Professional services to support IFC’s DRIVE Upstream Advisory
Description
SELECTION OF CONSULTING FIRMS BY THE WORLD BANK GROUP
REQUEST FOR EXPRESSION OF INTEREST (EOI)
Electronic Submissions through
WBGeProcure RFx Now
ASSIGNMENT OVERVIEW
Assignment Title: Professional services to support IFC’s DRIVE Upstream Advisory
ASSIGNMENT DESCRIPTION
In 2023, IFC developed the GRIP (Greening Real Estate Investment Portfolios) upstream advisory service to deliver an integrated service to large real estate asset owners, operators, and investors. GRIP helps define clear interim targets to achieve net zero in alignment with the Paris Agreement, using portfolio-level decarbonization strategies supported by IFC’s financing and mobilization capabilities.
Since its inception, GRIP has worked on engagements with 15 large real estate organizations across emerging markets, impacting over 50 million square feet of gross leasable area, supporting more than US$2.5 billion in associated investments.
Transition to DRIVE
Effective January 1, 2026, GRIP has been rebranded under the name DRIVE (Decarbonizing Real Estate for Impact & Value Enhancement). The rebranding emphasizes portfolio-wide decarbonization objectives, distancing from the narrower “greening” terminology that is often associated with single-asset improvements. DRIVE directly aligns with IFC’s strategic objective to reduce carbon emissions across real estate portfolios at scale.
DRIVE introduces the DRIVE to ZERO Readiness Score - a quantifiable metric assessing client portfolio decarbonization readiness both before and after engagement. This addresses a key gap in GRIP, which lacked a standardized numerical metric to measure advisory outcomes. The Score also aligns with clients’ Net Zero goals and IFC’s Paris Alignment benchmark, enabling IFC and its clients to track, communicate, and validate portfolio-wide decarbonization progress over time.
SUBMISSION REQUIREMENTS
The World Bank Group invites eligible firms to indicate their interest in providing the services.
Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals).
Please note that the total size of all attachments should be less than 5MB. Firms may associate to enhance their qualifications unless otherwise stated in the solicitation documents. Where a group of firms associate to submit an EOI, they must indicate which is the lead firm. If shortlisted, the firm identified in the EOI as the lead firm will be invited to the request for proposal (RFP) phase.
Expressions of Interest should be submitted, in English, electronically through
WBGeProcure RFx Now
NOTES
Following this invitation for EOI, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.
Only those firms which have been shortlisted will be invited to participate in the RFP phase. No notification or debrief will be provided to firms which have not been shortlisted.
If you encounter technical difficulties while uploading documents, please send an e-mail to the Help Desk at
corporateprocurement@worldbank.org
prior to the submission deadline.
About This Opportunity
This is a consulting contract in the governance and public administration sector. Located in Regional, Asia, this opportunity is open to firms and consortiums. Proposals must be submitted before May 29, 2026.
Published through WB eGP - World Bank e-Government Procurement, a multilateral development bank that follows standardized international procurement guidelines. Projects funded by multilateral institutions are generally open to international bidders from eligible member countries for consulting in the governance and public administration sector. Consulting assignments are typically evaluated with a strong emphasis on the technical proposal, including the methodology and qualifications of key experts. Shortlisted firms may be invited to submit financial proposals in a second stage. Interested parties should review the full documentation on the original source before submitting their proposal.