This report documents how the World Bank Group has sought to be an active partner in implementing the "Rio imperatives." It is divided into three parts. Part 1 explores progress in activities specifically targeted toward improving the environment. This includes an analysis of the Bank's growing loan portfolio of environmental projects ... and of the Bank's roles as an implementing agency of the Global Environment Facility (GEF) and of the Montreal Protocol. Part 2 asks a broader question: How are environmental concerns being incorporated throughout all of the Bank's activities? It provides a preliminary "green accounting" of the $67 billion that the Bank has committed in the preceding 3 years. Part 3 documents the environmental programs of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).