Environmental and Social Due Diligence (ESDD) process
An independent Environmental and Social Due Diligence (ESDD) review is being carried out on EACOP against the applicable Environmental and Social (ES) requirements that include the International Finance Corporation (IFC) Performance Standards, the Equator Principles IV (EPs) and the OECD Common Approaches.
The Environmental and Social Due Diligence (ESDD) process is being undertaken by third party independent Environmental and Social Consultants which comprises a team of 8 internationally experienced specialists covering expertise on environment, social/ resettlement, terrestrial biodiversity, marine biodiversity, social development, cultural heritage, earth science and archaeology.
The ESDD process combines desktop reviews, interviews, workshops and on the ground field visits. The process commenced in 2021 with the first ‘Initial ESDD’ report issued in June 2021, the latest ‘Progress ESDD’ report was issued in March 2022, and the Final ESDD report will be issued in Q4 2022 and published on this website.
The main interim conclusions of the last ‘Progress ESDD’ report issued by the LESC in March 2022 are:
- EACOP either meets or is on track to meet all 8 IFC Performance Standards
- No ‘red flag’ items
- The practical implementation of the Environment and Social Action Plan (ESAP) is on track and consistent with the current stage of project development
This 3rd party oversight will continue into the construction and operations phases including monitoring field visits and reporting.