Miro Bank

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Environmental Exclusion List

  • Production or activities involving harmful or exploitative forms of forced labor1/harmful child labor.2
  • Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements.
  • Production or trade in weapons and munitions.3
  • Production or trade in alcoholic beverages (excluding beer and wine).3
  • Gambling, casinos and equivalent enterprises.3
  • Trade in wildlife or wildlife products regulated under CITES.4
  • Production or trade in radioactive materials.5
  • Production or trade in or use of unbonded asbestos fibers.6
  • Production or trade in wood or other forestry products from unmanaged forests.
  • Production or trade in products containing PCBs.7
  • Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals.8
  • Production or trade in pharmaceuticals subject to international phase outs or bans.9
  • Production or trade in pesticides/herbicides subject to international phase outs or bans.10
  • Production or trade in ozone depleting substances subject to international phase out.11
  • Drift net fishing in the marine environment using nets in excess of 2.5 km in length.
  • Production or activities that impinge on the lands owned, or claimed under adjudication, by indigenous peoples, without full documented consent of such peoples.

1 Forced labor means all work or service, not voluntarily performed, that is extracted from an individual under threat of force or penalty.
2 Harmful child labor means the employment of children that is economically exploitative, or is likely to be hazardous to, or to interfere with, the child’s education, or to be harmful to the child’s health, or physical, mental, spiritual, moral or social development.
3 This does not apply to subproject sponsors who are not substantially involved in these activities. “Not substantially involved” means that the activity concerned is ancillary to a subproject sponsor’s primary operations.
4 CITES: Convention on International Trade in Endangered Species or Wild Fauna and Flora. A list of CITES listed species is available from the Environment Division.
5 This does not apply to the purchase of medical equipment, quality control (measurement) equipment and any equipment where IFC considers the radioactive source to be trivial and/or adequately shielded.
6 This does not apply to the purchase and use of bonded asbestos cement sheeting where the asbestos content is < 20%.
7 PCBs: Polychlorinated biphenyls – a group of highly toxic chemicals. PCBs are likely to be found in oil-filled electrical transformers, capacitors and switchgear dating from 1950-1985.
8 A list of hazardous chemicals is available from the Environment Division. Hazardous chemicals include gasoline, kerosene and other petroleum products.
9 A list of pharmaceutical products subject to phase outs or bans is available from the Environment Division.
10 A list of pesticides and herbicides subject to phase outs or bans is available from the Environment Division.
11 Ozone Depleting Substances (ODSs): Chemical compounds which react with and deplete stratospheric ozone, resulting in the widely publicized ‘ozone holes’. The Montreal Protocol lists ODSs and their target reduction and phase out dates. A list of the chemical compounds regulated by the Montreal Protocol, which includes aerosols, refrigerants, foam blowing agents, solvents, and fire protection agents, together with details of signatory countries and phase out target dates, is available from the Environment Division.