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IFC, Moroccan Clean Production Center Help Businesses Save Energy, Reduce Waste

Casablanca, Morocco, May 23, 2013— IFC, a member of the World Bank Group, and the National Moroccan Cleaner Production Center (CMPP) today signed an agreement that will help local companies embrace environmentally-friendly business practices, part of a wider effort to combat climate change and conserve energy.
The two organizations will join forces to show firms how they can save water, reduce waste, limit greenhouse gas emissions, and increase their energy efficiency. They will initially work with fish canneries and manufacturers in a Casablanca industrial park. The project is also designed to show other Moroccan businesses that cleaner production practices can be good for their bottom line.
“We have been helping and encouraging Moroccan companies to adopt cleaner production practices and use clean technologies for more than 10 years,” said Hanan Hanzaz, Director of CMPP. “This joint project will allow us to reach more clients, and help identify sustainable solutions to energy problems.”
The project is part of IFC’s efforts to encourage industry groups to adopt environmentally-friendly technologies and production processes. IFC also supports policy changes that help firms cut back on waste and improve their energy efficiency.
"The IFC has extensive experience in energy efficiency,” said Joumana Cobein, IFC Principal Country Officer in Morocco. "Through this partnership with CMPP we can support Moroccan companies and help them identify and mitigate the financial risks associated with climate change."
IFC has a long track record of supporting business solutions to climate change. Today, it is a leading innovator of clean energy products around the world, helping private sector clients to identify and respond to the financial risks of climate change.
About IFC
IFC, a member of the World Bank Group is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit .
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About the National Moroccan Cleaner Production Center
The National Moroccan Cleaner Production Center (Centre Marocain de Production Propre, or CMPP) is a non-profit association created under a public-private partnership between the Ministry of Commerce, Industry and New Technologies, the Department of Environment, and the General Confederation of Moroccan Enterprises. CMPP is the national reference center for cleaner production and a member of the global network for Resource Efficiency and Cleaner Production fostered by the United Nations Industrial Development Organization and the United Nations Environment Program. For more information, please visit www.cmpp.m a