The project aims to support the development of a range of market mechanisms to promote and assist firms in the real and financial sectors in adopting better ESG practices, thereby contributing to improve their ESG performance, with a focus on sustainability and ESG risk management. The objectives of each of the project components are as follows: 1) Regulatory: Supporting the integration of ESG standards into codes and regulations. The project will strengthen the regulatory environment (including voluntary regulations) to improve ESG regulations, support implementation, and level the playing field across the market. 2) Market demand and capacity: Building market demand and local capacity to support improved ESG practices. The project will build the capacity of local intermediaries and industry associations to improve their ability to promote, train, and advise on ESG standards. This will focus on the governance of E&S practices and ESG risk management in the financial sector, capital markets, and priority industries in the real sector. 3) Firms and financial institutions uptake: Providing hands-on support to firms in implementing ESG practices. The program will provide in-depth technical advice to firms to improve their ESG performance. This will include mobilizing financial Institutions and investors to consider ESG risks in their investment operations and supporting real sector companies and financial institutions to improve their corporate governance, including a new focus on governance of E&S.

Indicator	Cumulative
Number of entities accessing investment/financing	0
Number of entities reporting improved performance (e.g., improvements in productivity, accountability, operations, loan terms, valuations)	0
Sales revenue (US$)	0
Number of entities receiving in-depth advisory services	3
Value of financing facilitated (US$)	0
Value of IFC financing facilitated (US$)	0
Number of entities that implemented recommended changes	null
Number of recommended laws/regulations/amendments/codes enacted or government policies adopted	null
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated	null
Number of workshops, training events, seminars, conferences, etc. conducted with/by partners	null
Number of entities reached by our partners that implemented recommended changes	null
Number of entities trained by partners	null
Number of trainers trained	null
Number of individuals trained by project-trained people and/or institutions	null
Number of new laws/regulations/amendments/codes/government policies drafted, or contributed to the drafting	null
Number of participants in workshops, training events, seminars, conferences, etc.	null
Number of participants providing feedback on satisfaction	null
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.	null
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination	null
Number of women trained by project-trained people and/or institutions	null
Number of women participants in workshops, training events, seminars, conferences, etc.	null
Number of workshops, training events, seminars, conferences, etc.	null

Performance Standard	Description and Potential Impact	Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	As part of its due diligence, and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards, as appropriate. The IFC team will assist its firm level clients, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.