An environmental and social category is assigned to an investment project after appraisal and before public disclosure during the IFC project/investment cycle.
Projects are assigned a category of A, B, or C, in descending order of environmental and social sensitivity, or FI, in the case of financial institutions that on-lend to clients who may present environmental and social concerns.
Category A projects require a minimum 60-day disclosure period. All other projects require at least 30 days.
CATEGORY A Projects expected to have significant adverse social and/or environmental impacts that are diverse, irreversible, or unprecedented.
CATEGORY B Projects expected to have limited adverse social and/or environmental impacts that can be readily addressed through mitigation measures.
CATEGORY C Projects expected to have minimal or no adverse impacts, including certain financial intermediary projects.
CATEGORY FI Investments in Financial Intermediaries that themselves have no adverse social and/or environmental impacts but may finance subprojects with potential impacts.