC sees the potential for work on other projects as a result of this engagement. As such, subject to satisfactory performance by the consultant in the initial project, the IFC management may consider the consultant for future projects to ensure high-quality work and team collaboration.

VIII. Duration of the Assignment
The contract is for 75 (Seventy-Five) billable days from July 2024 to Dec 2024 and is subject to renewal based on availability of funds and business need.

Please submit your CV with an application by email to Ms. Victoria Dimple Penheiro at [email protected] on or 9 May 2024 before 5.00 PM with specific email subject line "Application for Climate Specialist".