1. Screening & Categorization
Once a client submits an E&S Screening Form, the bank estimates the levels of E&S risks involved in the project to be supported,
and categorizes the project according to the extent and level of such risks.
Category A
- Projects with potential significant adverse environmental and / or social impacts which may affect an area broader than the sites.
- E&S Impact Assessment Report to be provided. Independent Party to review ESIA.
- Project Information Disclosure at least 30 days before a final commitment to grant official support.
Category B
- Projects with potential environmental and / or social impacts which are less adverse than those of
Category A Projects, and for which mitigation measures are more readily available.
- Appropriate Information related to environmental and social impacts to be provided and reviewed.
- Project Information Disclosure at least 30 days before a final commitment to grant official support.
Category C
- Projects with minimal or no potentially adverse environmental and / or social impacts.
- No environmental and social impacts Review required.
- No Information Disclosure required.
Category FI
- Indirect loan Projects with similar level of environmental and / or social impact of Category A or B.
- Financial intermediary’s environmental and social policies and review procedures.
- Project Information Disclosure and the name of the financial intermediary by the year-end of the credit approval.
2. Environmental and Social Impact Assessment (Hereinafter referred to as ESIA)
- Scope of ESIA
- The bank offers clients comprehensive guidance to determine the scope of ESIA, such as air quality, water quality, soil contamination, waste, biodiversity and socioeconomic impacts,
and to establish an E&S Management Plan (hereinafter referred to as ESMP).
- Applicable E&S Standards
- More stringent standards among host country regulations and internationally recognized standards are applied.
International guidelines : IFC Performance Standards, EHS guidelines, etc.
- Engagement with E&S Consultant
- An independent E&S consultant to perform the ESIA is appointed by clients with assistance from the bank.
3. E&S Impact and Plan Review
In order to ensure that the project is in compliance with applicable E&S standards, the bank reviews ESIA reports and ESMPs submitted by
clients and offer suggestions for improvement, where applicable.
4. E&S Information Disclosure
The bank discloses E&S information pertaining to projects on its website before and after a final commitment to grant official support.
5. Commitment to Grant Official Support
E&S requirements to fulfill are reflected in agreements between the bank and clients.
6. E&S Monitoring
- Period of E&S Monitoring
- Throughout the loan or guarantee period.
- Method of E&S Monitoring
- The bank reviews monitoring reports prepared by independent consultants to ensure compliance with the E&S requirements.
- Results of E&S Monitoring
- The bank imposes further remedial actions / restrictions against violations of environmental and social requirements.