Australia: Norton Rose lawyers release "IFC Performance Standards on Environmental & Social Sustainability"
Last Updated: 13 November 2012

A team of lawyers from leading international law firm Norton Rose has just released IFC Performance Standards on Environmental & Social Sustainability: A Guidebook, published by Lexis-Nexis. The book has contributions from lawyers in Canada, the UK, Australia and South Africa. The book is the first of its kind and provides a comprehensive and practical analysis of how the IFC Performance Standards impact investment decision making and international business operations.

Editor and co-author Michael Torrance, who is based in Toronto and currently on secondment in Norton Rose's Sydney office, said:

"The IFC Performance Standards are the leading benchmark for CSR and sustainable business practices on a global level. They are especially important in key emerging markets. More and more, the Performance Standards are part of investment agreements and financing contracts. For companies, this means that complying with the Performance Standards may be necessary to get the financing they need to do business in emerging markets. Their implementation also creates legal risks for financial institutions and their clients."

Norton Rose has the global depth and expertise to advise clients in all areas covered by IFC Performance Standards. The book's Norton Rose authors specialize in the following areas:

  • Sophia Christou, litigation, Sydney
  • Avril Cole, M&A and mining law, Toronto
  • Tina Costas, environmental law, Durban
  • Alexander Green, project finance, London
  • Jocelyn Kearney, corporate, commercial and aboriginal law, Toronto
  • Richard King, energy, environmental and aboriginal law, Toronto
  • Pierre-Christian Labeau, chair of the Canadian aboriginal law team, Québec
  • Eleanor Martin, project finance, London
  • Lucas Thacker, corporate, commercial and environmental law, Toronto
  • Michael Tooma, leader of the firm's Asia Pacific occupational health, safety and security practice, Sydney
  • Michael Torrance, employment and labour, global CSR, Toronto/Sydney

The book's Foreword is written by Jon Williams, head of the sustainability practice at PwC. Andre Abadie, an environmental and social risk management executive for a major investment bank in London is a guest contributor. The book will be of interest to lawyers, in-house counsel, risk management practitioners, investment managers and sustainability advisory practices and environmental engineering consultancies.

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