By World Bank
This overview assesses the financial institution Group's aid for environmental sustainability in either the private and non-private sectors during the last 15 years. It identifies numerous an important constraints that have to be addressed, might be most significantly inadequate executive dedication to environmental pursuits and susceptible institutional potential to house them. yet constraints in the financial institution team, together with inadequate consciousness to longer-term sustainable improvement, needs to be decreased besides. The financial institution workforce wishes enhanced structures in position the world over financial institution, IFC, and MIGA to watch environmental results and to evaluate affects. greater coordination one of the 3 elements of the financial institution crew is usually one of the key demanding situations.
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Extra resources for Environmental Sustainability: An Evaluation of World Bank Group
Footprint training is also offered to new staff. To accommodate increased demand and staff growth under decentralization, an e-learning course on the Sustainability Policy and Performance Standards is also offered. IFC’s Environment and Social Development Department has a team dedicated to development of such training content and the organization of its delivery. Finally, with the creation of IFC’s Sustainability Knowledge Network, training and on-boarding has become a key strategic area of attention.
Tation of the mitigation actions through a program of risk-based supervision. Furthermore, Trust-funded activities. 3 dedicated to the support of analytic work, and Cross-sectoral integration. The IEG report also the IEG report would have benefited from their focuses on environmental portfolio and related inclusion in the discussion on nonlending operations rather than taking a broader look at services. Similarly, the Development Grant cross-sectoral integration. For example, although Facility might also have been included in the Uganda is one of the case studies, there is no evaluation as an instrument.
In April 2006, IFC updated its approach with the launch of its Policy and Performance Standards on Social and Environmental Sustainability.
Environmental Sustainability: An Evaluation of World Bank Group by World Bank