Difference between revisions of "Category A Project"
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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. | 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 | + | * [[Environmental and Social Assessment]] required. |
| − | * Assessment of Human Rights risks and impacts required. Climate Change risks assessment required. | + | * Assessment of Human Rights risks and impacts 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). | + | * Climate Change risks assessment required. |
| − | * Client required to develop/maintain Environmental Social Management System and Environmental and Social Management Plan. | + | * 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 demonstrate Stakeholder Engagement commensurate with potential risk to | + | * 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. | * 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. | + | * [[Independent Environmental and Social Consultant]] to carry out review of all mechanisms assessing compliance with the Equator Principles. |
* Client required to covenant to: | * Client required to covenant to: | ||
| − | ** comply with Environmental and Social Standards (as further detailed below), including relevant host country laws, | + | ** 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, | ** 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 | ** report on and document compliance with relevant environmental and social obligations and local law, and | ||
** decommission facilities appropriately. | ** decommission facilities appropriately. | ||
* Independent monitoring and reporting required. | * Independent monitoring and reporting required. | ||
| − | * Client required to report on various environmental and social metrics, including | + | * Client required to report on various environmental and social metrics, including [[Greenhouse Gas Emissions]] and Human Rights. |
[[Category:Equator Principles]] | [[Category:Equator Principles]] | ||
Latest revision as of 17:18, 15 June 2023
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.
