Hazardous Materials (IFC Performance Standard 3)is an indicator of
This indicator relates to an organisation's Hazardous Materials Management and is a component of IFC Performance Standard 3 (Resource Efficiency and Pollution Prevention). Organisations must avoid the release of hazardous materials where possible. If this is not possible, organisations must minimise and control release of hazardous materials. Alternatives to hazardous materials used during production must be considered, for example, alternatives to asbestos or toxic refrigeration chemicals. Where international bans or phase-outs of toxic substances are in effect, organisations will refrain from using these. Other Performance Standards may also be applicable to a project. The Performance Standards are required for clients of IFC, but may also be applied by other organisations to manage their social and environmental management practices. For more information on the IFC Performance Standards see: http://www.ifc.org/wps/wcm/connect/c8f524004a73daeca09afdf998895a12/IFC_Performance_Standards.pdf?MOD=AJPERES. This indicator is taken from Performance Standard 3 of the International Finance Corporation's Sustainability Framework. Performance Standard 3: Resource Efficiency and Pollution Prevention is part of IFC's wider strategy of promoting sustainable development and reducing financial risk. Performance Standards 2 through 8 establish objectives and requirements to avoid, minimise, and where residual impacts remain, to compensate/offset for risks and impacts to workers, Affected Communities, and the environment. While all relevant environmental and social risks and potential impacts should be considered as part of the assessment, Performance Standards 2 through 8 describe potential environmental and social risks and impacts that require particular attention. Where environmental or social risks and impacts are identified, the client is required to manage them through its Environmental and Social management System (ESMS) consistent with Performance Standard 1. For more information on the IFC Performance Standards see: http://www.ifc.org/wps/wcm/connect/c8f524004a73daeca09afdf998895a12/IFC_Performance_Standards.pdf?MOD=AJPERES. Assessment of whether this has been implemented/addressed. IFC auditing process.