Nepal Rastra Bank
Does the framework make reference to international E&S targets (SDGs, Paris Agreement, Global Compact)?
Does the framework make reference to established international E&S risk management standards (IFC PSs, EPs)?
Does the framework make reference to established international sustainability reporting standards (GRI, SASB)?
Does the framework make reference to established international climate finance reporting standards (TCFD)?
Does the framework ask to make E&S policies, practices and results externally verified (assurance, independent review)?
The Guideline requires all B/FIs engaging in the types of transactions mentioned above to develop and implement an Environmental and Social Management System (ESMS) consistent with local environmental and social laws and regulation and overtime with recognized international standards such as IFC’s Performance Standards on Environmental and Social Sustainability and the Equator Principles.
Guideline on Environmental and Social Risk Management for Banks and Financial Institutions (NRB, 2018)Download