Submission by Civil Society Organizations to the International Finance Corporation Commenting on the Social and Environmental Sustainability Policy, Performance Standards, and Disclosure Policy

Civil society organizations are calling for the International Finance Corporation (IFC) to update its Social and Environmental Sustainability Policy and Performance Standards. They argue that the current framework fails to account for the UN Declaration on the Rights of Indigenous Peoples, the urgent need to address climate change, and the lessons of the financial crisis regarding the risks of shifting monitoring responsibilities to private sector clients.

• The submitting organizations identify several critical global developments that necessitate a review of IFC policies, specifically the adoption of the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), a better understanding of private sector human rights responsibilities, and the "urgent need to respond to climate change".
• The authors argue that the IFC's 2006 approach of increasing flexibility in standards and shifting monitoring and supervision duties to private sector clients is "clearly inconsistent" with lessons learned from the financial crisis and jeopardizes development outcomes.

APA

Center for International Environmental Law (2010). Submission by Civil Society Organizations to the International Finance Corporation Commenting on the Social and Environmental Sustainability Policy, Performance Standards, and Disclosure Policy. https://www.ciel.org/reports/submission-by-civil-society-organizations-to-the-international-finance-corporation-commenting-on-the-social-and-environmental-sustainability-policy-performance-standards-and-disclosure-policy-march-2/

Chicago

Center for International Environmental Law. Submission by Civil Society Organizations to the International Finance Corporation Commenting on the Social and Environmental Sustainability Policy, Performance Standards, and Disclosure Policy. 2010. https://www.ciel.org/reports/submission-by-civil-society-organizations-to-the-international-finance-corporation-commenting-on-the-social-and-environmental-sustainability-policy-performance-standards-and-disclosure-policy-march-2/.

Wikipedia

{{cite press release |author=Center for International Environmental Law |title=Submission by Civil Society Organizations to the International Finance Corporation Commenting on the Social and Environmental Sustainability Policy, Performance Standards, and Disclosure Policy |date=1 March 2010 |url=https://www.ciel.org/reports/submission-by-civil-society-organizations-to-the-international-finance-corporation-commenting-on-the-social-and-environmental-sustainability-policy-performance-standards-and-disclosure-policy-march-2/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{centerforinternationalenvironmentallaw2010submission, author = {{Center for International Environmental Law}}, title = {{Submission by Civil Society Organizations to the International Finance Corporation Commenting on the Social and Environmental Sustainability Policy, Performance Standards, and Disclosure Policy}}, publisher = {Center for International Environmental Law}, year = {2010}, month = mar, url = {https://www.ciel.org/reports/submission-by-civil-society-organizations-to-the-international-finance-corporation-commenting-on-the-social-and-environmental-sustainability-policy-performance-standards-and-disclosure-policy-march-2/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }