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The Fund focussing on affordable housing was set upwith investments from various Development Finance Institutions. Environmental Management Centre LLP was appointed for development of an Environmental and Social Management Framework (ESMF) commensurate with the level of environmental and social (E&S) risk that may exist within the fund and conforming to investor safeguards.In addition to the ESMF, a Manual for Environmental, Health & Safety Management during construction was prepared to aid in maintaining a baseline system on environmental, health and safety at project sites funded by the Fund. Post approval of the ESMF by the investors and the Fund’s Board, EMC was appointed as the E&S Consultant for supporting the Fund in implementation of the ESMF. In this capacity, EMC applies the E&S risk assessment and management framework to every transaction that is evaluated by the Fund, visits the project site during construction stage for assessment or monitoring, conducts Internal Audit on implementation of the system, and supports in responding to queries from the investors.

Development and Implementation of an Environmental and Social Management Framework for an affordable housing fund
Development and...
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Development and Implementation of an Environmental and Social Management Framework for an affordable housing fund