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Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
Jul 2, 2023
Project Estimated Start Date
Oct 23, 2021
Project Estimated End Date
Jun 30, 2022
Project Description
IFC is supporting a petroleum fuel importer and distributor (the Company) in Asia to perform a diagnostic and assessment of the Company’s strategy and an ESG diagnostic (the Project). The Project will deliver a diagnostic report to provide recommendations on the Company’s transformation strategy.
Development Results
The Project focuses on the future sustainable development of the Company. The diagnostics will provide a view of the environmental impact of the Company’s operations and its future transformation strategy to align with the country’s objectives under the Paris Agreement.
Indicator
Cumulative
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
The ESG Diagnostic will include an assessment of the governance structure, the governance of sustainability, and the ESMS.
IFC is providing supports to a petroleum fuel importer and distributor (the Company) in Asia to implement solutions to address the financial and environmental challenges. The project is looking to perform a diagnostic and assessment of the Company's strategy (Strategic Diagnostic) and an ESG diagnostic (ESG Diagnostic). These diagnostics will provide a view on the environmental impact of the Company's operations and its future transformation strategy.
Press-Release
Additional Documents
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This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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