Determining environmental and social risk rating in a multilateral development bank
Abstract
The Inter-American Development Bank (IDB) is committed to managing environmental and social risks in all banking operations. To meet this commitment, the IDB applies a risk-based approach to environmental and social management for project development and execution to prioritise its interventions. The purpose of this paper is to describe the key concepts involved in determining the environmental and social risk rating of IDB operations and its value to the bank's overall risk management framework.
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Author's Biography
Cristiane Ronza is responsible for environmental, social, governance and climate change risk management, having worked in both the public and the private sectors in technical and leading functions. Prior to joining the Inter-American Development Bank, Cristiane was HSBC's Sustainability Risk Manager working in the corporate sustainability group for Latin America, Europe and Asia. Cristiane has a Master's degree in environmental policy from the University of Campinas in Brazil, and UNDP-UNEP's Environmental Management Diploma from the Dresden University of Technology in Germany.
Stefanie Brackmann currently leads on the quality assurance and risk management reviews of operations during preparation. Stefanie worked for 12 years on high-risk complex operations, and for two years in the Haiti Country office. Prior to joining IDB, Stefanie worked as an environmental specialist at the World Bank in the Middle East, North Africa and the Africa Region. Stefanie has a Diploma in Geography from the University of Gottingen in Germany.
Citation
Ronza, Cristiane and Brackmann, Stefanie (2023, January 1). Determining environmental and social risk rating in a multilateral development bank. In the Journal of Risk Management in Financial Institutions, Volume 16, Issue 1. https://doi.org/10.69554/ZFTI5079.
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