S2: Socioeconomic value: As indicated in Introduction to the Project Assessment Framework, a project’s socioeconomic value at this initial profiling stage follows a high-level check-listing process. The rating for this criterion is similarly determined by the project meeting a number of these checklist statements from the full list, following the rating levels indicated for the initial profiling step in Introduction to the Project Assessment Framework.
This criterion checks for the presence of co-benefits provided by the project activities to biodiversity and ecosystems, improving water, air, and soil quality, enabling employment opportunities for local communities, improving access to health and education services, and improving gender equality. These metrics indicate the project’s wider contributions to the environment and community. See Figure 3.7.
Figure 3.7 Checklist for socioeconomic value
Checklist |
|---|
| Project has co-benefits contributing to biodiversity and ecosystems, i.e. conserving natural habitats, protecting endangered flora/fauna species, etc. |
| Project has co-benefits contributing to improving local water, air or soil quality. |
| Project has co-benefits contributing to creating or improving access to employment opportunities for local communities. |
| Project has co-benefits contributing to improving the community's access to health and education services. |
| Project has co-benefits contributing to improving gender equality, such as by improving women's participation in decision-making, reducing the strain of unpaid domestic burden on women, etc. |