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
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