Learning & Adapting

IFC'S SUCCESS AS A DEVELOPMENT INSTITUTION REFLECTS MORE THAN HALF A CENTURY OF EXPERIENCE IN PRIVATE SECTOR DEVELOPMENT IN EMERGING MARKETS.

That experience has given us a large body of knowledge—particularly with environmental and social sustainability, and corporate governance—that we share with our clients and others. We expand our knowledge base with each new investment we undertake.

We learn from our experience. We are continually improving our procedures, good-practice guidance, and learning materials based on our engagement with partners, our analytical work, and our operational experience. We also help clients understand and find solutions to difficult challenges they face.

DIALOGUE WITH STAKEHOLDERS

IFC systematically seeks feedback from stakeholders. This is critical to our ability to deliver results.

Through regular consultations and partnerships with civil society organizations, the private sector, and others, we form a continuous feedback loop with our stakeholders about key sustainability issues. We receive valuable feedback regarding our work. We believe that over time, this increased—and ongoing—dialogue and partnerships  results in better project outcomes, increased awareness on the part of affected communities, and stronger relationships with stakeholders.

 

MANAGING E&S RISKS IN FINANCIAL INTERMEDIARIES

 

INITIATIVES WE SUPPORT

Principles for Responsible Investment

The United Nations-supported Principles for Responsible Investment (PRI) Initiative is an international network of investors working together to put the six Principles for Responsible Investment into practice. Its goal is to understand the implications of sustainability for investors and support signatories to incorporate these issues into their investment decision making and ownership practices.

 

UN Global Compact

UN Global Compact is a strategic policy initiative for businesses that aim to align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption.

 

Global Reporting Initiative

The Global Reporting Initiative (GRI) promotes the use of sustainability reporting as a way for organizations to become more sustainable and contribute to sustainable development.​ Its Framework is a reporting system that provides metrics and methods for measuring and reporting sustainability-related impacts and performance.

 

Roundtable on Sustainable Palm Oil

The Roundtable on Sustainable Palm Oil (RSPO) is an international multi-stakeholder organization and certification scheme that advances the production, procurement, finance and use of sustainable palm oil products.

 

Related Links

Knowledge Products

IFC Environmental and Social Update

IFC Environmental and Social Lessons Learned

Listening, Learning and Adapting: Update on Improving IFC’s Approach to Environmental and Social Risk Management