We seek to ensure that the projects we finance are environmentally and socially sustainable, respect the rights of affected workers and communities and are designed and operated in compliance with applicable regulatory requirements and international good practice.
These objectives are formalised and implemented through three major Good Governance Policies (GGPs): the Environmental and Social Policy, the Public Information Policy and the Rules of Procedure for the Bank’s independent Project Complaint Mechanism (PCM). This framework continued to provide a high level of assurance, transparency and accountability in 2013.
In line with our policy review schedule, we began integrated reviews of all three Good Governance Policies during 2013, commencing with an initial phase of public consultation and invitations to comment. The review process will be completed in 2014.