11 Social Licence to Operate in the Energy Transition Era …
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social risk in projects being considered financing. The Equator Principles provide a minimum standard for due diligence and monitoring
to support responsible risk decision-making by project financiers.
c. In 2007, the World Bank Group published its Environmental,
Health and Safety Guidelines (WB-EHS Guidelines) for reference
on technical issues during project appraisal. The WB-EHS Guidelines apply to all World Bank-funded projects and are technical
reference documents with general and industry-specific examples of
Good International Industry Practice. The WB-EHS Guidelines have
a detailed section on community health and safety (‘World Bank’s
EHS Guidelines’ 2007).
d. In addition to the WB-EHS Guidelines, in 2012, the International
Finance Corporation (IFC) published eight (8) performance standards (the IFC Performance Standards), applicable to all projects
funded by the IFC.
73 Four (4) of the IFC Performance Standards
deal directly with community SLO issues and include standards for
community health, safety and security; and safety, land resettlement,
indigenous peoples and cultural heritage.
e. Principle 10 of the Rio Declaration on Environment and Development, 1992 provides that Environmental issues are best handled
with participation of all concerned citizens. Each individual should
have appropriate access to information concerning the environment
that is held by public authorities. They should have the opportunity
to participate in decision-making processes, and States should facilitate and encourage public awareness and participation by making
information widely available.
74
73 “IFC Performance Standards”. 2012. Ifc.Org. https://www.ifc.org/wps/wcm/connect/Top
ics_Ext_Content/IFC_External_Corporate_Site/Sustainability-At-IFC/Policies-Standards/Perfor
mance-Standards.
‘Performance Standards’ (Ifc.org). https://www.ifc.org/wps/wcm/connect/Topics_Ext_Con
tent/IFC_External_Corporate_Site/Sustainability-At-IFC/Policies-Standards/Performance-Sta
ndards, accessed May 27, 2020.
74 “Rio Declaration on Environment and Development”. 1992. Cbd.Int. https://www.cbd.int/
doc/ref/rio-declaration.shtml.
‘Rio Declaration on Environment and Development’ (Cbd.int, 2006). https://www.cbd.int/
doc/ref/rio-declaration.shtml, accessed May 27, 2020.
363
social risk in projects being considered financing. The Equator Principles provide a minimum standard for due diligence and monitoring
to support responsible risk decision-making by project financiers.
c. In 2007, the World Bank Group published its Environmental,
Health and Safety Guidelines (WB-EHS Guidelines) for reference
on technical issues during project appraisal. The WB-EHS Guidelines apply to all World Bank-funded projects and are technical
reference documents with general and industry-specific examples of
Good International Industry Practice. The WB-EHS Guidelines have
a detailed section on community health and safety (‘World Bank’s
EHS Guidelines’ 2007).
d. In addition to the WB-EHS Guidelines, in 2012, the International
Finance Corporation (IFC) published eight (8) performance standards (the IFC Performance Standards), applicable to all projects
funded by the IFC.
73 Four (4) of the IFC Performance Standards
deal directly with community SLO issues and include standards for
community health, safety and security; and safety, land resettlement,
indigenous peoples and cultural heritage.
e. Principle 10 of the Rio Declaration on Environment and Development, 1992 provides that Environmental issues are best handled
with participation of all concerned citizens. Each individual should
have appropriate access to information concerning the environment
that is held by public authorities. They should have the opportunity
to participate in decision-making processes, and States should facilitate and encourage public awareness and participation by making
information widely available.
74
73 “IFC Performance Standards”. 2012. Ifc.Org. https://www.ifc.org/wps/wcm/connect/Top
ics_Ext_Content/IFC_External_Corporate_Site/Sustainability-At-IFC/Policies-Standards/Perfor
mance-Standards.
‘Performance Standards’ (Ifc.org). https://www.ifc.org/wps/wcm/connect/Topics_Ext_Con
tent/IFC_External_Corporate_Site/Sustainability-At-IFC/Policies-Standards/Performance-Sta
ndards, accessed May 27, 2020.
74 “Rio Declaration on Environment and Development”. 1992. Cbd.Int. https://www.cbd.int/
doc/ref/rio-declaration.shtml.
‘Rio Declaration on Environment and Development’ (Cbd.int, 2006). https://www.cbd.int/
doc/ref/rio-declaration.shtml, accessed May 27, 2020.