PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

609458

Primary Business Area

Other

Disclosure Date

Jun 8, 2025

Country

West Bank and Gaza

Region

Middle East

IFC Approval Date

Feb 5, 2025

Status

Active

Estimated Total Budget

$245,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 9, 2025

Project Estimated Start Date

Jan 31, 2025

Project Estimated End Date

Jan 31, 2028

Client Legal Name

BANK OF PALESTINE PLC

Project Description

The support to BoP will be delivered through the two components (i) ESG and (ii) Climate Risk, divided into the following six (6) pillars: i) ESG Component: • Pillar I: Review and strengthen the Group Governance Frameworks for BOP and its main subsidiaries, ensuring appropriate linkages, synergies, and commitment to good corporate governance across the group. • Pillar II: Capacity building for an environmental and social management system (ESMS) and E&S due diligence (ESDD) to support the Bank’s identification and management of E&S risks • Pillar III: Support the Bank’s development of a sustainability strategy for BOP to address material sustainability issues. • Pillar V: Build capacity on Climate Governance, specifically how the Board can oversee that the Bank can identify and respond to climate risks and opportunities. • Pillar VI: Review BOP’s women on board and leadership gender practices to ensure that gender-related concerns are adequately addressed in the bank’s governance and policies. ii) Climate Risk Component: • Pillar IV: Assess BOP’s loan portfolio for potential climate-related risks and help develop a methodology to incorporate the appropriate risk appetite and governance framework into the Bank’s overall risk management system.

Development Results

E&S Risks / Impacts and Mitigation