The IDC is a signatory to the Finance Initiative of the United Nation Environmental Programme (UNEP-FI). UNEP-FI works towards understanding the impacts of environmental and social considerations on financial performance.
As per the “UNEP Statement of Commitment by Financial Institutions on Sustainable Development” we recognise the active role we play in making the economy and lifestyles of South Africans sustainable. We further commit to integrating both environmental and social considerations into all aspects of our operation.
As far as practically possible, we identify the environmental and social risks of a project prior to the approval of funding. Where necessary, both environmental and social management actions are stipulated in our funding agreements.
More details regarding our Environmental and Social framework for measuring the financial, developmental, social and environmental performance of our clients can be found on page 62 under Client monitoring.