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$494,250.00 (Project budget includes all project-funded activities)
Last Updated Date
Feb 21, 2023
Project Estimated Start Date
Dec 31, 2022
Project Estimated End Date
Jun 30, 2025
Project Description
The project is designed to address the key constraints for the uptake of sound ESG standards by light manufacturing and agriculture firms (i.e. lack of awareness, capacity, consultants, ESG management systems and guidelines).
Development Results
The project’s objective is to increase the uptake of ESG good practices in the agricultural and light manufacturing sectors by improving ESG practices in the market and providing in-depth ESG advisory services to IFC pipeline and investments clients.
Indicator
Cumulative
Number of entities accessing investment/financing
0
Number of entities that implemented recommended changes
0
Number of entities trained by partners
0
Sales revenue (US$)
0
Value of IFC financing facilitated (US$)
0
Value of financing facilitated (US$)
0
Number of recommended laws/regulations/amendments/codes enacted or government policies adopted
null
Number of copies of project materials distributed or downloaded
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 trainers trained
null
Number of entities receiving advisory services
null
Number of entities receiving in-depth advisory services
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 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
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 risk impact is assessed as a medium as the scope of the advisory activities will include advice related to E&S, including as relating to improving the alignment between national standards with the Performance Standards and alignment between FI ESG risk management practices with the Performance Standards. There is a potential reputational risk to IFC if an AS client engages in activities that have negative environmental or social consequences. This risk is deemed to be negligible given the nature of the advisory services we will be providing (to recommend ESG improvements).
To mitigate the risk of inconsistency of the advice delivered with the Performance Standards: the advice will be delivered by seasoned IFC E&S staff and consultants, consistent with the Performance Standards, and subject to quality control from CEG RTLs and/or E&S specialists with experience
as LESS. Prior to engagement with any client or partner, proper due diligence will be conducted, including with respect to gauging the clients commitment to implement recommendations.
Press-Release
Additional Documents
Similar Projects
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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