LJD Week 2021 | Advance racial equity with the environmental and social standards of international financial institutions

The environmental and social standards of international financial institutions can play a crucial role in preventing discrimination and facilitating inclusion. This session will explore ways in which environmental and social standards and risk management approaches can be applied to support racial equity in development activities funded by IFIs.

Through their environmental and social standards and risk management frameworks, IFIs can guide institutional objectives to address environmental and social risks and impacts, being aware of how race and ethnicity are taken into account. account in these problems; they can ensure the environmental and social soundness and sustainability of projects, with the aim of protecting vulnerable racial minorities; and they can support the integration of environmental and social aspects of projects into the decision-making process by all parties to promote sustainability and equity.

The session will highlight / explore:

  • How environmental and social standards and risk management frameworks can be used to support racial equity, and where they may be insufficient.
  • the AIIB’s environmental and social framework, racial equity, and environmental and social governance approaches to capital market operations; and
  • Support inclusion and racial equity through the application of the EBRD’s environmental and social policy, the IFC’s performance standards, and the World Bank’s environmental and social framework.


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Marianne R. Winn

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