Acleda Education

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The scope of this review includes assessing the capacity and systems of the company to oversee and monitor compliance of the project with IFC’s Performance Standards as well as national environmental, social and occupational health and safety regulatory requirements in Cambodia. The review relied on documents provided by the sponsor and AIB, and on interviews conducted by IFC with sponsor and company representatives including the Chief executive officer, the head of personnel and administration department, the manager of the mechanical and engineering Unit, the head of the engineering department and other responsible staff, as well as a contractor representative. IFC visited the Acleda Bank building expansion site with ongoing construction activities, the greenfield campus site, and interviewed local residents from 6-8 October 2014.IFC’s appraisal considered the environmental and social management planning process and documentation for the project, as described above, and gaps, if any, between these and IFC’s requirements. Where necessary, corrective measures intended to close these gaps within a reasonable period of time are summarized in the paragraphs that follow and in an agreed Environmental and Social Action Plan (ESAP). Through ESAP and management plan implementation, the project is expected to be designed and operated in accordance with Performance Standards objectives.