CANON · REGULATION / IFC-PS2

Labor and Working Conditions

DefinedTerm · Legislation

IFC PS2 (revised 2012) applies to all IFC-financed projects. Requires: signed employment agreements, wage records, grievance mechanisms, non-discrimination policies, and OHS management systems. Subcontractor compliance is the primary client's responsibility. Violation can trigger suspension of disbursements and mandatory remediation.

TERM CODE: ifc-ps2
LEGISLATION IDENTIFIER: IFC Performance Standard 2
LEGISLATION JURISDICTION: Global / Multilateral
LEGISLATION LEGAL FORCE: https://schema.org/InForce
EXTERNAL REFERENCE: https://www.ifc.org/en/insights-reports/2012/ifc-performance-standards
ADDITIONAL PROPERTY: in-effectstatus IFC Performance Standards are incorporated by reference in the Environmental and Social Frameworks of the World Bank, AfDB, ADB, and most development finance institutions. Signed labor records are the compliance evidence for PS2 audits.reason infrastructureappliesSectors labor-compliance,public-worksappliesTriggers appliesMaterials 0jurisdictionRank

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