Richflood works with lenders and borrowers to meet financing requirements for investment projects. Using the safeguard policies of the worldbank as a mechanism for addressing environmental and social issues in project project design, implementation and operation, and 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.
The Environmental and Social Framework (ESF) enables Borrowers to better manage project risks as well as improve environmental and social performance, consistent with good international practices.
It has provided scope for Borrowers to be innovative and has helped prompt dialogue on specific E&S risks relevant to their own national development agenda.
Richflood also work with borrowers to address a broader scope of environmental and social risks and potential impacts to be assessed and managed by Borrowers, for example on climate change, biodiversity, community health, road traffic safety, disability, occupational health and safety.
Working with local communities, states and other stakeholders, Richflood teams using the safeguard policies and ESF work to enhance transparency, design and implementation of projects through ongoing stakeholder engagement and information disclosure by developing stakeholder engagement plans and disclosing environmental and social documents.
Our team of specialist also imbibes the Environmental and Social Standards (ESS) in project evaluations. The ESS are designed to help Borrowers to manage the risks and impacts of a project, and improve their environmental and social performance, through a risk and outcomes based approach.