IFC and MIGA put into practice their commitments to environmental and social (E&S) sustainability through its Sustainability Frameworks, which consist of three key components:
- Policy on Environmental and Social Sustainability (Sustainability Policy), which outlines IFC and MIGA’s commitments relating to E&S sustainability due diligence and supervision;
- Performance Standards on Environmental and Social Sustainability (Performance Standards), which establish the standards that IFC and MIGA clients must apply as they undertake activities financed by them and define clients’ roles and responsibilities with respect to E&S risk management; and
- Access to Information Policy (AIP), which defines the scope of information that IFC and MIGA make available to the public.
- Overview
- Phase I: Dialogue
- Phase II: Consultation
IFC and MIGA are updating their Sustainability Frameworks to strengthen their approach and better align it with the challenges of today’s dynamic and complex global environment. The update provides an opportunity to develop and adopt an E&S policy framework reflecting a fit-for-purpose approach that is commensurate with the scale and complexity of the World Bank Group’s private sector financial products and portfolio, and which can address complex emerging E&S risks and global challenges.
. The update also presents an opportunity to explore further harmonization of the World Bank Group’s E&S requirements. IFC and MIGA are committed to a collaborative and transparent review process, following a structured consultation approach. The process will be conducted in two phases:
- Phase I: Dialogue Phase (anticipated to conclude in October 2026)
- Phase II: Public Consultation Phase (anticipated to commence in October-December 2026)
For more information on the proposed approach, methodology, and timeline for the update, please refer to the Approach Paper and Stakeholder Consultation Framework.
The first phase will focus on establishing the foundation and approach for engagement, and gathering broad and diverse input on the overall consultation process proposed, as well as specific thematic E&S and transparency issues. Details regarding Phase I are found in the Stakeholder Consultation Framework.
The feedback collected during this phase will help inform the first draft of the updated Sustainability Framework. At the conclusion of Phase I, the following will be disclosed:
- A summary of outcomes from Phase I
- Stakeholder Consultation Plan with further detail on the implementation of Phase II
Presentations
- 2026 Spring Meetings CSO Information Session Presentation: This session provided an update on the IFC/MIGA Sustainability Framework Update process to date, including an overview of high-level feedback received since the previous information session and a summary of changes introduced in the updated IFC Disclosure Portal.
- 2025 Annual Meetings CSO Information Session Presentation: This session provided an update on the IFC/MIGA Sustainability Framework Update process, summarizing engagements held with Civil Society Organizations from April to October 2025, presenting high-level feedback from the Phase 1 Dialogues, and detailing the next steps.
- 2025 Spring Meetings CSO Information Session Presentation: Upon the launch of the IFC/MIGA Sustainability Framework Update, this session provided an overview of the planned update process.
In the second phase, the first draft of the updated Sustainability Framework will be released for global public consultation. This phase will include two rounds of consultations, with the timeline for each round defined in the Stakeholder Consultation Plan developed in Phase I.
Detailed information about the consultations, including engagement platforms, locations, dates, and format of engagements will be announced on this portal.
At the conclusion of Phase II, the updated Sustainability Framework will be published along with a summary of the comments received during the first round of consultations.
Expected Timeline
Expected Timeline
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Last updated: June 2026