IFC discloses 2011 Performance Standards

IFC disclosed its 2011 Sustainability Framework (that includes the IFC Performance Standards) which will become effective on January 1, 2012. They contain strengthened aspects related to transparency, climate change, business and human rights, biodiversity and supply-chain management.

IFC's fact sheet summarizing key changes can be downloaded here. Prizma will continue to offer its updated 1-day training courses on IFC Performance Standards and the Equator Principles. These courses have been successfully delivered as in-house and open courses over a dozen times in Canada, China, Panama, Peru and the UK. Please download our course brochure here.

Which one of the new elements of the IFC Performance Standards will cause the biggest challenge for project developers, including those in the extractive sector?

About the author: Mehrdad Nazari (MBA, MSc, LEAD Fellow) is a Corporate Responsibility, Sustainability Reporting & ESIA Advisor, and Director of Prizma. He was previously an environmental consultant with Dames & Moore, Principal Environmental Specialist at the EBRD and CSR Research Director at CoreRatings. Mehrdad is also a GRI-approved trainer on GRI's sustainability reporting framework and a licensed AA1000 Assurance Provider.