We recognize that long-term economic growth and the reduction of poverty and inequality in Latin America and the Caribbean depend ondevelopment that is both socially inclusive andenvironmentally sustainable. To that end, we have made a commitment to maximizing positive environmental and social outcomes ofo ur work while minimizing risks and negative impacts on people and natural capital.
We apply a comprehensive set of environmental and social safeguard policies tothe projects we finance to help protect against environmental and social harm, improve development value for our stakeholders, and enable our countries and clients to meet best international practices. These policies areessential to our mission to reduce poverty and inequality in Latin America and the Caribbean.
# of loans approved in 2014, classified Category A, Environmental and Social Impact
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# of loans with high environmental and social risks rated satisfactory in the implementation of safeguard mitigation measures in 2014.
million tons CO2eq emissions avoided from low-carbon development projects approved in 2014.
million tons CO2eq emissions generated from greenfield and expansion projects approved in 2014.
Environmental and Social Impact Assessments are prepared for projects with potentially substantial environmental and social impacts. ESIAs are made available to affected populations and local nongovernmental organizations by the borrower before the Bank conducts its Analysis/Due Diligence Mission and also are on the Bank’s website.
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