Enhancing Environmental Sustainability through Inclusive, Integrated Solutions (formerly Mainstreaming Circular Economy Approaches for Sustainable Development) (ADB-57024-001)

Regions
  • East Asia and Pacific
  • Europe and Central Asia
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 14, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Climate and Environment
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.51 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 3.51 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 3.54 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 17, 2024

Disclosed by Bank Dec 14, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the ADB, the TA will help developing member countries (DMCs) of the Asian Development Bank (ADB) to adopt environmentally sustainable growth trajectories by providing targeted technical support, policy advice, knowledge sharing, and capacity building. The TA team will deliver regional diagnostic and analytical studies of key environmental issues and systems, support the identification and development of integrated and nature-based solutions such as innovative financing mechanisms, establish and operationalize the Nature Solution Finance Hub (NSFH), and organize associated knowledge generation and sharing activities.

The TA team will take a biome, multisector, and issue-based approach to the proposed regional research and solution offerings. These will cover (i) seascapes for marine and coastal protection, and resilience to climate change, involving all ADB regional departments; (ii) work with sector groups and private sector development; and (iii) waste management and plastic pollution control with a regional focus, involving the Southeast Asia and South Asia departments. The knowledge generation and sharing activities, along with nature-based and financing solutions developed under the TA will be available to all regional departments.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the ADB, US$ 0.03 million will be financed on a grant basis by the Global Environment Facility and administered by ADB.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leaders:

James Baker - Senior Circular Economy Specialist
Isao Endo - Environment Specialist
Melody Ovenden - Senior Environment Specialist

No contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

How it works

How it works