A guide to our standards
With our involvement, we are actively working to establish and disseminate international environmental, social and corporate governance standards. That includes carrying out careful environmental and social reviews and closely tracking the implementation of any action plans contractually agreed by the businesses. This task is undertaken by a team of DEG's own experienced specialists, supported by outside experts. They secure that our project companies safeguard human rights, offer good labour practices and that projects are implemented in an environmentally friendly manner. Relevant benchmarks are the IFC Performance Standards – for the private sector –, the World Bank Group's Environmental, Health and Safety Guidelines, and the conventions issued by the International Labour Organization (ILO). A list of exclusions defines the areas in which DEG does not become involved on principle.Here you will find information about our way of working and about the guidelines we adhere to.
IFC Performance Standards
In all its financing activities, DEG applies the IFC Performance Standards, including the relevant guidelines on "Environmental, Health and Safety" as well as the ILO standards. The IFC Performance Standards developed by the International Finance Corporation (IFC) are the most widely used assessment standard in international development financing. The standards were revised in 2012 and since then they have also included extensive human rights aspects which are embedded in all eight Performance Standards.
Extractive Industries Transparency Initiative
KfW Bankengruppe - represented by DEG - has been supporter of the Extractive Industries Transparency Initiative (EITI) since April 2010. EITI is a voluntary coalition of governments, companies, industry associations and representatives of civil society, aimed at ensuring the accountable payment of revenue from raw materials extraction into the national budgets of the respective resource-rich developing countries and its use for sustainable development.