Ifc Seco-Funded Integrated Environmental, Social and Corporate Governance Program... Tender

Procurement Summary

Country : USA

Summary : Ifc Seco-Funded Integrated Environmental, Social and Corporate Governance Program End of Program Eva

Deadline : 19 Mar 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 115807891

Document Ref. No. : 0002014459

Competition : ICB

Financier : World Bank (WB)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

This evaluation will cover theSECO funded ESG Program implemented from 2019 to 2024 in the Eastern Europe andCentral Asia (ECA) region (termed “EAST” region by SECO). The “Promoting Investment throughIntegrated Environmental, Social and Governance (ESG) Standards Program” (“the ESGProgram”) sought to promote sustainable investment into selected priority countriesin Eastern Europe and Central Asia, through a programmatic approach targetingESG in both the financial and real sector:· To improve financial sector efficiency through buildingsustainable financial markets that integrate ESG factors into capitalallocation; and· To improve access to investment and markets for real sectorcompanies through enhancing their ESG practices and aligning them withinternational standards.These objectives were to beachieved by coordinated efforts to help: regulators improve the regulatory environmentfor ESG; investors and lenders to assess company ESG performance; companies to implementgood ESG practices; intermediaries to provide the private sector with solid ESGadvice.A strong focus was on thefinancial sector to integrate ESG standards into the investment processes offinancial institutions, thereby encouraging greater allocation of capital tocompanies with strong governance and sustainability performance. Companiesrespond quickly to investor needs and so expanded use of ESG by financialinstitutions has an amplified effect on the real economy.Through these interventions atseveral points of entry, the Program aimed to increase and accelerate theadoption of cost-effective ESG practices in companies across the region, opening them up to investment and sustainable growth, reducing negativeexternal impacts, and ultimately benefiting the economy and population inEastern Europe and Central Asia. The Program was designed with a regionalnetworking and peer learning approach, while targeting seven countries of focus(Bosnia and Herzegovina, Georgia, Kosovo, Kyrgyz Republic, Tajikistan, Serbiaand ...

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