Azura-Edo Independent Power Plant Environmental Impact ... - IFC

• World Bank's environmental and social safeguard policies, including:
o OP 4.01 – Environmental Assessment (World Bank OP 4.01)
o OP 4.11 – Physical Cultural Resources (World Bank OP 4.11)
o OP 4.12 – Involuntary Resettlement (World Bank OP 4.12)
• World Bank Group General Environmental, Health and Safety Guidelines
(EHS)
• World Bank Group EHS Guidelines for Thermal Power Plants (IFCGTPP)
Equator Principles
The Equator Principles have been adopted by a wide range of banks and
lenders all over the world in order to manage the social and environmental
risks associated with potential investment.
Box 1.1
Equator Principles
The principles comprise the following:
• Principle 1 Categorisation of projects
• Principle 2 The borrower has to conduct an Environmental and Social Impact
Assessment (ESIA)
• Principle 3 Applicable Social and Environmental Standards
• Principle 4 Action Plan and Management System
• Principle 5 Consultation and Disclosure
• Principle 6 Grievance Mechanism
• Principle 7 Independent Review
• Principle 8 Covenants
• Principle 9 Independent Monitoring and Reporting
• Principle 10 Equator Principles Financial Institutions (EPFI) Reporting
World Bank's Environmental and Social Safeguard Policies
The World Bank’s environmental and social safeguard policies are a
cornerstone of its support for programmes aimed at sustainable poverty
reduction. The objective of these policies is to prevent and mitigate undue
harm to people and their environment in the development process. These
policies provide guidelines for lenders (including banks) and borrower staff in
the identification, preparation, and implementation of programmes and
projects. Safeguard policies have often provided a platform for the
participation of stakeholders in the project design, and have been an
important instrument for building a sense of project “ownership” among local
populations. There are a total of ten environmental, social and legal
Safeguard Policies of the World Bank, of which the seven most relevant are
listed in Box 1.2 below.
AZURA EDO IPP
1-22
DRAFT EIA REPORT