social sustainability in the hydropower sector richard english, phd principal environment and social...
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Social Sustainability in the Hydropower Sector Richard English, PhD Principal Environment and Social Development Specialist South and East Asia Regions, International Finance Corporation Power Summit 2008 September 24, Kathmandu, Nepal. IFC’s Vision. - PowerPoint PPT PresentationTRANSCRIPT
Social Sustainability in theHydropower Sector
Richard English, PhDPrincipal Environment and Social Development Specialist
South and East Asia Regions, International Finance Corporation
Power Summit 2008September 24, Kathmandu, Nepal
IFC’s Vision
That poor people have the opportunity to escape poverty and to improve their lives
IFC is a social enterprise, a development finance institution that fosters economic growth in developing countries through investments and advisory services
IFC demonstrates the profitability of investments in emerging markets, encouraging further investment by private sector financiers
IFC accepts substantial business risks, going where other investors are unwilling to
IFC’s Sustainability Policy Framework
Sustainability Policy
• 8 Guidance Notes • Environmental, Health &
Safety Guidelines• Good Practice Materials
Disclosure Policy
IMPLEMENTATION
Environmental and Social Review
Procedure
IFC
- IN
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PRO
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REQUIREMENTS
8 Performance Standards
Overview Performance Standards
•PS 1: Social & Environmental Assessment and Management System
•PS 2: Labor and Working Conditions•PS 3: Pollution Prevention and Abatement•PS 4: Community Health, Safety & Security•PS 5: Land Acquisition and Involuntary Resettlement
•PS 6: Biodiversity Conservation and Sustainable Natural Resource Management
•PS 7: Indigenous Peoples •PS 8: Cultural Heritage
Social “Flashpoints”
•Land acquisition– Physical displacement– Livelihood risk– Cultural heritage
•Labor Influx– Risks to public health and safety– Cost of goods & services/Inflation– Threats to community resources
•Employment
Managing Social RiskCONSTRUCTION •Disclosure and Consultation•Documentation (who, what, where)•Community liaison•Local procurement of goods & services•Grievance redressal at the project level•Early demonstration of tangible benefits•Secure labor camps•Traffic managementOPERATION•Community liasion•Participation and development, not philanthropy
Stakeholders: Upside
Stakeholders: Downside
Thank You
www.ifc.org/sustainability