Every project that we finance has to go through a human-rights-responsive due diligence process during which we assess the environmental and social impact.
We check the risk, frequency, and severity of human rights impacts throughout the project cycle, from the appraisal of a project and inclusion of contractual obligations in our financing agreements, to project monitoring until project completion and beyond.
We put in place mitigation measures wherever possible. During a due diligence process, we can also implement additional measures that improve human rights. We take an integrated approach to assessing and managing human rights.
We provide transparent reports on our assessment of the environmental and social impact of our operations. We also publish key environmental and social documents relevant to each of our operations.
Read more in our Environmental and Social Standards
Examples of our approach
As part of its standard due diligence, when a project requires further scrutiny on account of human rights, the Bank can take a number of actions and additional mitigation measures such as :
- Request the project promoter to undertake additional studies or mitigation measures
- Request labour audits or labour assessments
- Request indigenous people’s development plans
- Check for potential human rights violations in conflict or fragile regions
- Check that the rights to privacy and data protection are protected
- Insert appropriate contractual obligations, including reporting and monitoring requirements
- Stop the disbursements (and possibly recall the loan) until actions are corrected
- Refrain from financing a project on human rights grounds
Supporting promoters to engage with stakeholders
The Bank has published guidance to support promoters in their efforts to engage with stakeholders about environmental, climate and social risks and impacts. The note proposes measures and actions to address them. This includes specific recommendations about the need to address the risks of reprisals.
Read the guidance note