The project will be implemented by the UNDP Country Office in Iraq. The present Environmental and Social Management Framework ESMF is the overarching instrument for managing environmental and social (E&S) risks along the project cycle by setting the principles, rules, and guidelines for managing E&S risks of project activities. It is open to environmental and social specialists from all . 6. The Environmental and Social Framework is made up of the World Bank's vision for sustainable development, the World Bank's Environmental and Social Policy for Investment Project Financing, and ten Environmental and Social Standards. Environmental and social sustainability is a fundamental aspect of the Bank's support for infrastructure development and enhanced interconnectivity in Asia. The Framework comprises: The new ESPF is the result of a rigorous process that spanned 20 months and was based on an inclusive, transparent, and participatory public consultation process. The ESMF includes adequate information for managing E&S risks in the subprojects in . Environmental and Social Policy Framework Prohibition on fnancing to clients involved in mountaintop mining: Mountaintop mining (which includes mountaintop removal mining) is a method of removing all or a portion of a mountain or ridge to access coal seams near the surface. Environmental and social risk management The policy framework sets world-class standards that IDB projects will need to meet to protect people and the environment. The Environmental and Social Framework (ESF) offers broad and systematic coverage of environmental and social risks. Why change the World Bank's environmental and . The Bank's Environmental and Social Framework (ESF) is a system that supports the Bank and its clients in achieving environmentally and socially sustainable development outcomes. Environmental and Social Framework (ESF) for Investment Project Financing (IPF) which was approved by the Board in August 2016. FIGURE 1- Social and Environment Categorisation Process . The Environmental and Social Framework (ESF) offers broad and systematic coverage of environmental and social risks. Environmental and Social Management Framework (ESMF) Download April 5, 2022 This Environmental and Social Management Framework (ESMF) was developed for the UNDP-supported, GEF-financed project " Promoting Carbon Reduction Through Energy Efficiency (EE) Techniques in Iraq ". Mugenyi The ESF enables Borrowers to better manage project risks as well as improve environmental and social performance, consistent with good international practices. means the framework dated March 31, 2003, satisfactory to the Association, describing measures for the mitigation of the potential environmental and social impact of the Project, as the same may be updated from time to time with the approval of the Association, to be adopted by the Borrower in accordance with the provisions of Paragraph 9 of . It has provided scope for Borrowers to be innovative and has helped prompt dialogue on specific E&S risks relevant to their own national development agendas. It was launched on October 1, 2018. An External Advisory Panel of Experts also helped improve the framework by providing . The ESF also places more emphasis on building borrower governments' own capacity to deal with environmental and social issues. Existing IPFs will continue to apply the current Safeguards policies. Environmental, social, and governance (ESG) investing refers to a set of standards for a company's behavior used by socially conscious investors to screen potential investments . It makes important advances in areas such as transparency, non-discrimination . The EIB Group Environmental and Social Sustainability Framework is an overarching policy framework that allows the Group to focus on sustainable and inclusive development, committing to a just and fair transition and supporting the transition to economies and communities that are climate and disaster resilient, low carbon, environmentally sound and more resource-efficient. Define Environmental and Social Framework (ESF). Description. A robust environment, social and governance framework can provide protection against breaches of privacy legislation and other ethical obligations. FAO is at the forefront of work towards sustainable agriculture and food systems by promoting protection and sustainable use of natural resources, while meeting society's growing needs for decent and resilient livelihoods. ; The draft plan will dictate how prospective infrastructure projects situated along the coast ought to be assessed before . A growing body of literature on community gardening, watershed restoration, and similar "civic ecology" practices suggests avenues for integrating social and ecological outcomes in urban natural resources management. The safeguards framework is designed to address a broad range of environmental and social risks, mindful of the different challenges and needs in different parts of the world. As part of the United Nations' commitment to support nationally-owned sustainable development results, UN entities across the system are committed to . In this article, we move onto the final stages of the "plan, do, check, improve" tool that you can use to identify and manage the environmental and social (E&S) impacts of your business and . It describes standards, procedures, processes and tools that are considered as the basis of the Environmental and Social Management System of the mentioned Programme in question. The Framework forms the basis upon which Environmental and Social Management Plan(s) will be developed, so as to ensure full compliance with the requirements of UNDP's Social and Environmental Standards. The revised Environmental and social sustainability framework aims to strengthen the sustainability and accountability of UNEP work. 6 ACGF Green Recovery Program - Environmental and Social Management Framework Low-carbon urban transport systems (light rail, metro rail, bus rapid transit), modal shift and inter-urban railway development, public transport systems, active transport systems (including cycling and walking), electric vehicle infrastructure For more information, please visit: worldbank.org/esf Additional Info Join the Discussion Stellah - Aug 2, 2022 An insightful course. To the extent such changes affect the statements herein, Deutsche Bank will update the information in this document in a timely manner. The Environmental and Social Framework (ESF) offers broad and systematic coverage of environmental and social risks. This framework has been adopted by the entire WWF Network to ensure consistent, comprehensive application of safeguards across all that we do. The Legal Department typically reviews the regulatory framework of the country in which a financial institution operates and should review . The ESF subsequently became effective on October 1, 2018. In this paper, we argue that an environmental education programme in which learning is situated in civic ecology practices also has the potential to address both community and . The EIB Group Environmental and Social Sustainability Framework is an overarching policy framework that allows the Group to focus on sustainable and inclusive development, committing to a just and fair transition and supporting the transition to economies and communities that are climate and disaster resilient, low carbon, environmentally sound and more resource-efficient. WWF's enhanced Environmental and Social Safeguards Framework establishes a common set of standards, policies, planning and implementation mechanisms, and compliance systems that govern how activities on-the-ground are carried out. This new framework provides broad coverage, including important advances on transparency, non-discrimination, social inclusion, public participation and accountability. environmental and social safeguards framework means the environmental and social safeguards framework furnished to the association in 2002 which: (i) has been developed for emergency rehabilitation projects; and (ii) provides for certain environmental and social impact mitigation measures to be undertaken by the borrower as part of the The present document establishes the Environmental and Social Framework of the AFD and GCF 'Transforming Financial Systems for Climate' Programme. To help guide our approach to sustainability and ESG risk management, we are participants in, supporters of, or signatories to the following global initiatives: CDP The ESF offers broad and systematic coverage of environmental and social risks. Environment and social safeguards In carrying out its mandate of promoting a paradigm shift towards low-emission and climate-resilient development pathways in . The objectives of the standards are to: Strengthen the quality of programming by ensuring a principled approach; Maximize social and environmental opportunities and benefits; Fetching. Document Details: The Environmental and Social Framework (ESF) enables the World Bank and Borrowers to better manage environmental and social risks of projects and to improve development outcomes. We've made it our mission to achieve Net Zero Carbon by 2025 and Absolute Zero Carbon by 2040, with no offsets and no excuses. Topic covered: Conservation related issues. Today it has morphed into an umbrella term for environmental, social, and governance (ESG) issues. This framework modernizes the IDB's safeguard policies that guide the management of environmental and social risks and impacts in our projects. TABLE It responds to new and varied development challenges that have arisen over time. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Environmental. The ESPF applies to new investment loans, grants, and guarantees, as well as some policy-based loans and technical cooperation. For more information, please visit: worldbank.org/esf Additional Info Join the Discussion Fabien - Sep 15, 2021 I found the course very interesting. The World Bank Environmental and Social Framework sets out the World Bank's commitment to sustainable development, through a Bank Policy and a set of Environmental and Social Standards that are designed to support Borrowers' projects, with the aim of ending extreme poverty and promoting shared prosperity. Based on further experience gained from the application of the ESP, ESSs and ESEL to individual Projects, the Bank will periodically review the overall ESF . MUFG Environmental and Social Policy Framework Introduction The international community, aiming at achieving the Sustainable Development Goals (SDGs) and Paris Agreement on climate change, is working towards the protection of the global environment, which is fundamental to the existence of humanity and all living creatures, and the realization . It took over six years of discussions, hundreds of consultation meetings, thousands of pages of commentary and exchange, and extensive preparations for implementation, for the ESF to be introduced. The IDB has developed a series of guidelines and resources to provide practical guidance on the implementation of each performance standard. The launch of the new Environmental and Social Framework (ESF) is around the corner: all World Bank Investment Project Financing (IPF) projects with concept note decisions after October 1, 2018 will apply the ESF. In an ESG framework for extractive industries, among social and governance considerations we would weigh: Disclosures: Clear and detailed disclosures underpin any active management approach to . GlobalData's ESG framework, can be used to assess a company's ESG performance, the factors that contribute to . It responds to new and varied development challenges that have arisen over time. We . The Inter-American Development Bank (IDB) today launched the public consultation process for a new Environmental and Social Policy Framework. Sustainability used to be just about saving the planet. Environmental and Social Sustainability (ESS) is the adaption and integration of precautionary environmental and social principles and considerations into decision making processes. Our two sustainability targets are the measurable objectives that complete our Framework. The draft policy framework under consultation is a key element of a broader modernization process aimed at strengthening the environmental and social sustainability of IDB's operations and allowing for a more effective response to the challenges faced . . This system of processes and procedures is an overarching framework for achieving improvements in environmental and social outcomes while addressing any unintended adverse impacts of . The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a new Environmental and Social Policy Framework (ESPF) on September 16, 2020. environmental and social framework to address the risks and impacts of the project, providing such use will enable the project to achieve objectives materially consistent with the ESSs. 7. Review of the ESF. To be effective, the Environmental and Social Management System should reflect the most current requirements of the environmental and social laws that apply to a financial institution's clients/investees. The Environmental and Social (E&S) Risk Framework outlines our approach to addressing key environmental and social risks across our underwriting and investment activities. With this important milestone only seven months away, the pace . Connecting. ENVIRONMENT & SOCIAL POLICY FRAMEWORK 1.1 IDFC FIRST BANK'S COMMITMENT TO ENVIRONMENT Over the past few decades, there is increasing awareness and sensitivity towards addressing environment and social impacts by stakeholders for various reasons IDFC FIRST Bank firmly believes that a proper environmental and social management system in an . The following Guidance Notes have been developed in the framework of technical work undertaken by Practitioners relating to the application of the Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence. The Environmental and Social Framework (ESF) offers broad and systematic coverage of environmental and social risks. In October 2018 the World Bank (the Bank) launched an upgraded version of its safeguard policies, the Environmental and Social Framework (ESF). Description. Environmental and Social Management Framework - ESMF 7 EXECUTIVE SUMMARY Serbia positions itself for EU membership with increasing competitiveness in the European market remaining a priority. ESG takes the holistic view that sustainability extends beyond just environmental issues. The new ESPF is the result of a rigorous process that spanned 20 months and was based on an inclusive, transparent, and participatory . ESS1 includes the following annexes, which form part of ESS1, and set out certain requirements in more detail: (a) Annex 1: Environmental and Social Assessment; Environmental and Social Management Framework Provision of Essential Health Services Project South Sudan - 2019 Version December 3, 2019 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized. This framework encourages positive environmental and social outcomes for Bank-financed projects, while minimizing the risks and negative impacts to people and the environment. housed in the bureau for development, democracy, and innovation (ddi), the office of environmental and social risk management (esrm) works to avoid adverse environmental and social impacts of projects supported by usaid and multilateral development banks (mdbs), as well as ensure that project financiers are transparent and accountable to their This update takes stock focusing principally on the initial . 2 . The Board of Executive Directors of the Inter-American Development Bank (IDB) today approved a new Environmental and Social Policy Framework (ESPF). This course aims to provide an in-depth introduction to the elements of the World Bank Environmental and Social Framework. environment and social framework means the borrower's environmental and social screening and assessment frameworkdatedfebruary6, 2005, satisfactoryto the association, includingany amendmentsmade to such documentsfrom time to timewith the association's approval, that containmeasures toaddressany environmental or social impactarising fromcarrying It responds to new and varied development challenges that have arisen over time. Appendix 7 Presentation of Environmental and Social Input in the Appraisal Report for Category "A" Projects Appendix 8 Environmental and Social Supervision of Investment Projects Appendix 9 Environmental and Social Analysis of Financial Intermediaries . FIGURE . Environmental and Social Policy Framework 2 Our policies are subject to regular review. A structural shift in Serbia's growth model, driven by increased productivity and higher-value added At Lendlease, our carbon targets aim to help avoid the worst impacts of climate change by limiting global warming to 1.5C. For more information, please visit: worldbank.org/esf Additional Info Join the Discussion Amina Muhammad - Jun 14, 2020 Hello house. The Environmental and Social Framework (ESF) is the key tool the AIIB must implement environmental safeguards in its lending and operations. environmental and social management plan means a plan, acceptable to the association and prepared on the basis of the environmental and social management framework detailing the specific actions, measures and policies designed to address adverse environmental and social impacts and facilitate the achievement of the objectives of the environmental 2. ESG is best characterized as a framework that helps stakeholders understand how an organization is managing risks and opportunities related to environmental, social, and governance criteria. It systematizes good governance practices to achieve human rights, transparency, nondiscrimination, public participation, and accountability, among other goals. All new World Bank IPF, with Concept Note meetings on or after this date are applying the ESF. Changes as a result of such review are based upon a number of factors. 1 Description The World Bank Environmental and Social Framework (ESF) sets out the World Bank's commitment to sustainable development through a Bank Policy and a set of environmental and social standards that enable borrowers to better manage environmental and social risks of projects and to improve development outcomes. It responds to new and varied development challenges that have arisen over time. JPMorgan Chase will not provide lending, capital markets or . pdf : 1.56 MB The IDB has launched a new Environmental and Social Policy Framework (ESPF) as part of its commitment to help achieve sustainable development in Latin America and the Caribbean. Environmental and Social Policy Framework. UNDP's Social and Environmental Standards (SES) underpin our commitment to mainstream social and environmental sustainability in our Programmes and Projects. Environmental, Social, and Governance (ESG) Framework - Thematic Research. The Framework serves four broad purposes: Environmental and Social Management Framework (ESMF) Context: The Environment Ministry has unveiled a draft Environmental and Social Management Framework (ESMF).. Key highlights: The draft is part of a World Bank-funded project. Achieving sustainable and productive agriculture while promoting protection and . 2 | Page Table of Contents Environmental and Social Standards. Environmental and Social Management Plans The ESMF provides the overall framework for the management of environmental and social impacts of the Fisheries Project and will be used to guide the capacity support and institutional development of project implementing parties. For example, it should be considered where data protection legislation exists, or where multinational companies are operating in jurisdictions with different levels of protection from privacy rights Environmental and Social Framework Introduction . The ESMP will be implemented by the Ministry of Energy and Natural Resources Malaysia and overseen by the UNDP Environmental Focal Point and . Our Environmental and Social Impact Management Framework is designed to provide clarity and transparency to our stakeholders about how we approach the environmental and social impacts associated with certain financial relationships. This Framework enables UNEP effective and efficient management of environmental and social impacts throughout the life of a project. Environmental and Social Management Framework or " ESMF " means the framework, dated September 27, 2004, which sets out the environmental and social screening process to be followed in identifying, assessing, and mitigating the potential adverse environmental and social impact associated with activities to be implemented under the Project; ESG is an acronym for Environmental, Social, and Governance. Loaded. It should therefore ensure that this framework promotes the highest levels of ambition on climate mitigation and adaptation, biodiversity and nature-based solutions. Environmental and Social Framework.