How does IFC apply its Environmental and Social Performance Standards?
IFC’s Environmental and Social Performance Standards lay out specific requirements for client companies. IFC reviews all of its investments to ensure they are consistent with these standards, and does not finance new business activities that cannot be expected to meet them over a reasonable period of time. The quality and management capabilities of the client are very important factors in IFC’s decision to invest. IFC develops financial relationships with companies that fully commit to meeting their social and environmental responsibilities, that are willing to work closely with IFC to integrate and respect IFC’s standards all throughout the life of the project and beyond, and that understand the long-term benefits of managing their social and environmental risks and impacts.
Related Questions
- Why does the IFC have a different set of environmental and social Performance Standards from the World Bank, and how do they differ from the World Bank safeguard policies?
- Why is IFC conducting a review and update of the IFC Policy and Performance Standards on Social and Environmental Sustainability and Policy on Disclosure of Information?
- How does IFC apply its Environmental and Social Performance Standards?
