Environmental & Social Due Diligence (ESDD)
The ESDD can be carried out in all the phases of a project life-cycle. We carry out E&S due diligence of investment projects in the following areas:
- Assessment of E&S risks / performance of investment projects
- Gap analysis between IFC Performance Standards and local E&S standards
- Preparation of an E&S Action Plan (ESAP) specifying necessary activities in order to reach compliance with IFC PS, responsibilities, budgets, performance indicators.
- Formulation of ready-to-use E&S review summaries in line with client requirements
How can CENGSSUD help you?
- CENGSSUD’s multidisciplinary team comprising of Sustainability Professionals, Environmental, Social, Governance & Community experts can detect and identify the risks before the initiation of any project. Our experts are management professionals who have an in depth understanding of local, national legislation and international best practices & guidelines like International Financial Corporation Performance Standard ( IFC PS), The “Environmental, Health and Safety Guidelines” of the World Bank Group, The Equator Principle III, The Conventions of the International Labour Organization (ILO), The Nigerian Sustainable Banking Principles etc.
- We undertake independent reviews and audits, offer the technical support needed to complete the comprehensive and timely review of a project. Our detailed due diligence assessment report submitted at the end of the study will highlight & summarize the project performance relative to a range of assessment criteria viz environmental, safety and social aspects of the project. The reports are organized to provide necessary information in a user-friendly format – with findings prioritized and tabulated according to risk. The technical content is based on the nature, scale and scope of the project that is being assessed.
Benefits
- Environment & Social due diligence benefits both the investee & the investor. Investee can identify the E & S risks of the project and thus take appropriate action to mitigate the same. It is a preventive action which saves cost & prevents possible future losses & damage.
- Takes care of the compliance issues in the system
- Ensures better performance to both parties
- Helps in decision making to the investors
- Investors can be assured of the sustainability issues of the investees
- Increases the trust & confidence of stakeholders of both the investees and the investor
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