INTERNATIONAL FINANCE CORPORATION PERFORMANCE STANDARD
BASE DOCUMENT Performance Standards on Social and Environmental Sustainability - 2012
CONTEXTUALIZATION The Intenational Finance Corporation - IFC is a member organization of the World Bank. Its objective is to promote economic development by financing private sector businesses in developing countries. IFC was founded in 1956, is present in 184 countries, and operates in more than 100 countries. In the year 2022, it executed the amount of US$ 32.8 billion in investments. Of this amount, in Brazil in 2022, US$ 4.22 billion were invested in various segments. IFC raises credit by issuing bonds in the international capital markets to finance projects. The credit reverted to low-cost financing. Its main activity is in socially responsible investment through roles linked to sustainable indicators. Specifically in the area of sustainability, it is present through programs for the issuance of Green Bonds for projects related to Climate Change, and Social Bonds for projects that address social issues. Both programs are aligned with the IFC's Green Bond Principles and Social Bond Principles. At the same time, there are other forms of financing, but all must comply with certain standards developed by the IFC. IFC-funded projects must comply with the organization's Performance Standards (PS). These PS consist of documents with criteria of: Assessment and Management of Social and Environmental Risks and Impacts Conditions of Employment and Work Resource Efficiency and Pollution Prevention Community Health and Safety Land Acquisition and Involuntary Resettlement Biodiversity Conservation and Sustainable Management of Living Natural Resources ● Indian people ● Cultural heritage ● ● ● ● ● ●
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