Edit this entry!
Description

This indicator relates to an organisation's Displacement procedures and is a component of IFC Performance Standard 5 (Land Acquisition and Involuntary Resettlement). When resettlement is involuntary, organisations must establish procedures to provide to affected groups and individuals with resettlement options, adequate compensation, relocation assistance and temporary housing if needed. The organisation also has a responsibility to involved affected people in the decision making process and include measures to avoid disadvantaged groups (e.g. women) from being further disadvantaged due to resettlement. A Resettlement Action Plan must be produced to ensure this. The applicability of Performance Standard 5 (Land Acquisition and Involuntary Resettlement) must be established during the environmental and social risks and impacts identification process. Elements of this process are outlined in Performance Standard 1. 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 5 of the International Finance Corporation's Sustainability Framework. Performance Standard 5: Land Acquisition and Involuntary Resettlement 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.

The applicability of Performance Standard 5 (Land Acquisition and Involuntary Resettlement) must be established during the environmental and social risks and impacts identification process. Elements of this process are outlined in Performance Standard 1. 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
Source

http://www.ifc.org/wps/wcm/connect/c8f524004a73daeca09afdf998895a12/IFC_Performance_Standards.pdf?MOD=AJPERES

TypeObjective
BenchmarkThis entry does not currently have a benchmark. To add a benchmark, please click the "Edit this entry!" button.

Is this page...

or