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Transparency in Global Environmental GovernanceCritical Perspectives$
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Aarti Gupta and Michael Mason

Print publication date: 2014

Print ISBN-13: 9780262027410

Published to MIT Press Scholarship Online: January 2015

DOI: 10.7551/mitpress/9780262027410.001.0001

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Transparency and Environmental Equity: The International Finance Corporation's Disclosure Practices

Transparency and Environmental Equity: The International Finance Corporation's Disclosure Practices

Chapter:
(p.297) 13 Transparency and Environmental Equity: The International Finance Corporation's Disclosure Practices
Source:
Transparency in Global Environmental Governance
Author(s):

Ehresman Timothy

Stevis Dimitris

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262027410.003.0013

In this chapter, Timothy Ehresman and Dimitris Stevis examine the disclosure practices of the International Finance Corporation (IFC), a member of the World Bank group. They focus on how the IFC deploys disclosure as a way to mitigate negative impacts of foreign direct investment projects in developing countries. The authors scrutinize the link between transparency and social liberal notions of international environmental justice – distinguishing between distributive justice, capabilities justice, and human rights justice. They find that, within the context of its Sustainability Framework, IFC disclosure does materially advance more distributive justice in the environmental outcomes of supported projects. However, as the long-term implementation of IFC disclosure policies is dependent on the initiative and discretion of project personnel rather than an organizational commitment to environmental justice, there remain major limitations on the promotion of capabilities or human rights justice.

Keywords:   International Finance Corporation, World Bank, transparency, disclosure, environmental justice

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