incorporating climate change considerations in social due … · eib participation in mega-projects...
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Incorporating Climate Change Considerations in Social Due Diligence: Lessons Learnt from the
European Investment Bank
Mariana RUIZ ALVARADO Social Development Specialist
15-12-10 European Investment Bank Group 1
Index
• Who is the EIB? • EIB participation in Mega-projects • The 2015 EIB Climate Strategy • The new EIA Directive 2014/52/EU • Climate Change and Social Due Diligence
• Resettlement • Working Camps and Influx • Human Resource Policies and Safety • Health • Vulnerable Groups
• Actions by the EIB
15-12-10 European Investment Bank Group 2
EIB Total lending and staffing – 2013/2014
Peer group of MDBs
15-12-10 European Investment Bank Group 3
EIB participation in Mega-Projects
15-12-10 European Investment Bank Group 4
London Crossrail & Gateway Port
Grand Paris Express
S7 Expressway (Gdansk-Warsaw
-Krakow)
Panama Canal Expansion
Metro Quito
Metro Lima (under appraisal)
Metro Cairo
Beijing Airport Expansion
Olkaria I & IV Geothermal Extension
A few examples:
EIB Climate Strategy
• Define high impact and increase pipeline of high impact eligible projects – climate action indicator
• Financial innovation • Supporting green bond market
Reinforce the impact of climate financing
• Increasing the portfolio of adaptation projects • Developing the use of climate risks and vulnerability • Making operations more resilient to climate change
Build resilience to climate change
• Improving mainstreaming tools • Extending coverage of sector policies • Managing portfolio climate risks
Further integrating climate change
considerations across EIB standards, methods
and processes
The new EIA Directive 2014/52/EU
• Reference to importance to “assess the impact of projects on climate (for example greenhouse gas emissions) and their vulnerability to climate change”
• Screening procedures must consider the risks of major accidents and/or disasters […], including those caused by climate change
• EIA report shall include: • Baseline for climate (e.g. GHG, impacts relevant to
adaptation); • Significant effects of the project on climate (e.g. the
nature and magnitude of GHG) and the vulnerability of the project to climate change.
• Applicable from 16th May 2017
15-12-10 European Investment Bank Group 6
Climate Change and Resettlement
• Safety against extreme weather events
• Access to water, food and ecosystem services
• Access to services (school, markets, hospitals…)
• Access to alternative livelihoods
15-12-10 European Investment Bank Group 7
Assessment of the host community in terms of
Climate Change, Working Camps and Influx
• Working Camps: climate change resilient • Influx of workers: shortages of water, food and
ecosystem services (cumulative impacts)
15-12-10 European Investment Bank Group 8
Climate Change, HR Policies and Safety
• Access to workplace: Incidence of extreme weather events (commuting and workplace to remain open)
• Workers’ productivity: reduction due to heat stress; • Emigration due to CC: aggravate worker turnover
and availability of qualified workers • Hazardous waste: management, disposal and
storage may be hindered by floods, fires or hurricanes
15-12-10 European Investment Bank Group 9
Climate Change and Health
15-12-10
European Investment Bank Group 10
Source: WHO and IPCC 3
CLIMATE CHANGE
Human Exposures
Regional weather changes
• Heatwaves • Extreme weather • Temperature • Precipitation
Health Effects • Temperature-
related • Air pollution-
related • Water and
food-borne diseases
• Effects of food
and water shortages
• Mental,
nutritional, infectious and other
Contamination Pathways
Transmission Dynamics
Changes in agro-ecosystems,
hydrology
Socioeconomic and demographic
disruption
Modulating influences
Climate Change and Vulnerable Groups
• Less resilient to CC and their conditions can be aggravated by CC.
• Reduced stakeholder engagement and participation in decision making by these groups
• Specific cases: • Gender • Indigenous peoples and
forest people
15-12-10 European Investment Bank Group 11
Actions by the EIB
• The Environment, Climate and Social Office at the EIB is launching a study for the integration of CC considerations in E&S due diligence
• This will result in a revision of Standard 4 on Climate Change from the EIB Environmental and Social Handbook.
15-12-10 European Investment Bank Group 12
Training-day for E&S assessment consultants in 2016
