IESCG-2UI

completed

IFC will provide demand-driven ESG advisory services based on its established delivery methodology. Specifically, the Project will: 1. Provide ESG leadership and raise awareness of ESG issues for firms in ECA region through outreach and ESG-related publications. 2. Improve the ESG standards in the regulatory framework, through development of codes, regulations and other instruments, such as ESG Scorecards to support good practices in certain countries in the ECA region. 3. Support the building and development of local institutional capacity for the promotion and implementation of good ESG practices in selected ECA countries. 4. Promote investors and banks to consider ESG in their financing decision-making. 5. Assist companies in the ECA region to improve their ESG standards, which will lead to improved performance (reduced capital cost, higher valuations, improve loan terms) and/or efficiency (improved operations, clearer structures, better defined roles, etc.). This will be achieved through the delivery of one-to-one consulting work as well as training events and workshops. Additionally, some limited work with IFC investment clients will be conducted in Romania.