EDC Private-Sector Consultation - World Bank’s Environmental and Social Safeguard Policies

December 23, 2014

Consultation Meeting with Private-Sector Representatives
Hosted by the Corporate Social Responsibility Group, Export Development Canada (EDC)
Date: January 8, 2015  Time: 2 p.m. – 4 p.m.
Location: 150 Slater Street, Ottawa, Ontario 

About the consultation

On behalf of the World Bank, EDC's Corporate Social Responsibility Group is hosting a consultation meeting with private-sector representatives on the Safeguard Policies Review and Update. EDC is looking for private-sector participants to this consultation. The objective of this consultation meeting is to gather input and views to inform the development of the next generation of safeguard policies.

We hope you will accept this invitation to join us in the consultation. If you would like to attend or have questions about the consultation, please send EDC your name, title, and contact information by January 2nd at the latest by sending an e-mail to Tania Melo at Tania.melo@international.gc.ca. If you would like to dial-in to participate, coordinates will be provided. If you cannot attend this meeting, but are still interested in providing your comments, you can do so by sending your feedback to the review team at: safeguardconsult@worldbank.org.

About the Safeguard Policies Review and Update

The World Bank is now in its second phase of its global consultations on the Review and Update of its Safeguard Policies, which is currently referred to as the Environmental and Social Framework: Setting Standards for Sustainable Development. The input provided in that first phase was incorporated into the draft safeguards framework that was released by the Bank on July 30, 2014. This draft document and other information related to the consultative process can be found here.

These important policies serve to help the Bank avoid, manage and mitigate risks in public sector-led engagements, as the International Finance Corporation’s Performance Standards do for its private sector-led engagements. The review and update of the Safeguard Policies will take into account the evolving role of the private sector in World Bank-financed development projects and programs. The private sector is increasingly making investments in the form of public-private partnerships in various development-related sectors. This private sector engagement is crucial to closing the enormous financing gap for critical investments in much-needed infrastructure and basic services.

The policies under review are the eight environmental and social safeguard policies – OP 4.01 Environmental Assessment, OP 4.04 Natural Habitats, OP 4.09 Pest Management, OP 4.10 Indigenous Peoples, OP 4.11 Physical Cultural Resources, OP 4.12 Involuntary Resettlement, OP 4.36 Forests, OP 4.37 Safety of Dams – as well as the Policy on Piloting the Use of Borrower Systems for Environmental and Social Safeguards (“Use of Country Systems”), OP 4.00. As part of the review and update process the Bank is also considering if and how it could potentially address a number of emerging areas that are not covered by the current safeguard policies. These include climate change; disability; free, prior and informed consent of Indigenous People; gender; human rights; labor and occupational health and safety; and land tenure and natural resources. During the consultation period of Phase 1 these areas have been discussed through internal dialogue and consultations with shareholders and stakeholders, as well as through a global series of focus groups with external experts on each of the seven emerging areas.


Source: Export Development Canada