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.