ESRM SouthAfrica (IFC-599201)

  • South Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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
Aug 11, 2017
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.
Republic of South Africa
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 0.68 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 @ IFC website

Updated in EWS Dec 20, 2017

Disclosed by Bank Nov 28, 2017

Contribute Information
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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.
Seeking to address the identified key constraints to the uptake of E&S standards by Financial Institutions (FIs), the program objectives are implemented through the following components: Component 1: Creating an enabling environment by working with government and industry associations to enhance E&S policy, guidelines and standards for FIs. 1) Engaging with financial sector regulators, policy setting bodies and industry associations, individually and through the Sustainable Finance Working Group. The Working Group is tasked with developing a White Paper on South Africa's sustainable finance strategy. 2) Capacity building of staff at financial sector regulators and policy setting bodies on the supervision of E&S risks in the financial through tailored training sessions for relevant departments. 3) Development of policy frameworks and guidelines for implementation by banks. The exact structure of policy frameworks and guidelines will be determined by the recommendations of the Working Group in the Sustainable Finance White Paper. Component 2: Building market capacity to support the implementation of E&S standards and best practices by FIs. 1) Provision of training to local consultants and supporting partner capacity building to ensure that they are equipped with the knowledge and tools to support bank clients through partner organisations. 2) Establishment of long-term strategic partnerships with capacity building organisations (e.g. training institutes, business associations, business schools) who will be responsible for delivering E&S training programs to FIs on a commercial basis beyond the life of the project. Component 3: Awareness raising and sensitization through market level training of FIs and other stakeholders (e.g. FI clients, industry associations, etc.). By 2019, the program will have developed a (1) South Africa specific online information portal for local stakeholders (i.e. the FIRST Portal), and convened at least 15 awareness raising workshops for relevant stakeholders on ESRM. Component 4: Direct assistance to FIs on the development and implementation of ESRM systems. Activities supported under this component will be jointly undertaken with consultants trained under component 2. 1) Assessment of existing ESRM practices and development of improvement plans for FIs. 2) Provision of training and support to FIs to assist them with the development and implementation of ESRM systems and to equip the supported FI staff with the knowledge and tools for effective ESRM implementation. 3) On the job capacity building of selected consultants participating in the program by inviting them to partner with IFC to provide support to specific FIs.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works