Apr 15, 2013 - 10 Environmental and Social High Risk Projects Listing⦠..... such as credit cards, personal loans, hom
Updated 2016 Environmental and Social Review Procedure Manual at: www.ifc.org/esrp
ENVIRONMENTAL AND SOCIAL REVIEW PROCEDURES MANUAL Environment, Social and Governance Department
Approved by Director CES William Bulmer
IFC-CESI Environmental and Social Review Procedures Manual
TABLE OF CONTENTS
Approved: Morgan Landy , Director CESG
TABLE OF CONTENTS Environmental and Social Review Procedures
Version Number
Approved Revision
Key Terms and Acronyms…………………………………………………………………… 8
May 31, 2012
1
Environmental and Social Review Procedures Manual………………………………………………………………………………………………
7
April 15, 2013
2
Direct Investments: Pre-Mandate Initial Review, Concept Review Meeting, and E&S Specialist(s) Assignment……………………………………
7
April 15, 2013
3
Direct Investments: Appraisal…………………………………………………………… 7
April 15, 2013
4
Direct Investments: Disclosure and Commitment……………………………
7
April 15, 2013
5
Managing Non-Routine Events in Investment Projects……………………
7
April 15, 2013
6
Direct Investments: Supervision………………………………………………………
7
April 15, 2013
7
Financial Intermediary Investments: Early Review and Appraisal…… 4
July 11, 2014
8
Financial Intermediary Investments: IFC Disclosure and Commitment………………………………………………………………………………………. 4
June 3, 2014
9
Financial Intermediary Investments: Supervision……………………………
4
June 3, 2014
10
Environmental and Social High Risk Projects Listing………………………… 1
July 19, 2010
11
E&S Requirements for Advisory Services Projects………………………………………………………………………………………………
5
June 3, 2011
12
Update and Generation of Environmental and Social Review Procedures …………………………………………………………………………………………
6
February 16, 2011
IFC-CESI Environmental and Social Review Procedures Manual Approved: William Bulmer, Director CES
KEY TERMS AND ACRONYMS Version 8, May 31, 2012
TERM ACS
DESCRIPTION Administrative Client Support assigned to a unit to provide administrative support in investment appraisal and supervision activities.
Action Plan
The Environmental and Social Action Plan (ESAP) or Action Plan (see Performance Standard 1). “The Action Plan will (i) describe the actions necessary to implement the various sets of mitigation measures or corrective actions to be undertaken; (ii) prioritize these actions; (iii) include the timeline for their implementation; (iv) be disclosed to the affected communities; and (v) describe the schedule and mechanism for external reporting on the client’s implementation of the Action Plan.”
Action Plan Tickler
Software tool in Lotus Notes enabling creation and active management of ESAPs and tasks. In addition the ESAP when completed and approved migrates automatically to the ESRS. During Supervision, when the status of each ESAP task has been updated and then approved, these data will flow to the IFC Disclosure Website to disclose completion status of each task consistent with the requirements of the 2012 AIP.
Additionality
The development impact that will be achieved because of IFC’s participation in a project. This is articulated in the Board Paper.
Advisory Assignment
A financial or policy advisory assignment where IFC proposes to carry out an activity for a fee.
AMR
The Environmental and Social Annual Monitoring Report (AMR). Report scope and content are agreed between IFC and the client, and may in some vases be included in the investment contract. The AMR helps IFC assess on a yearly basis the E&S risk of the project and revise and update the ESRR score (Environmental and Social Risk Rating). In order to ensure that the corporation maintains a quality E&S portfolio, the CRC (Corporate Risk Committee) has approved a capture rate of 90% for Annual Monitoring Reports (AMR).
AMR-CR
Annual Monitoring Report Capture Rate (AMR-CR). The AMR-CR defines the % of IFC active portfolio clients with reporting covenants in the investment contract whose most recent AMR was received within the last 15 months. The total number of portfolio clients with the obligation to report excludes those: without E&S reporting covenants; with $0 outstanding balance; in SOU, litigation or liquidation; that have received supervision waivers; and, with a 1st disbursement
