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Complaint > Real LRIF-01/Coban

Compliance Report: English

...climate review for each of the Fund’s target countries. Absent analysis of contextual and third party risk, IFC was not in a position to ensure that the mitigation measures proposed were commensurate to the client’s business needs (Sustainability Policy para. 35). IFC’s pre-investment review noted changes in requirements between its Sustainability Framework 2006 and the (then new) 2012 Framework. Specifically, IFC noted reputational risk associated with the 2012 requirement to disclose projects ...
IFC Compliance Advisor/Ombudsman - Guatemala - 2017