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

A joint submission by civil society organizations urging the International Finance Corporation (IFC) to update its sustainability and disclosure policies to reflect the UN Declaration on the Rights of Indigenous Peoples, human rights responsibilities, climate change urgency, and lessons from the financial crisis regarding private sector oversight.

• Civil society organizations argue that the IFC's current review process should address critical developments from the preceding three years, specifically the United Nations General Assembly's adoption of the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), the evolving responsibilities of private actors regarding human rights, the urgent necessity to address climate change, and the rise of new lending approaches.
• The submission asserts that the financial crisis demonstrated a requirement for transparent oversight, due diligence, and clear standards for private sector actors. The organizations claim that the IFC's 2006 approach—which increased flexibility in standards and shifted monitoring responsibilities to private sector clients—is inconsistent with lessons learned from financial risks and hinders the achievement of strong 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} }