The Social Responsibility Program is responsible for:
developing projects to help IFC clients and the private sector better manage the social dimensions of doing business and adopt corporate strategies to mitigate social and environmental impacts, realize opportunities, and reduce risks of market exclusion
identifying and defining the business case for responsible business practices
disseminating and replicating those practices and findings throughout the private sector in emerging markets
Social Responsibility delivers these objectives through four program areas:
Community Investment Strategies
Corporate Social Responsibility (CSR) Strategies and Sustainability Reporting
Competitiveness through Labor Standards
Business and Human Rights
The Program is available to IFC clients who want to realize opportunities to grow their business through enhanced social and environmental performance. It encourages innovation through the development of strategies, new processes, or services related to social responsibility. It addresses social challenges with long-lasting impact on affected stakeholders. As per IFC’s pricing policy, participating companies must cost-share for all private benefits accrued to their enterprise.
The Program currently focuses its work on general manufacturing and the extractive sectors - where demand is particularly high - though it is still available in other sectors. It is currently active in:
Brazil
Cambodia
China
Colombia
Haiti
India
Jordan
Mexico
Vietnam
The team continues to explore ways to become more proactive in Sub-Saharan Africa, South and East Asia, and the Middle East and North Africa regions.