AIIB Environmental and Social Framework
Publication Date:
Feb 01, 2016
Region:
The Environmental and Social Framework prepared by the AIIB.
The objectives of this Environmental and Social Framework are to:
- Reflect institutional aims to address environmental and social risks and impacts in Projects (defined below in paragraph 5 of the ESP).
- Provide a robust structure for managing operational and reputational risks of the Bank and its shareholders in relation to Projects’ environmental and social risks and impacts.
- Ensure the environmental and social soundness and sustainability of Projects.
- Support integration of environmental and social aspects of Projects into the decision- making process by all parties.
- Provide a mechanism for addressing environmental and social risks and impacts in Project identification, preparation and implementation.
- Enable Clients (defined below in paragraph 5 of the ESP) to identify and manage environmental and social risks and impacts of Projects, including those of climate change.
- Provide a framework for public consultation and disclosure of environmental and social information in relation to Projects.
- Improve development effectiveness and impact to increase results on the ground, both short- and long-term.
- Support Clients, through Bank financing of Projects, to implement their obligations under national environmental and social legislation (including under international agreements adopted by the member) governing these Projects.
- Facilitate cooperation on environmental and social matters with development partners.
AIIB. 2016. Environmental and Social Framework. Beijing: Asian Infrastructure Investment Bank. [#4519]
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