Update of IFC's Sustainability Framework

IFC is updating its Sustainability Framework to strengthen its approach and better align it with the challenges of today’s dynamic and complex global environment. The update provides an opportunity to develop and adopt an E&S policy framework reflecting a fit-for-purpose approach that is commensurate with the scale and complexity of the World Bank Group’s private sector financial products and portfolio, and which can address complex emerging E&S risks and global challenges.

Given the alignment between IFC’s and MIGA’s respective Sustainability Frameworks, the two institutions will collaborate closely throughout the review and update process. The update also presents an opportunity to explore further harmonization of the World Bank Group’s E&S requirements.

IFC is committed to a collaborative and transparent review process, following a structured consultation approach. The process will be conducted in two phases:

• Phase I: Dialogue Phase (9-12 months, anticipated to conclude between January and March 2026)
• Phase II: Public Consultation Phase (anticipated: April 2026-March 2028)

For more information on the proposed approach, methodology, and timeline for the update, please refer to the Approach Paper and Stakeholder Consultation Framework.