We feel that meaningfulness of IFC Performance Standards is best being demonstrated through real case studies (business case). Therefore, we have prepared a series of such studies which cover all 8 performance standards as well as all typical risk scenarios (boycott, protest, negative media, closure, accidents, etc.) and all relevant geographical areas (Asia, Africa, Latin America, Eastern Europe). All cases are real, even if names needed to be masked for confidentiality reasons.
Case studies IFC PS to come
Eco lodge under pressure from local communities
What looks particularly promising on the environmental side, can have challenges on the social side. Even ECO-lodges demand a full scale E&S due diligence to get a complete picture of issues involved.
Accidental pollution of downstream National park
A Southeast Asian financial institutions client company (chemical industry) has leaked polluted water into a neighboring river. River flows directly into a national park where it kills wildlife. Risks had been identified during due diligence and first disbursement halted when the accident happened.
Burgeoning protest culture in South Asia (Textile Industry)
Workers in South Asia are increasingly getting self-confident and demand their rights. This development is supported by incidents like the collapse of textile factories in Bangladesh.
Government shutting down slaughterhouses
The local environmental authorities ordered the Mombasa Slaughterhouse in Mnagoni and the Mariakani Slaughterhouse, to cease operations until all the environmental and health standards are met.
Smoking factory going bancrupt (Paper Mill)
In this project Kenyan based NGOs lodged a complaint with Compliance Advisor Ombudsman of IFC on behalf of residents of a neighboring town. The complaint raised concerns about the environmental and social impacts of the paper mill, and questions about the disclosure of information about the company’s activities.
Fair Trade flower production and export
Company uses the fair trade model to manage E&S issues properly, thereby receiving a premium for their flower products from the export markets.
Large scale african infrastructure developer
The company was expected to become a premier infrastructure developer in Africa and was pursuing a select number of high-impact, large scale transport infrastructure projects. CAO received a complaint raising labor issues regarding unpaid salaries and expenses owed to employees of the company.
Bolivian Mine not sufficiently involving indigenous people
This Bolivian mine has been confronted with concerns related to quality of Environmental Impact Assessment (EIA), consultation and disclosure of information to indigenous communities and compensation issue.
The spirit of Bujagali (Cultural Heritage)
The construction of a Hydroelectric Power Plant in Eastern Africa raised serious concern amongst local populations in relation to cultural and spiritual effects.
The chocolate industry has a century-long history of forced and child labor. Global chocolate companies are asked to do more to stop children working on cocoa farms in West Africa.
Palm Oil Plantations
Not all palm oil production is sustainable. Monoculture palm oil plantations have displaced important tropical forests and other ecosystems with high conservation values…with issues relating to social problems.
Workers Sabotage Toll Road (Infrastructure)
The internationally renowned ABC bank has invested 30 Mio US$ into a 120 km toll road project in Southern India. The moment construction began it became clear that the scope of the ESIA had been too narrow and not fully in line with the requirements of the IFC Performance Standards.
Please contact us for the development of new and tailor-made case studies on
E&S management systems for financial institutions
Portfolio analysis, policy and procedure development, E&S tools and questionnaires used, integration into credit manuals, monitoring
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E&S management of investment projects in different sectors
Overview of transaction, key E&S issues, client ability to identify and manage E&S risks, lessons learnt, impact on financial institutions
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