ESG & Accountability To Communities
25. E&S global disclosure policy
Survey question
Does the DFI have a policy on early disclosure of investments?
Does the DFI clearly articulate what E&S documentation will be disclosed for medium and high-risk projects?
Does the DFI disclose the E&S policies/standards it applies (e.g. IFC Performance Standards or in-house policies) for its investments?
Does the DFI have a policy that specifies when a document should be translated and in which language?
Does the DFI disclose an explanation of project risk categorisation?
Does the DFI disclose a list of investment exemptions?
Definition
Global online E&S disclosure policy may be included in other documentation including E&S standards or institutional disclosure policies.
An early disclosure policy details the period of time that a DFI has to disclose a proposed investment or activity before it is considered for board approval.
The DFI should identify the minimum level of document disclosure expected for medium and high risk (category B and category A or equivalent) activities.
E&S policies/standards govern the DFI’s management of E&S risk. Examples include the IFC Performance Standards and EBRD Performance Requirements.
E&S documentation should be in relevant languages so that it is accessible for stakeholders, especially project-affected communities. DFI policy should set forth when and how translation should happen, including when translation to the national language is required.
An explanation of project risk categorisation explains what attributes of a project contribute to the application of risk categories.
Investment exemptions are types of businesses (or sectors) in which the DFI is prohibited from investing.
Additional definitions and notes
If a DFI uses E&S standards other than its own, it should provide a link to the relevant documentation.
For DFIs that don’t apply risk categorisation for projects the DFI should articulate what E&S documents will be disclosed for different projects.