IFC Performance Standards on Environmental and Social Sustainability
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The Environmental and Social Performance Standards of the International Finance Coalition (IFC) define IFC clients’ responsibilities for managing the environmental and social risks of their projects. The Performance Standards provide guidance on how to identify risks and impacts and are designed to help avoid, mitigate and manage risks and impacts as a way of doing business in a more sustainable way. Since 2012, the Standards apply to all IFC clients whose projects go through IFC’s initial credit review process.
The Performance Standards provide guidance on how to identify sustainability risks and impacts and are designed to help avoid, mitigate, and manage them as a way of doing business in a more sustainable way.
The tool encompasses eight sustainability standards:
– Risk management
– Resource efficiency
– Land resettlement
– Indigenous people
– Cultural heritage