1st October 2010

EFIC’s Environment Policy commits to a review in 2010.

EFIC practises responsible lending in both financial and ethical contexts. In doing so, we aim to apply international best practice environmental and social standards in our transaction assessment process. The review aims to ensure our Environment Policy continues to reflects those standards and takes into account factors including:

• feedback from our clients and stakeholders
• the changing business climate in which EFIC operates
• external processes that influence the policy, including the reviews of the OECD’s Common Approaches and the IFC Performance Standards
• the approaches of our peers.

EFIC consulted its stakeholders on a draft revised policy and procedure between 6th August and 1st October. This consultation period has now closed.

We are now considering the submissions received and liasing with all parties involved before finalising the policy and procedure. 

If you have enquiries about the draft documents or the consultation process, please email info@efic.gov.au.