GENEVA (ILO News) – The International Labor Organization (ILO) and the International Finance Corporation (IFC) strengthen their collaboration to strengthen the focus on social issues in environmental, social and governance (ESG) initiatives related to private investment. I plan to.
The strengthened partnership aims to promote decent private sector jobs and social inclusion where it is needed most. Based on social standards, priority themes include promoting gender equality in the workplace and addressing gender-based violence in the workplace. Expand our joint efforts to support the creation of quality green jobs for the future and improve conditions for workers in our supply chains.
“I am delighted that the IFC Managing Director has agreed to address the ILO Executive Board today. We are confident that we can make improvements and contribute to sustainable development,” said ILO Director-General Gilbert F. Humbo.
“In a complex and uncertain world, I am proud to call the ILO one of IFC’s most valued partners, and I know that the best for both of our organizations is yet to come.” said IFC Managing Director Makhtar Diop in his opening remarks. He will become the IFC Director-General for the ILO Executive Board, which is currently meeting in Geneva. “By leveraging our unique and complementary advantages, we are confident that we can achieve more together than we have ever been able to accomplish alone.”
The strengthened partnership will foster mutually beneficial capacity building between IFC and ILO staff, including through staff exchanges to share technical expertise across institutions and collaboration on employment impact assessments. . ILO-IFC technical consultations are held twice a year.
The ILO and IFC are already working together on the Better Work Programme. This is a unique partnership between international organizations that brings together all levels of the garment industry to improve working conditions, respect workers’ rights and increase the competitiveness of the apparel business. . Since 2007, IFC and ILO have expanded the program to 12 countries, 47 brands, and 2,000 factories, improving working conditions for more than 5 million workers.