IFC's Sustainability Framework : From Policy Update to Implementation

International Finance Corporation (IFC s) sustainability framework, which articulates our commitment to sustainable development and transparency. The performance standards are a vital part of the framework and address a range of environmental and social risks and opportunities faced by the private sector. This project highlights key environmental and social issues of current and emerging importance, including climate change, business and human rights, supply chain management, and biodiversity and ecosystem services. It discusses implementation challenges in the financial as well as the non-financial sectors, and summarizes some of the lessons learned through IFC s recent review and update of its sustainability framework. This project summarizes some of the key emerging issues in sustainability, and highlights valuable lessons learned from experience in applying sustainability principles. The subsequent sections attempt to capture the results of the review and update process, from the challenges of addressing emerging issues in the performance standards to the practical application of these principles across sectors in diverse circumstances. It focuses on key themes arising from the recently completed consultation process, and then highlights challenges moving forward in implementing sustainability standards.

Bibliographic Details

Main Author:	International Finance Corporation
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO INFORMATION, ACCOUNTING, ACTION PLAN, ACTION PLANS, ADVISORY SERVICES, ADVISORY WORK, AGRICULTURAL COMMODITIES, AUDITS, BEST PRACTICE, BEST PRACTICES, BIOLOGICAL DIVERSITY, BLOG, BUSINESS ACTIVITIES, BUSINESS ACTIVITY, BUSINESS ADVISORY, BUSINESS ASSOCIATIONS, BUSINESS CONTINUITY, BUSINESS DECISIONS, BUSINESS ENVIRONMENT, BUSINESS OPERATIONS, BUSINESS OPPORTUNITIES, BUSINESS ORGANIZATIONS, BUSINESS SUCCESS, BUSINESS TRANSACTIONS, BUSINESSES, BUYERS, CARBON, CASH FLOW, CHILD LABOR, CLIMATE, CLIMATE CHANGE, COMMERCIAL BANKS, COMMODITIES, COMMODITY, COMMUNITY ACCESS, COMMUNITY DEVELOPMENT, COMPARATIVE ADVANTAGE, COOPERATIVES, CORPORATE FINANCE, COST SAVINGS, CREDIT POLICY, CREDITS, DECISION MAKING, DEVELOPED COUNTRIES, DEVELOPMENT BANK, DEVELOPMENT BANKS, DEVELOPMENT EFFECTIVENESS, DEVELOPMENT FINANCE, DEVELOPMENT FINANCE INSTITUTIONS, DISCLOSING INFORMATION, DISCLOSURE REQUIREMENTS, DISCRIMINATION, DISPLACEMENT, DOCUMENT MANAGEMENT, DRIVERS, DUE DILIGENCE REQUIREMENTS, ECONOMIC ANALYSIS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC RECOVERY, ECONOMICS, ELECTRICITY, EMISSIONS, EMISSIONS LEVELS, EMPLOYEE, EMPLOYMENT, ENABLING ENVIRONMENT, ENERGY EFFICIENCY, ENERGY USE, ENVIRONMENTAL, ENVIRONMENTAL DEGRADATION, ENVIRONMENTAL IMPACTS, ENVIRONMENTAL SUSTAINABILITY, ENVIRONMENTS, EQUITY FUNDS, FAIR TRADE, FARMER, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL INVESTMENTS, FINANCIAL MARKETS, FINANCIAL RISKS, FINANCIAL SECTOR, FORCED LABOR, FORUM FOR WOMEN, FRESH WATER, GENDER, GENDER EQUALITY, GENDER ISSUES, GLOBAL MARKETPLACE, GLOBAL STANDARD, GLOBAL STANDARDS, GOOD FAITH, GREATER ACCESS, GREENHOUSE GASES, HOUSEHOLDS, HOUSING FINANCE, HUMAN RIGHTS, INCOME, INFORMATION POLICY, INNOVATION, INSTITUTION, INSTITUTIONAL CAPACITY, INSURANCE, INSURANCE COMPANIES, INTERNAL PROCESSES, INTERNATIONAL BANK, INTERNATIONAL BEST PRACTICE, INTERNATIONAL FINANCE, INVESTMENT BANKS, INVESTMENT DECISIONS, JOB CREATION, JOBS, KNOWLEDGE BASE, KNOWLEDGE SHARING, LABOR ORGANIZATION, LABOR STANDARDS, LAND USE, LEGAL TITLE, LISTSERV, MANAGEMENT SYSTEM, MANAGEMENT SYSTEMS, MARKET DEMANDS, MATERIAL, MEDIUM ENTERPRISES, MICROFINANCE, MICROFINANCE INSTITUTIONS, MIDDLE MEN, MIDDLEMEN, MIGRANT WORKERS, MONITORING MECHANISMS, MULTINATIONALS, NATURAL RESOURCES, NETWORKS, NEW MARKETS, NEXT GENERATION, OIL, ONLINE DISCUSSION, OPERATING COSTS, OPERATING ENVIRONMENT, OUTREACH, PEOPLES, PERFORMANCE STANDARD, PERFORMANCE STANDARDS, PHOTO, POLICY FRAMEWORK, POLITICAL INSTITUTIONS, POLLUTION, PORTFOLIO, PRIVATE EQUITY, PRIVATE SECTOR, PRIVATE SECTOR BANKS, PRIVATE SECTOR FIRMS, PRODUCTIVITY, PROFITABILITY, REGULATORY SYSTEMS, RESULT, RESULTS, RETAIL BANKING, RISK MANAGEMENT, RISK MITIGATION, RSS, SAFETY, SAFETY STANDARDS, SET OF STANDARDS, SITES, SOCIAL ISSUES, SOURCE OF INCOME, SUBSISTENCE FARMERS, SUPPLIERS, SUPPLY CHAIN, SUPPLY CHAIN MANAGEMENT, SUPPLY CHAINS, SUSTAINABILITY CONCEPTS, SUSTAINABLE DEVELOPMENT, SUSTAINABLE GROWTH, SUSTAINABLE MANAGEMENT, TARGETS, TOTAL COST, TRACEABILITY, TRADE UNIONS, TRAINING CENTERS, TRANSLATION, UNIVERSAL BANKS, USERS, USES, VALUE CHAIN, VENTURE CAPITAL, VENTURE CAPITAL FUNDS, VIDEO, VILLAGE, VULNERABLE GROUPS, WASTE DISPOSAL, WEB, WORKING CAPITAL, WORKING CONDITIONS,
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17462724/ifc s-sustainability-framework-policy-update-implementation-ifc s-sustainability-framework-policy-update-implementation https://hdl.handle.net/10986/16514
Tags:	Add Tag No Tags, Be the first to tag this record!