17 August 2011

HIA is a benchmark indicator of sustainability for private companies’ investments

IFC, ICMM and its member mining companies, and other organizations have developed the Financial Evaluation tool for sustainability investment. The tool should help companies to assess the quality and effectiveness of their environmental, social, health and governance investments.

Health Impact Assessment is considered the most appropriate tool to deal with the community health issues and investments. The framework recognize the existence of different types of HIA from pure desk top exercise to comprehensive ones. The “best practice” score goes to HIA that adopt a broad definition of health and determinants of health, include enhancement opportunities and produce recommendations aligned with local government development plans and complements programs of other agencies.

More information on the framework here: http://fvtool.com/index.php