abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

16 Feb 2016

Author:
Oxfam HK

Oxfam HK submission to AIIB Environmental and Social Framework Consultation

"Recommendations on the Asian Infrastructure Investment Bank Environmental and Social Framework Consultation", 5 Oct 2015

…The draft framework and the consultation process are a step in the right direction. However, Oxfam believes that the AIIB has an opportunity to enhance its processes and ultimately its investment outcomes by further integrating best practices for social and environmental impacts and by further expanding its consultation process on the draft ESF.

The draft ESF treats environmental and social impacts as operational and reputational risks that the AIIB seeks to mitigate (para 4), although it does recognise the benefits of social inclusion (para 7). Environmental and social safeguard policies have traditionally been treated as risk mitigation approaches by investors. However, there is growing recognition that sound environmental and social practices are crucial for successful investments and long-term sustainable project outcomes. Oxfam encourages the AIIB to consider the benefits of environmental and social policy requirements in supporting long-term project outcomes.

[Topics include:]
Consultation Process…
Involuntary Resettlement…
Loopholes in the protections afforded in draft ESF Standard 2…
Grievance Mechanism…
Food Security…
Indigenous Peoples…
Environmental Classification…
Financial Intermediaries…
Country Systems…
Phased Approach…
Due Diligence and Staffing…
Information Disclosure…

Part of the following timelines

Commentaries on potential human rights & environmental impacts by China-led Asian Infrastructure Investment Bank (AIIB)

Asian Infrastructure Investment Bank (AIIB) holds consultations on its environmental & social framework, NGOs say process is "grossly inadequate"

Privacy information

This site uses cookies and other web storage technologies. You can set your privacy choices below. Changes will take effect immediately.

For more information on our use of web storage, please refer to our Data Usage and Cookies Policy

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Analytics cookie

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

Your privacy choices for this site

This site uses cookies and other web storage technologies to enhance your experience beyond necessary core functionality.