tendersglobal.net
The ESF responds to new and varied development demands and challenges that have arisen over time. It brings the World Bank’s environmental and social (E&S) protections into closer harmony with those of other development institutions, and makes important advances in areas such as transparency, non-discrimination, social inclusion, public participation, and accountability – including expanded roles for grievance redress mechanisms. The framework helps to ensure social inclusion, and explicitly references human rights in the overarching vision statement. The ESF is made up of the World Bank’s vision for sustainable development, the World Bank’s Environmental and Social Policy for Investment Project Financing, and ten Environmental and Social Standards (or ESS’s). These set out the mandatory requirements for the World Bank, in relation to the projects it supports through Investment Project Financing (IPF), and for Borrowers.
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