IFC Disclosure Glossary

The Disclosure Glossary provides definitions for IFC documents and other types of information produced by IFC.

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Environmental & Social Categories

Environmental & Social Review Summary (ESRS)

For each proposed investment (other than investments expected to have minimal or no social and environmental adverse impacts, or investments in financial intermediary projects), IFC issues a brief summary of its review findings and recommendations; or an Environmental and Social Review Summary.

The ESRS includes the rationale for IFC's categorization of a project, a description for the main social and environmental risks and impacts of the project, and the key measures identified to mitigate those risks in a manner consistent with the Performance Standards, and are accordingly included in the client's Action Plan.


IFC Policy & Performance Standards

IFC Project Cycle or Investment Cycle

Summary of Proposed Investment (SPI)