How many Performance Standards does the IFC have?

The International Finance Corporation (IFC) has developed a comprehensive set of Performance Standards to guide its clients in managing environmental and social risks. The correct number of Performance Standards that the IFC adheres to is eight. These standards are designed to support the development of sustainable projects by addressing risk management in various sectors, including labor and working conditions, resource efficiency, pollution prevention, community health and safety, and land acquisition and involuntary resettlement, among others.

Each Performance Standard serves as a framework for clients to identify, assess, and manage their environmental and social risks in a way that aligns with IFC’s goals for sustainable development. The eight Performance Standards provide a robust approach for companies to enhance their sustainability practices while ensuring compliance with international standards.