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22. The Project Proponent will disclose certain project SE documents final, for example: Amdal
documents, EA reports, Resettlement Action Plans RAPs, Indigenous Peoples Development Plans IPDPs, or other SE related documents,
etc., on IIF’s website or sponsor website, client or developer’s website, and if applicable and required, a public place accessible to affected groups, local
NGOs and other stakeholders as needed to meet GoI requirements.
3.4 SE Operating Procedures: Post Sanction of a Loan
23. This stage will comprise regular monitoring and auditing of compliance conditions for the
investments and corrective action plan proposed as part of the SEDD report. This stage requires that the developers submit regular reports with regard to compliance of social and environmental
covenants of the loan.
24. SE steps at the post-sanction stage will include the following activities:
Regular compliance monitoring using Monitoring Supervision Indicators;
Monitor compliance with loan covenants;
Assess and monitor implementation of Environment Social Corrective Action Plan and
mitigation measures, and check for adherence to ambient standards; monitoring by field visits investigations;
Obtain, review and investigate information available in the public domain regarding
incidents, adverse impacts, local communities or the environment or adverse environmental or social performance associated with the project;
If on review, EMP shows inadequacies andor inappropriate reflection in project costs,
then update and re-do financial appraisal to strengthen EMP and reassess commercial viability of the project. Obtain board approval for the revisions, if any; and
Conduct compliance monitoring, and assess effectiveness of the Resettlement Action
Plan or Livelihood Restoration Plan or Indigenous Peoples Development Plan, Labour and Community Health and Safety Plans at the defined frequency as per the loan
covenants.
25. The above will be the responsibility of the Social Environmental Specialist in the SEU in
coordination with consultants engaged by SEU for specialized input. SEU will be responsible for the Annual Environmental and Social Performance Report AESPR.
Reporting:
Report on the compliance of Social and Environmental covenants of financing and
implementation of corrective action plan at frequent intervals to be defined in the investment agreement developer will report quarterly during implementation stage,
Report on the implementation of various mitigation plans including EMP,
resettlementindigenous people plans LARAPIPDP at defined frequency developer will report quarterly,
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Prepare reports on its SEU performance on environmental and social safeguards
and submit to stakeholdersboard annually;
Environmental audit: conduct environmental audits and disclosure to public regularly. 26.
Documents at this stage will include the following:
Annual Environmental Monitoring Report AEMR and Annual Social Safeguard Monitoring Report ASSMR to be submitted by the Project to IIF;
Annual Environmental and Social Performance Report AESPR by IIF to all Strategic
Investors; and
Periodic compliance reports by the client or developer.
3.5 Project Completion Stage
