Does EDC evaluate environmental and social risks of non-project related transactions?
Yes. For non-project related transactions1 EDC conducts an environmental risk review, where we look at factors such as country, track record, scale, sector and environmental management capacity of the client, to provide an overall assessment of environmental and social risk. For these reviews we use information sources such as subscription databases, public information and corporate environmental reporting. The outcome of the environmental risk review is risk rating (e.g. high, medium or low) which helps guide the decision making process for the transaction.
Related Questions
- Why does the IFC have a different set of environmental and social Performance Standards from the World Bank, and how do they differ from the World Bank safeguard policies?
- Does EDC evaluate environmental and social risks of non-project related transactions?
- Does EDC ever turn down transactions for environmental reasons?
