WHAT EXACTLY DO DEG AND KFW REQUIRE FROM THEIR CUSTOMERS RELATED TO E&S MANAGEMENT?
KfW has been committed to improving economic, social and environmental living conditions across the globe on behalf of the Federal Republic of Germany and the federal states since 1948. As a bank committed to responsibility, KfW (through DEG and the KfW Development Bank) promotes and finances undertakings that contribute to sustainable development of the local population. We finance development projects and investments by partners which share our focus on long- term success rather than on short-term profit and operate accordingly. In this context, environmental protection and compliance with social standards are decisive yardsticks for KfW to become involved. Good corporate governance plays an important role. Read more about DEG here and KfW Development Bank here.
The present E-Learning platform has been set up by Innovativkonzept GmbH who also administer the platform and the trainings. DEG and KfW Development Bank are content partners.
Their Environmental and Social Policy and the following requirements are based entirely on international standards and are in line with the environmental and social standards set by many development finance institutions such as ADB, AfD, EBRD, IFC, FMO, Proparco and other European Development Finance Institutions (EDFI):
Development, implementation and continuous improvement of an adequate ESMS potentially through an action plan agreed with DEG or KFW;
Assignment of E&S responsibilities to a suitably trained officer and a representative of senior management and/or board member;
Annual Environmental and Social Monitoring Report and on an ad-hoc basis in case of unusual events;
Implement and maintain adequate Human Resource Management Structures to ensure compliance with ILO Fundamental Conventions.
What other support do DEG and KFW offer to its customers related to E&S management other than this E-Learning platform?
Example: As part of the financial cooperation, DEG and KfW can support FI customers in the process of developing and implementing an adequate ESMS. For this purpose, DEG and KfW have entered into framework agreements with highly qualified international experts in order to provide guidance and advice to financial institutions.
The five-phased approach:
Phase
1
1
Assessing the status quo;
Phase
2
2
Supporting the development of policies, procedures, tailor-made tools, checklists;
Phase
3
3
Review of policies and procedures, on-site training of key staff;
Phase
4
4
Evaluation of the implementation of E&S policies and procedures;
Phase
5
5
Provision of on-going off-site support and final evaluation.;
Click here in case you want to find out more and contact DEG. In case you wish to contact relevant DEG staff, kindly do so by sending an email to ESG-Trainings@deginvest.de
Click here in case you want to find out more and contact KfW. In case you wish to contact relevant KfW staff, kindly do so by sending an email to Sustainability.Training@kfw.de.
IN COOPERATION WITH INNOVATIVKONZEPT GMBH (IK)
This platform has been developed in cooperation with Innovativkonzept GmbH (IK), Germany and financed by means of BMZ. IK is responsible for the training courses content as well as for the administration of the E-learning Platform. Sustainability.Training is a trademark of Innovativkonzept GmbH.
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