The Sustainability Framework articulates IFC's strategic commitment to sustainable development and is an integral part of our approach to risk management.
Our Sustainability Framework helps our clients do business in a sustainable way. It promotes sound environmental and social practices, encourages transparency and accountability, and contributes to positive development impacts. IFC's Performance Standards, which are part of the Sustainability Framework, have become globally recognized as a benchmark for environmental and social risk management in the private sector.
Originally adopted in 2006, the Sustainability Framework has recently been updated following an 18-month consultation process with stakeholders around the world.
Effective on January 1, 2012, our updates reflect the evolution in good practice for sustainability and risk mitigation over the past five years. They incorporate modifications on challenging issues that are increasingly important to sustainable businesses, including supply-chain management, resource efficiency and climate change, and business and human rights.