Better Work III (IFC-600582)

Regions
  • World
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 20, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 26, 2018

Disclosed by Bank Jan 18, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to IFC's website, this project has the following components:

Component 1: Influencing global brands and manufacturers to adopt business practices that drive transformational change and competitiveness across their supply chains.
Better Work will multiply its impact in garment value chains by supporting global businesses, including brands, vendors, agents and manufacturing groups, to adopt business practices that support decent work and build competitiveness. The program will partner with businesses and national constituents to create a shared vision for the sector. This will include:

1. Working with BW ILO to open up opportunities related to licensing BW training services towards brands staff.

2. Linking BW buyer partners and suppliers to wider IFC services including: Resource Efficiency, Gender, the Global Trade Supplier Finance (GTSF) program, medium-term and long term financing.

3. IFC will use its network to increase the number of buyer partners in the program and participate in buyer facing events and meetings.

Component 2: Influencing Business Practices of Factories through In-Factory Services.
Factory facing services, including assessment, advisory, and training, are the core services of the program. To complement these factory services, BW IFC will run pilots in productivity enhancement and environmental assessment at the factory level. This client-facing project will reach workers via pilot projects in Jordan, Haiti and Vietnam.

Component 3: Improve productivity in SME factories in Jordan.
This pilot is intended to help integrate Jordanians in the garment industry which today employs mostly migrant workers. There is a strong gender focus, with a large portion of female beneficiaries.

Component 4: Create an enabling environment
BW will work with directly with government entities in BW countries to strengthen public institutions and advance policies at the national level by providing input and guidance on sector strategies, laws, regulations, and similar.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

During its implementation phase, the project will focus on the following:
1. Influencing global brands and manufacturers to adopt business practices that drive transformational change and competitiveness across their supply chains. We will focus on increasing the number of buyer partners in the program, as well as deepening IFCs relationship with those partners including by linking them to wider IFC innovative financial and resource efficiency services. It is expected that at the impact level, engaged buyers will show evidence of their commitment to improved social/environmental standards and that supporting financing will be facilitated by IFC (both through GTSF and medium/long term financing).
2. Influencing business practices of factories through in-factory services: reach workers via pilot project in Jordan, Haiti, Nicaragua and Vietnam, and determine if and how productivity and environmental/resource efficiency services can be streamlined into the core Better Work services.
3. Improving productivity in Jordanian satellite factories and help integrate Jordanians in the garment industry which today employs mostly migrant workers.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project contacts not provided at the time of disclosure.

 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works