When IFC invests in oil palm plantations, how does it ensure the protection of forests, of wildlife habitat and endangered species that could potentially be affected?
IFC understands the environmental challenges associated with oil palm plantations. As part of its policy on environmental sustainability, IFC is firmly committed to protecting and conserving biodiversity. When an oil palm plantation project is believed to have potential adverse effects on forests, wildlife habitat or endangered species, IFC requires the company to assess those impacts and establish and maintain an effective system to manage potential impacts. Concretely, this means having a plan in place to avoid illegal or unsustainable deforestation, to refrain from using fire to clear land, to respect national and international laws protecting biodiversity, and to take all necessary measures to avoid further threats to endangered species and their habitat. IFC requires that the company manages the environmental impacts of its oil palm plantation throughout the life of the project. The conditions imposed by IFC will be proportionate to the level of vulnerability and conservation valu
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