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International Finance Corporation

The IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries.
IFC and GRI
​IFC’s Sustainability Framework includes the Policy and Performance Standards on Social and Environmental Sustainability. It provides the private sector clients with a clear and comprehensive view of requirements early in their engagement with IFC.
The publication “Getting More Value out of Sustainability Reporting: Connecting IFC’s Sustainability Performance Standards and the GRI Reporting Framework”, links GRI’s Sustainability Reporting Framework and IFC’s Environmental and Social Performance Standards for private sector investment. The publication is a Good Practice Note emphasizing the value of integrating sustainability into core business strategy and management; a trend which is emerging as the new frontier for business competitiveness. It also responds to the pressing need for improvements in corporate transparency, both to restore trust in the private sector and to attract investment that is increasingly guided by environmental, social and governance (ESG) factors.