Revision of IFC Performance Standards must include highest human rights and environmental due diligence standards

Leading environmental and human rights NGOs are urging the World Bank and the International Finance Corporation (IFC) to strengthen their Sustainability Framework and Environmental and Social Performance Standards, ensuring they meet the highest environmental, social, and governance criteria. As initiatives like the Minerals Security Partnership advance to secure transition mineral supplies, it is crucial that these projects uphold rigorous standards. 

The coalition calls for key improvements, including adopting a Human Rights-Centered Approach, enhancing transparency and compliance through stronger audits, and improving access to remedy mechanisms for affected communities.