In recent years, there has been an increasing focus on environmental and social risks in global supply chains. In fact, it is often in project supply chains, rather than direct project activities, where the most significant risk of undetected adverse environmental and social impact exists, such as risks related to forced labor and the biodiversity impacts that may come from the … [Read more...] about Managing environmental and social risks in supply chains
Environmental and Social Safeguards
Let’s talk about climate change transition risks…
Global warming is already at the dire halfway point to the 2°C limit set by the Paris Agreement. According to the Intergovernmental Panel on Climate Change (IPCC), to meet the 1.5°C target, global CO2 emissions need to be reduced by 45% from 2010 levels by 2030 and reach net-zero emissions by 2050. As low-carbon policies, technology, and market shifts become stronger, the … [Read more...] about Let’s talk about climate change transition risks…
How to manage human rights risks in development projects
The concept of human rights is something which is well understood throughout the world and enshrined in the laws of almost every country. Additionally, within Latin America and the Caribbean, many states have ratified strong regional human rights standards. Human rights are also central to the IDB’s mission of improving lives and bringing sustainable development to the region, … [Read more...] about How to manage human rights risks in development projects
Beyond COVID-19: assessment of health impacts and risks in the new ESPF
COVID-19 has laid bare the importance of assessing the health risks and impacts of development projects. All projects, in one way or another, must now consider the risks posed by the pandemic. Whether it is because protocols must be put in place to prevent large-scale spread, for example, in worker camps, or because a sick workforce may lead to significant delays, considering … [Read more...] about Beyond COVID-19: assessment of health impacts and risks in the new ESPF
5 steps to managing risks of retaliation for project-related complaints
Project stakeholder engagement is at the heart of the Bank’s new Environmental and Social Policy Framework (ESPF). But stakeholders’ concerns for their safety, or the safety of their families, can prevent them from speaking out about any grievances they may have. In recognition of this, the ESPF reflects the IDB’s zero tolerance to “retaliation, such as threats, intimidation, … [Read more...] about 5 steps to managing risks of retaliation for project-related complaints