IFC Performance Standards
The International Finance Corporation Performance Standards (IFC-PS) set minimum requirements in terms of social, environmental, and corporate governance issues in projects primarily located in emerging markets in order to effectively manage related risks.
Performance Standard 1: Assessment and Management of Environmental and Social Risks and Impacts
... establishes the importance of (i) integrated assessment to identify the environmental and social impacts, risks, and opportunities of projects; (ii) effective community engagement through disclosure of project-related information and consultation with local communities on matters that directly affect them; and (iii) the client’s management of environmental and social performance throughout the life of the project.
Performance Standards 2 through 8: Specific policy guiding instruments governing environmental and social issues
... establish objectives and requirements to avoid, minimize, and where residual impacts remain, to compensate/offset for risks and impacts to workers, affected communities, and the environment.
- PS 2: Labor and Working Conditions
- PS 3: Resource Efficiency and Pollution Prevention
- PS 4: Community Health, Safety, and Security
- PS 5: Land Acquisition and Involuntary Resettlement
- PS 6: Biodiversity Conservation and Sustainable Management of Living Natural Resources
- PS 7: Indigenous Peoples
- PS 8: Cultural Heritage
While all relevant environmental and social risks and potential impacts should be considered as part of the assessment, PS 2 through 8 describe potential environmental and social risks and impacts that require particular attention. Where environmental or social risks and impacts are identified, the client is required to manage them through its Environmental and Social Management System (ESMS) consistent with PS 1.
Hydropower Evolutions is committed to meeting the requirements of the IFC Performance Standards in projects where we are engaged.