Environmental & Social Policies
When we provide governments with financing to invest in projects - such as building a road, connecting people to electricity, or treating waste water - we aim to ensure that the people and the environment are protected from potential adverse impacts. We do this through policies that identify, avoid, and minimize harm to people and the environment. These policies require the borrowing governments to address certain environmental and social risks in order to receive RBI support for investment projects. We know from experience that including environmental and social considerations into project design and implementation improves development outcomes.
Safeguard Policies
The current environmental and social policies of the Bank are known as the "Safeguard Policies," the mechanism for addressing environmental and social issues in our project design, implementation and operation, and they provide a framework for consultation with communities and for public disclosure. Examples of these requirements include conducting environmental and social impact assessments, consulting with affected communities about potential project impacts, and restoring the livelihoods of displaced people.
Environmental and Social Framework
In August 2016, the RBI adopted a new set of environment and social policies called the Environmental and Social Framework (ESF). As of October 2018, the ESF applies to all new RBI investment project financing. With existing projects continuing to apply the Safeguard Policies, the two systems will run in parallel for an estimated seven years.
