The subject of ifc performancestandards on environmental and social encompasses a wide range of important elements. PerformanceStandards on Environmental and Social Sustainability ... IFC is updating its Sustainability Framework, which includes its Performance Standards, to strengthen its approach and better align it with the challenges of today’s dynamic and complex global environment. IFC Performance Standards – The Environment Consultant. The IFC Performance Standards provide a set of guidelines that outline the necessary steps to manage environmental and social risks effectively. These standards are designed to help businesses and stakeholders assess and mitigate potential impacts that could arise from development projects.
IFC Environmental and Social Performance Standards - PPIAF. IFC Performance Standards. IFC Performance Standards PS1: Assessment and Management of Environmental and Social Risks and Impacts PS5: Land Acquisition and Involuntary Resettlement PS2: Labor and Working Conditions PS3: Resource Efficiency and Pollution Prevention IFC’s Sustainability Framework articulates the Corporation’s strategic commitment to sustainable development, and is an integral part of IFC’s approach to risk management..
Moreover, for this purpose, the IFC has developed a set of 8 performance standards on environmental and social sustainability. The IFC performance standards are designed to help companies manage the environmental and social risks associated with their projects, and to ensure that these risks are mitigated. The Sustainability Framework comprises IFC’s Policy and Performance Standards on Environmental and Social Sustainability, and IFC’s Access to Information Policy.
Moreover, recognizes that protecting and conserving biodiversity, maintaining ecosystem services, and managing living natural resources adequately are fundamental to sustainable development. It also sets clear monitoring and mitigation requirements for projects according to the type of environmental setting. Performance Standard 7: Indigenous Peoples Moreover, 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. A new world: future-proofing the IFC Performance Standards.
Guiding more than $4.5trn (£3.3trn) in emerging market investments, the International Finance Corporation (IFC) Performance Standards (PS) have been instrumental in shaping environmental and social (E&S) risk management for over a decade.
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