IFC applies to all the projects it finances environmental and social standards to minimize their impact on the environment and on affected communities.

In February 2006, IFC completed a rigorous process of updating its standards. The standards are stronger, better and more comprehensive than those of any other international finance institution working with the private sector. They clearly define the roles and responsibilities of IFC and its client companies.

IFC environmental and social policies and procedures:

Policy on Social and Environmental Sustainability - defines IFC's role and responsibility in supporting project performance in partnership with clients

Disclosure Policy - defines IFC's obligations to disclose information about itself as an institution and its activities

Environmental and Social Review Procedure - gives direction to IFC officers in implementing the Policy on Social and Environmental Sustainability and reviewing compliance and implementation by private sector projects

Client requirements:

Performance Standards - defines clients' roles and responsibilities for managing their projects and the requirements for receiving and retaining IFC support. The standards include requirements to disclose information.

Guidance:

• Guidance Notes - companion documents to the Performance Standards providing guidance to clients (and IFC staff) in meeting the standards

• Glossary of Terms (PDF, 83kb) - a reference to many of the terms included in IFC's Policy and Performance Standards on Social and Environmental Sustainability and IFC's Guidance Notes to the Performance Standards

• Environmental, Health and Safety Guidelines - technical guidance informing those parts of the new policy structure related to environmental, health and safety issues