Environmental and Social Management System or “ESMS” means the part of the overall management system of the Borrower that includes the relevant policies, organizational structure, planning activities, responsibilities, practices, procedures and resources for developing, implementing, achieving, reviewing and maintaining compliance with the Environmental and Social Requirements and which is dedicated to the structural improvement of the environmental and social performance of the Borrower, satisfactory to FMO.
Environmental and Social Management System means the overarching environmental, social, health and safety management system (which term may refer to the system for the construction phase of the Project or the system for the operational phase of the Project, or to both systems collectively, as the context may require) as described in system manuals and related source documents, including policies, management programs and plans, procedures, grievance mechanisms, requirements, performance indicators, responsibilities, training and periodic audits and inspections with respect to Environmental and Social Matters designed to identify, assess and manage risk in respect to the Project on an ongoing basis.
Environmental and Social Management System means the part of the overall management system of the Obligors that includes the relevant policies, organisational structure, planning activities, responsibilities, practices, procedures and resources for developing, implementing, achieving, reviewing and maintaining compliance with the environmental and social requirements under this Agreement, dedicated to the systematic and structured improvement of environmental and social performance, specifically targeted to identify and manage environmental and social risks relating to the business of the Obligors and its Affiliates and assuring compliance with the provisions of Annex 1 (AFC Exclusion List), satisfactory to the Lenders.
Examples of Environmental and Social Management System in a sentence
An Environmental and Social Management System (ESMS) has been developed by the government and FIs. Each FI will establish the ESMS within their business procedures.
The Global EbA Fund Environmental and Social Management System (ESMS) is developed based on IUCN’s Environmental and Social Management System.
The Global EbA Fund, operates an ESMS Grievance Mechanism which can be used to submit information on corruption and bribery along with any other concerns about the executing entity's failure to respect IUCN ESMS principles, standards or procedures: Environmental and Social Management System | Global EbA Fund.
An Environmental and Social Management System (ESMS) is required.
Environmental aspects of the decommissioning stage should be also considered, both during initial design and during periodic reviews undertaken as part of the Environmental and Social Management System (ESMS).
More Definitions of Environmental and Social Management System
Environmental and Social Management System or “ESMS” means the environmental and social management system, adopted by TKYB to identify, assess, manage and monitor the environmental and social risks and impacts of Subprojects, that has been assessed by the Bank to be satisfactory in accordance with the Environmental and Social Standards.
Environmental and Social Management System means the part of the overall management system of the Company and its Subsidiaries that includes the organisational structure, planning activities, responsibilities, practices, procedures and resources for developing, implementing, achieving, reviewing and maintaining compliance with the Environmental and Social Requirements and which is dedicated to the structural improvement of the environmental and social performance of the Company and its Subsidiaries satisfactory to Proparco.
Environmental and Social Management System means the Borrower’s system to identify, assess, manage, and monitor the environmental and social risks and impacts of the activities under ILBANK’s Respective Parts of the Project on an ongoing basis, taking into account the national laws and regulations and the requirements of the World Bank.
Environmental and Social Management System and “ESMS” means the systematic process for identifying, assessing and managing environmental and social risks and impacts associated with activities under the Project and managing exposure to such risks and impacts by BB and PFIs in a manner that enables the Subprojects to meet Applicable Environmental and Social Requirements; which systematic process contains the following core elements: (i) IPFF II Environmental and Social Policy and Procedures prepared and amended by BB from time to time; (ii) a customized ESMS prepared and implemented at the PFI’s level; and (iii) Environmental and Social Assessment and Management Systems implemented by Investment Sponsors in accordance with the relevant regulations of BB and Applicable Environmental and Social Requirements for IPFF II. Adequate implementation of the ESMS means that BB, PFIs, and Sponsors develop and maintain adequate policies, procedures, organizational structure, budget, and capacity for identifying, managing, monitoring, and reporting on risks and impacts of Subprojects.
Environmental and Social Management System or “ESMS” means, each, the health, safety, and environment integrated management system and the sustainability management system, implemented or to be implemented by the Recipient to manage the environmental and social performance of Part 2.B of the Project in compliance with the Performance Standards (as hereinafter defined) and the Applicable Environmental and Social Laws.
Environmental and Social Management System or “ESMS” means the system, acceptable to the Bank, to be implemented by the Borrower, and by Maxis, as the General Partner and the Fund Manager, for the TGF, that shall serve to identify, assess, manage and monitor the environmental and social risks and impacts of the Investments, as such ESMS may be revised from time to time with the prior written agreement of the Bank.
Environmental and Social Management System means an environmental and social management system to be adopted, with ADB’s prior approval, and implemented by each FI and with the PMOs fulfilling the roles assigned to them in the ESMS, in accordance with the template ESMS provided by ADB or a simplified version to be adopted, with ADB’s prior approval, by an RFSP;