Environmental and social impact assessment executive. May 31, 2012 proposed adoption and application of world bank performance standards for private sector projects supported by ibrdida 1. The 2012 ifc performance standard on indigenous peoples. Ifc general and sector specific environment, health and safety ehs guidelines of 2007 ifc ehs guidelines. Specifically here, ifc considers the tenor, type, size, and sector. Environmental and social management system esms plan. Ifc investments in mindoro resources limited philippines case of. Ifc has prepared a set of guidance notes, corresponding to the performance standards on environmental and social sustainability. The new performance standards went into effect in january 2012 and are applicable to a greater number of the ifcs investments than the 2006 performance standards, which only applied to project. As referenced in the 2012 ibc and ifc pdf download. Earlier versions of ifc s environmental and social policies, procedures, and standards are provided as. Ifc performance standards washington, dc april 19, 2011 strategic context the role of strategy in project selection 2 projects r change e 102012.
Ifc performance standard 6 ps6 has stringent requirements for such projects. Experience the power of digital with premiumaccess. Pdf ifc performance standards on environmental and social. Performance standard 2 labor and working conditions january 1, 2012 overview of performance standards on environmental and social sustainability 1. Ps6 is a good framework for managing risk, but the spirit in which issues are addressed is just as important. The international fire code ifc is in use or adopted in 42 states, the district of columbia, new york city, guam and puerto rico. Ifcs environmental and social performance standards define ifc clients responsibilities for managing their environmental and social risks. The client adopted the advice and implemented an appropriate action plan. Ifcs sustainability framework articulates the corporations strategic commitment to sustainable development, and is an integral part of ifcs approach to risk management.
The ifc performance standards are an international benchmark for identifying and managing environmental and social risk and has been adopted by many organizations as a key component of their environmental and social risk management. Ifc s sustainability framework articulates the corporations strategic commitment to sustainable development, and is an integral part of approach to risk management. The companies will incorporate ifcs performance standards on environmental and social sustainability into their management system and will conduct social and environmental due diligence to ensure compliance to the ifcs performance standards, for all new. Updated ifc performance standards summary and analysis of. Review of ifc performance standards and sustainability. Ifc performance standards first for sustainability. Topics include general precautions, emergency planning and preparedness, fire department access and water supplies, automatic sprinkler systems, fire alarm syste. Fundamentals of performance standard 6 key deliverables for ps6 compliance.
Agreed that the audit presents lessons to further improve ifcs development impact by identifying areas for. The sp standard and associated guidelines have been designed to conform to internationallyrecognised good practice for the management of social performance, notably the international finance. Acknowledged the advances ifc has made with performance standards through its riskbased approach and improvement in its internal processes, staff training and internal controls. The management complimented petrenel on its contribution towards safer operations and improving the companys environmental performance. Gender analysis of the ifc 2012 performance standards on. Pdf ifc performance standards on environmental and. Before 2006 safeguards designed for governmentled projects from 2006 performance standards private sector orientation focus on firms and management systems esms agreement on core principles outcome oriented ongoing engagement. As a model code, the ifc is intended to be adopted in accordance with the laws and procedures of a governmental jurisdiction. Ifc performance standards on environmental and social sustainability effective january 1, 2012 ifc performance standards on environmental and social sustainability b ifc performance sandards on environmenal and social susainabiliy i table of contents performance standards. It supports a new procedure that was designed to facilitate effective ifc trade unions engagement on ifc financed projects, and to systematize and accelerate ifc response to union communications on ps2. International finance corporation performance standards. Oct 14, 2017 ifc performance standards on environmental and social sustainability effective january 1, 2012 ifc performance standards on environmental and social sustainability b ifc performance sandards on environmenal and social susainabiliy i table of contents performance standards.
The ifc performance standards developed by the international finance corporation ifc are the most widely used assessment standard in international development financing. Simply set it and forget it, ensuring you never miss out on premium content and features as they are released. Ifcs environmental and social performance standards define ifc clients responsibilities for managing the environmental and social risks of their projects. The sustainability framework comprises ifcs policy and.
May 31, 2012 proposed adoption and application of world. Ifcs sustainability framework articulates the corporations strategic commitment to sustainable development, and is an integral part of approach to risk management. Et, the wayans brothers return with the inevitable sequel to the horrorflick parody that started it all. Implications and relevanceprotected areas cover around 15% of land and 5% of the ocean. Assessment and management of environmental and social risks and impacts.
Gender analysis of the ifc 2012 performance standards on environmental and social sustainability elaine zuckerman, president, gender action, december 2017 overall, the international finance corporation ifc the private sector financing arm of the world bank. Performance standard 1 assessment and management of. Updated ifc performance standards summary and analysis of social components the international finance corporation ifc has released its updated sustainability framework that will come into effect january 1, 2012, for projects and companies that have embraced the ifcs environmental and social performance standards. The performance standards may also be applied by other financial institutions. Standars yang dikeluarkan oleh ifc untuk environmental and social sustainability. Ifc environmental and social performance requirements. It is a part of ifcs effort to further strengthen implementation of ps2 at the local level. Updated ifc performance standards summary and analysis. The ifc is a member of the world bank group and is headquartered in washington, d. Performance standards and guidance notes 2012 edition. The performance standards provide guidance on how to identify risks and impacts and are designed to help avoid, mitigate, and manage them as a way of doing business in a more. Gender analysis of the ifc 2012 performance standards on environmental and social sustainability elaine zuckerman, president, gender action, december 2017 overall, the international finance corporation ifc the private sector financing arm of the world bank group that is playing an increasingly prominent role in group operations, hardly. See, proposed adoption and application of world bank performance standards for private sector projects supported by ibrdida.
International finance corporation ifc has prepared a set of guidance notes, corresponding to the performance standards on environmental and social sustainability. Throughout this code, the fire code official is authorized to grant approvals or permissions, promulgate standards, impose requirements, or exercise similar discretionary authorization over materials, personnel, activities or procedures. Ifcs environmental, health, and safety ehs guidelines provide technical guidelines with general and industryspecific examples of good international industry. Ifc performance standards the financial institution is required to verify as part of its environmental and social due diligence process that the activities of a clientinvestee are not on the ifc exclusion list and comply with applicable national environmental and social laws and the ifc performance standards.
For example, christian toto at rightwing site pajamas media concludes armored is an okay movie despite its mediocre script because it uses an antiwar refrain to set its story in motion, but ultimately showcases a soldiers strength and heroism in the explosive final reel. The implications for international investments as a result of the 2012 change to the ifc performance standards can be managed and adhered to without significant impact in so far as planning and early incorporation into investment decisions is made. Together, the eight performance standards establish standards that the client1 is to meet throughout the life of an investment by ifc. Ifc environmental and social performance requirements first. Performance standard 7 indigenous peoples january 1, 2012 overview of performance standards on environmental and social sustainability 1.
The ifc contains regulations to safeguard life and property from fires and explosion hazards. All astm standards referenced in the 2012 international building code and international fire code. It is a result of an ongoing dialogue between ifc and global unions. Choose 1 or 3year subscriptions, or take advantage of iccs newest option. Georgia state amendments to the international fire code. Guidance notes to performance standards on environmental. Beltran, senior environmental specialist environment, social and governance department, international finance corporation wbg. These guidance notes offer helpful guidance on the requirements contained in the performance standards, including reference materials, and on good sustainability practices to improve project performance. As a model code, the ifc is intended to be adopted in accordance with the laws and procedures of. The ifc performance standards, as revised in january 2012, provide project participants with instruments to structure, design, construct and manage the operations of projects in an environmentally and socially acceptable manner, while identifying measures to avoid or mitigate adverse impacts resulting from the projects. May 31, 2012 proposed adoption and application of world bank.
Performance standards on environmental and social sustainability january 1, 2012 overview of performance standards on environmental and social sustainability 1. Thats right, were showing scary movie 2 and youre definitely going to want to tune in to this one as the wayans take shots at the. Performance standards and guidance notes 2006 environmental, health, and safety guidelines. The international fire code, 2012 edition, published by the international code council, when used in conjunction ith thesew and any other georgia state amendments to the international fire code, 2012 edition, shall constitute the official georgia state minimum standard fire code. Ifc performance standards on environmental and social.
Ifc performance standards on environmental and social sustainability burmese abstract. Performance standard 2 labor and working conditions ifc. Assessment and management of environmental and social risks and impacts 5 performance. Performance standards and guidance notes 2012 2006 edition. Safeguard policies provided as reference material only.
The ifc performance standards help ifc and its clients manage and improve their environmental and social performance through an outcomesbased approach and also provide a solid base from which clients may increase the sustainability of their business operations. International finance corporation ifc performance standard 7 ps78 and the associated guidance note 7 gn7. The ifc performance standards which comprise the wb performance. Projects in or near protected areas are often controversial and attract close stakeholder scrutiny. Ifc the international finance corporation ifc is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. The new performance standards went into effect in january 2012 and are applicable to a greater number of the ifcs investments than the 2006 performance standards, which only. At this stage ifc performance standards ps 1 through 8 were expected to be applicable. Biodiversity conservation and living natural resources october 2015 raymi c. International environmental and social guidelines exim. The standards were revised in 2012 and since then they have also included extensive human rights aspects which are embedded in all eight performance standards. World bank management is seeking board approval of the application of the ifc performance standards, to be called world bank performance standards, to private sector projects supported by ibrdida.
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