World Bank group Event
This special event provides a forum for impact assessment practitioners to hear about the proposed World Bank Environmental and Social Framework; to get insight from their respective specialties in the way in which the World Bank Group undertakes due diligence of environmental and social risks including contextual risks involving country and sector issues, analyzes strategies in its portfolio and informs decision-making outcomes; and to share recent experience on the management of environmental and social risks and impacts of projects, both public and private, supported by the World Bank, IFC and MIGA.
Part 1. Proposed World Bank’ Environmental and Social Framework. As part of the World Bank safeguard policies review and update process, the World Bank is preparing a new Environmental and Social Framework, which sets out its commitment to sustainable development, through a Bank Policy and a set of Environmental and Social Standards. Participants will get a broad overview of and an update on the proposed Environmental and Social Framework.
Part 2. WBG’s Assessment and Management of Contextual Risk. This session will showcase lessons World Bank Group institutions have learned from supporting complex, transformational projects, both public and private, in difficult markets, particularly in relation to the broader context of the project and sector operating risks. Understanding these risks can be material to meeting project-level environmental and social requirements and achieving project success.
Part 3. Examples of World Bank Group projects. Case studies will be shared and discussed of how contextual risk was considered as part of the environmental and social due diligence process for public and private sector projects. Case studies will focus on understanding the broader context of the project and sector operating risks. The World Bank Group will also share examples of using earth observation products and geographic information system tools in Environmental and Social Impact Assessment and how these products and tools can help understand contextual risk.
Thursday, 23 April