Category A Project
From Open Risk Manual
Definition
A Category A Project represents greater environmental and/or social risks, and EPFIs are required to impose correspondingly more stringent compliance and reporting obligations on Clients engaged in Category A Projects.
- Environmental and Social Assessment required.
- Assessment of Human Rights risks and impacts required.
- Climate Change risks assessment required.
- Review and confirmation required on how the Project and transaction meet each of the Equator Principles (with support from Independent Environmental and Social Consultant).
- Client required to develop/maintain Environmental and Social Management System and Environmental and Social Management Plan.
- Client required to demonstrate Stakeholder Engagement commensurate with potential risk to Affected Communities, including Indigenous Peoples where relevant.
- Client required to establish effective grievance mechanisms for use by affected communities and workers, scaled appropriately.
- Independent Environmental and Social Consultant to carry out review of all mechanisms assessing compliance with the Equator Principles.
- Client required to covenant to:
- comply with Environmental and Social Standards (as further detailed below), including relevant host country laws,
- comply with management/action plans to ensure relevant Equator Principles compliance,
- report on and document compliance with relevant environmental and social obligations and local law, and
- decommission facilities appropriately.
- Independent monitoring and reporting required.
- Client required to report on various environmental and social metrics, including Greenhouse Gas Emissions and Human Rights.
