Good International Industry Practice (GIIP).

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Noted several times but not specifically defined in the IFC Performance Standards on Environmental and Social Sustainability, GIIP is the global standards, practices, methods and procedures conforming to the law and the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged in a similar type of undertaking under the same or similar circumstances.

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Good International Industry Practices definition