According to the Bank’s website, the Project includes three components:
Firm-Level: improve ESG performance of companies by advising selected clients in the real and financial sectors. This includes:
- Aligning their practices with IFC corporate governance (CG) methodology and Performance Standards (PS), thereby reducing their ESG risks and improving ESG performance.
- Strengthening companies’ boards, control environment, risk management, family governance, IESG commitment or developing their Environmental and Social Management Systems (ESMS).
Market-Level: build ESG market demand and local capacity by building the capacity of selected local intermediaries. This will help them improve their ability to provide training and advice on ESG (including on the governance of E&S practices). This includes:
- Raising awareness on the ESG business case and aligning their CG training with IFC’s updated CG methodology.
- Advancing their ability to promote the ‘women on boards’ agenda through training the future pipeline of women directors.
Regulatory-Level: support the market regulator, the Amman Stock Exchange (ASE), to strengthen ESG voluntary frameworks for ASE 20 Index 20 listed companies. This includes:
- Developing guidance on climate reporting requirements and disclosure for ASE 20 listed companies to follow.
No contact information provided at the time of disclosure.
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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 CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org