Difference between revisions of "Environmental and Social Assessment"
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== Definition == | == Definition == | ||
| − | '''Environmental and Social Assessment''' is a process that determines the potential environmental and social risks ([[ESG Risks]]) and impacts (including Human Rights and climate change risks and impacts, if applicable) of a proposed [[Project]] in its area of influence. | + | '''Environmental and Social Assessment''' (ESIA) is a process that determines the potential environmental and social risks ([[ESG Risks]]) and impacts (including Human Rights and climate change risks and impacts, if applicable) of a proposed [[Project]] in its area of influence. |
== Context == | == Context == | ||
| − | A set of documents is prepared for a Project as part of the Assessment process. The extent and detail of the documentation is commensurate with the Project’s potential environmental and social risks and impacts. Where a Project has a potential to cause adverse Human Rights impacts, the Assessment Documentation should include an assessment of those impacts. | + | A set of [[Environmental and Social Assessment Documentation | documents]] is prepared for a Project as part of the Assessment process. The extent and detail of the documentation is commensurate with the Project’s potential environmental and social risks and impacts. |
| + | |||
| + | Where a Project has a potential to cause adverse Human Rights impacts, the Assessment Documentation should include an assessment of those impacts. | ||
== Examples == | == Examples == | ||
* an Environmental and Social Impact Assessment (ESIA) | * an Environmental and Social Impact Assessment (ESIA) | ||
| − | * Environmental and Social Management Plan (ESMP) | + | * an Environmental and Social Management Plan (ESMP) |
* documents more limited in scale (such as an audit, risk assessment, hazard assessment and relevant Project-specific environmental permits). | * documents more limited in scale (such as an audit, risk assessment, hazard assessment and relevant Project-specific environmental permits). | ||
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* [[Equator Principles]] | * [[Equator Principles]] | ||
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[[Category:Project Finance]] | [[Category:Project Finance]] | ||
[[Category:Equator Principles]] | [[Category:Equator Principles]] | ||
| + | [[Category:ESG Risk Management]] | ||
Latest revision as of 16:10, 15 June 2023
Contents
Definition
Environmental and Social Assessment (ESIA) is a process that determines the potential environmental and social risks (ESG Risks) and impacts (including Human Rights and climate change risks and impacts, if applicable) of a proposed Project in its area of influence.
Context
A set of documents is prepared for a Project as part of the Assessment process. The extent and detail of the documentation is commensurate with the Project’s potential environmental and social risks and impacts.
Where a Project has a potential to cause adverse Human Rights impacts, the Assessment Documentation should include an assessment of those impacts.
Examples
- an Environmental and Social Impact Assessment (ESIA)
- an Environmental and Social Management Plan (ESMP)
- documents more limited in scale (such as an audit, risk assessment, hazard assessment and relevant Project-specific environmental permits).
Non-technical environmental summaries can also be used to enhance the Assessment Documentation when these are disclosed to the public as part of a broader Stakeholder Engagement Process.
