Climate change ranks among the world’s greatest risks. A growing number of leaders and financial institutions are calling for action to reduce the impact of climate change on economic and financial stability by mainstreaming climate risk into investment decision making processes. The World Economic Forum’s 2017 Global Risks Report ranks environment-related risks including … [Read more...] about Climate change is one of the world’s greatest risks
Simple as 1, 2, 3 performance indicators to improve operations
There are several tools available to manage environmental and social impacts and risks in projects. These tools include Environmental and Social Impact Assessments, Environmental and Social Management Frameworks, Environmental and Social Management Systems and Risk-based Assessments. What do all of those tools have in common? They define specific indicators to track and manage … [Read more...] about Simple as 1, 2, 3 performance indicators to improve operations
Five Challenges Posed by the Social Component of Environmental Impact Assessments
The safeguard policies of the Inter-American Development Bank (IDB) seek to guide the Bank’s staff and clients in their analysis of the potentially adverse environmental and social impacts of IDB-financed projects. One key tool in this process is the Environmental Impact Assessment (EIA). EIAs are carried out whenever a project has the potential to produce negative … [Read more...] about Five Challenges Posed by the Social Component of Environmental Impact Assessments
Natural Capital Accounting for Evidence-Based Policy
Natural capital accounting (NCA) broadens our standard measures of economic performance (e.g. GDP) by taking stock of the very foundation of wealth- a nation’s environmental resources. In the last decade, we have witnessed a surge in activity in this space with significant advances in the transdisciplinary science of measuring the environment’s contribution to wealth and … [Read more...] about Natural Capital Accounting for Evidence-Based Policy
Listening strengthens environmental and social management
The Latin American region has experienced numerous changes in 2016: new governments have been elected, new priorities have been identified, and many legislative changes have taken place. And yet, in spite of the institutional changes, the same environmental and social challenges remain in place throughout the region. Take legislation, for example—although it is overall … [Read more...] about Listening strengthens environmental and social management