ENVIRONMENT AND SOCIAL DUE DILIGENCE (ESDD) NON-TECHNICAL SUMMARY (NTS)
Since 2020, the group of potential lenders to the EACOP project have retained consultants to carry out environmental and social due diligence (ESDD) of the project. This Lenders’ Environmental and Social Consultant (LESC) assesses and reports on EACOP compliance with lender environmental and social standards including the International Finance Corporation (IFC) 8 Performance Standards (PSs). The ESDD is undertaken through a combination of document review, site visits and interviews with EACOP and stakeholders plus identification of environmental and social risks and impacts that the Project could generate during the construction and operation phases. This document, prepared by the LESC, is a Non-Technical Summary (NTS) of the ESDD process so far to provide an easily understandable summary of the information included in the ESDD reports.
Since the early stages of the Environmental and Social Due Diligence process that commenced in 2020, EACOP has made significant progress in all the ESHS areas reviewed and no “red flags” have been identified. EACOP is working on some additional studies to address the remaining gaps identified and is on track to meet Lenders’ requirements by mid-2023 before the start of major construction activities. Lenders’ Environmental and Social Consultant(LESC) Team Director