IFC’s Stakeholder Framework
IFC uses a stakeholder framework to assess our projects’ potential and actual impacts. This framework helps us understand who may gain and who may lose from a project, and it enables us to assess the distribution of impacts and arrive at an overall assessment of development impact on society.
Stakeholder Impacts: part of everyday business
Private sector projects affect a number of stakeholders in the natural course of business. A company makes a product to sell to consumers, using labor andpurchased supplies in a market with competitors. It operates in a place with neighbors. It pays taxes to (or receives subsidies from) the government.
IFC Stakeholder Framework
Impacts on various stakeholder groups can be mapped against our four performance dimensions. For example, a project’s environmental and social performance will be based on the positive and negative impacts on the neighbors to the project and the environment.