Creating Opportunity Where It's Needed Most
A A A share

IFC Sustainability Framework

Phase I Outcomes

Phase I Consultations: September 14 – November 13, 2009


Popular downloadsKey Reports & Summaries
Progress Report on Phase I of Consultation - January 11, 2010 [PDF, 157kb]
View all Phase I-related documents
View complete list of past events

During the Phase I consultation period, IFC held over 55 consultation meetings, including three open sessions in Istanbul, Washington, D.C., and Brussels and one External Advisory Group meeting.

In total, IFC met over 500 stakeholders from a range of backgrounds and regions, including multilateral banks, bilateral banks, commercial financial institutions including the Steering Committee of Equator Principles Financial Institutions (EPFIs), trade unions, select UN agencies, Indigenous Peoples, conservation organizations, business associations, individual companies, the NGO and CSO community, World Bank Group colleagues and the External Advisory Group.

Phase I consultations focused on obtaining feedback in the following areas:

  • Clarity of Language: IFC sought advice on how to increase clarity and reduce ambiguity in language wherever necessary.
  • Implementation Effectiveness: IFC sought suggestions on how to improve implementation, especially from those who have implemented the Performance Standards on projects, or from those who have been directly impacted by projects that implemented the Performance Standards.
  • Gaps in Current Coverage: IFC sought help in identifying missing areas and accompanying guidance on ways to implement new requirements on the ground.

IFC used the report IFC's Policy and Performance Standards on Social and Environmental Sustainability and Policy on Disclosure of Information: Report on the First Three Years of Application [PDF] to begin the dialogue. During this period IFC also collected stakeholders' views on the consultation process outlined in the Approach to Consultation and Engagement paper [PDF] and also on the methodology to select projects for community consultations [PDF].



Stay Connected