Environmental and Social Policy Framework
Date issued
September 2020
Subject
Sustainable Development;
Environmental Protection;
Environmental and Social Policy Framework;
Gender;
Environmental Policy;
Health;
Environmental Impact;
Environmental and Social Safeguard Strategy;
Biodiversity;
Natural Resource;
Auditing;
Risk Management;
Climate Change;
Social Inclusion;
Labor Force;
Loan Operation;
Indigenous People;
Stakeholder Ecosystem;
Finance;
Human Rights;
Environment and Natural Resource;
Social Responsibility;
Gender Equity;
Prior Consultation;
Climate Resilience
JEL code
Q01 - Sustainable Development;
Q56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population Growth;
Q58 - Government Policy;
O54 - Latin America • Caribbean;
J18 - Public Policy;
R58 - Regional Development Planning and Policy
Category
Catalogs and Brochures
The Environmental and Social Policy Framework (ESPF), approved in September 2020, is the IDBs guiding document to ensure that projects financed in Latin America and the Caribbean promote sustainable and inclusive development. The ESPF focuses on managing environmental and social risks and impacts, elevating respect for human rights. It prioritizes gender equality, non-discrimination of vulnerable groups, resilience to climate change, and biodiversity protection (prohibiting offsets in critical habitats). Ten Environmental and Social Performance Standards (ESPS) detail the requirements for borrowers, covering everything from risk assessment and working conditions to resettlement and stakeholder engagement.
NO