IFC - International Finance Corporation

01/15/2026 | Press release | Distributed by Public on 01/15/2026 02:31

IFC partners with Sify Infinit Spaces to Provide Sustainability-Linked Financing Advisory Services for its Data Center business

Singapore/Chennai, January 15, 2026: Sify Infinit Spaces Limited (SISL), a wholly owned subsidiary of Sify Technologies Limited, has signed an Engagement Letter with the International Finance Corporation (IFC), a member of the World Bank Group, to provide Sustainability-Linked Financing (SLF) advisory services for SISL projects.

SISL is a leading data center services provider in India, serving Indian and global enterprise customers and hyperscalers through its 14 operational data centers across the country.

IFC will provide technical advisory support to SISL for its maiden Sustainability-Linked Bond-strengthening clean energy integration, responsible infrastructure development and broader social priorities such as job creation and workforce development, while scaling resilient digital infrastructure.

The adoption of artificial intelligence and digitalization has significantly increased demand for computing power, accelerating data center expansion in India and globally and intensifying sustainability considerations. As the third largest data center services provider in India, SISL has initiated several measures to improve resource efficiency and set sustainability targets aligned with India's energy ambitions, reinforcing its commitment to long-term sustainable growth.

The engagement will include the identification of key performance indicators (KPIs), design of sustainability performance targets (SPTs), and assistance in developing sustainability linked financing framework for Sify's maiden sustainability-linked bond.

Commenting on the engagement, Mr. Ganesh Sankararaman, CFO, SISL said, "IFC will provide sustainability advisory services to SISL with the objective of assisting our company in strengthening its sustainability and governance frameworks. IFC's sustainability advisory offerings engagement is the latest of several independent endorsements of SISL's sustainability journey. The company expects that the outcome of this engagement will strengthen its ongoing efforts to align capital raising strategies with sustainability considerations as it continues to scale its data center footprint and plan for long-term future growth."

Victoria Delmon, Manager, Upstream and Advisory, Asia Infrastructure, IFC said, "We are pleased to engage with Sify, a leading contributor to India's digital infrastructure as it plans to go public. IFC's advisory services are a critical part of our strategy to open new sectors and help the private sector mobilize funding from capital markets. Through this engagement, IFC will support SISL in strengthening its sustainability strategy and developing a sustainability-linked financing framework aligned with international best standards. This will help set a replicable model for similar future financing, enhance India's digital resilience, and deliver long-term economic and social impact."

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