07 October 2005

IFC's New Sustainability Policies

It looks like the The International Finance Corporation, the private-sector arm of the World Bank Group has been taking criticisms seriously enough to invent a new way of doing business...
WorldChanging: Another World Is Here: IFC's New Sustainability Policies:
IFC says it is taking a new, "outcomes-based approach" to environmental and social protections. "We think this is a new approach to doing business," Motoko Aizawa, program Manager for IFC's safeguards policy Update, told me recently. "First and foremost because we think our approach will enable business to reassess how it does business through the lens of social and environmental assessment, using management systems much as they manage financial issues."
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"Spend and tax" not "tax and spend"

 I got a response from my MP which got me kind of mad. You'll see why as I reproduce it here. Apologies for the strange changes in types...