IFC’s Environmental, Social, and Trade (EST) Standards teams work with firms to improve performance and reduce cost through implementation of good practices and efficient verification and certification schemes in their supply chain. At a sector level, we increase access to markets for firms by setting, adopting, and deploying internationally-recognized standards that address environmental and social issues in different sectors. Examples of these issues include child labor, gender-appropriate labor practices, biodiversity protection and sustainable land management.
How we do it
IFC works with public and private stakeholders to increase the adoption of standards by:
Demonstrating to firms the benefits of standards through the implementation of good practices,
Training firms and their supply chains on adopting standards,
Promoting the adoption of standards among firms, governments, and NGOs,
Undertaking benchmark of standards to promote harmonization, reduce cost of duplication and increase knowledge,
Collaborating with financial institutions, industry groups, and other market aggregators to scale up investment in standards adoption,
Promoting and developing standards for different industry sectors, such as the Roundtables for agri-commodities,
Analyzing and supporting policy and regulatory needs on standards, such as Food Safety and national interpretation of international standards.
Environmental, Social, and Trade Standards Resources