The Environmental and Social Framework (ESF) will go live in October 2018. The ESF consists of:
- the World Bank’s Vision for Sustainable Development
- the World Bank’s Environmental and Social Policy for Investment Project Financing (IPF), which sets out the requirements that apply to the Bank
- the ten Environmental and Social Standards (ESS), which set out the requirements that apply to the Borrowers
- Bank Directive on Addressing Risks and Impacts on Disadvantaged or Vulnerable Individuals or Groups
The ESF offers a broad and systematic coverage of environmental and social risks. The ESF makes important advances in areas such as transparency, non-discrimination, public participation, and accountability – including expanded roles for grievance mechanisms. It brings the World Bank’s environmental and social protections into closer harmony with those of other development institutions.
Preparations to implement the ESF are underway. The ESF will apply to all Investment Project Financing for World Bank-financed projects which have Project Concept Note approval on / after the date of effectiveness of the ESF. Projects which have Project Concept Note approval prior to the date of effectiveness of the ESF will remain under the current Safeguard policies throughout the life of the project.