26 April 2019

Environmental and Social Standards

Written by European Investment Bank
26 April 2019

The overall objective of this Standard is to outline the promoter’s responsibilities in the process of assessing, managing and monitoring environmental and social impacts and risks associated with the operations, specifically-

  1. Policy commitment;
  2. Assessment;
  3. Management;
  4. Monitoring & Evaluation;
  5. Stakeholder Engagement.

The assessment of environmental and social impacts and risk, including their significance and materiality, as well as the development of adequate management plans and programmes are key tools for achieving sound environmental and social performance.