Environmental and Social Governance (ESG) Compliance Study

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Introduction

The World Bank under the Program for Results (PforR) Grid Connected Solar Rooftop Programme has clearly mandated The State Bank of India (SBI) to provide loans to only those projects that comply with The World Bank’s ESG framework. The Programme Appraisal Document (PAD) clearly articulates the areas for action under the ESG framework by the SBI based on the (ESSA).

Objectives of ESG compliance study

The objective of this study was to understand the gaps in the implementation of recommendations (if any) and enable SBI officials and lender’s independent engineers (LIEs) in the implementation of the proposed actions in relation to the ESG framework.

Activities

As- is review of all ESG processes and activities at the institution level

Review of all prepared loan documentations as per the Operational Manual

Information collection and processes undertaken by LIE

Review of training material to SBI officials

Review of ground mounted systems

Intended Outcomes

Review/Gap Assessment Report

Addendum to ESSA for Residential sector

EHSS implementation guide for SBI officials during appraisal phase

Training Modules on ESG

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