Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions : Phase One

The World Bank Group (WBG) has emerged as a standard bearer that members of the international corporate community assess themselves against, often regardless of whether they are involved in a direct funding relationship. For example, a trend has be...

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Main Authors: Everett, Richard, Gilboy, Andrew
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
GAS
OIL
TIN
Online Access:http://documents.worldbank.org/curated/en/2003/06/18594735/associates-global-change-impact-world-bank-groups-social-environmental-policies-extractive-companies-financial-institutions-first-phase
http://hdl.handle.net/10986/16957
id okr-10986-16957
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ABATEMENT
ACTIVE MINES
ARTISANAL MINERS
ARTISANAL MINING
AUDITS
BASE METALS
BAUXITE
BRANCHES
BUSINESS UNIT
CARBON
CERTIFICATION
CHILD LABOR
CLEAN- UP
CLEAN-UP
CLIMATE CHANGE
COAL
COBALT
COMPANY
CONSTRUCTION
COPPER
CORPORATE OFFICER
CORPORATION
DEBT
DIAMOND MINING
DIAMONDS
DRILLING
DRIVERS
ECONOMIC CONDITIONS
EMISSIONS
EMPLOYMENT
ENERGY CONSUMPTION
ENERGY EFFICIENCY
ENTREPRENEURS
ENVIRONMENTAL
ENVIRONMENTAL ASSESSMENT
ENVIRONMENTAL ASSESSMENTS
ENVIRONMENTAL CONSERVATION
ENVIRONMENTAL IMPACT
ENVIRONMENTAL IMPACT ASSESSMENT
ENVIRONMENTAL IMPACT ASSESSMENTS
ENVIRONMENTAL IMPACTS
ENVIRONMENTAL ISSUES
ENVIRONMENTAL MANAGEMENT
ENVIRONMENTAL PERFORMANCE
ENVIRONMENTAL POLICIES
ENVIRONMENTAL POLICY
ENVIRONMENTAL PROBLEMS
ENVIRONMENTAL REHABILITATION
ENVIRONMENTAL REMEDIATION
EXPENDITURES
EXPLORATION ACTIVITIES
EXTRACTIVE COMPANIES
EXTRACTIVE INDUSTRIES
EXTRACTIVE INDUSTRY PROJECTS
EXTRACTIVE INDUSTRY REVIEW
EXTRACTIVE SECTOR
EXTRACTIVE SECTORS
FARMS
FINANCIAL INSTITUTIONS
FIRMS
FISH
FISHING
FORCED LABOR
FORESTRY
GAS
GLOBAL WARMING
GOLD
GOVERNMENT REGULATIONS
HARD ROCK
HEALTH AND SAFETY
HEALTH AND SAFETY ISSUES
HOLDING COMPANY
INDIGENOUS PEOPLES
INDUSTRIAL MINERAL
INVOLUNTARY RESETTLEMENT
IRON
JOINT VENTURE
LABOR UNIONS
LARGE MINING
LENDER
LENDERS
MANGANESE
MERGERS
METALLURGY
METALS
MINE CLOSURE
MINE EMPLOYEES
MINERAL PRODUCTION
MINERALS
MINES
MINING COMPANIES
MINING COMPANY
MINING INDUSTRY
MINING OPERATIONS
MINING PRODUCTION
MINING SECTOR
MMSD
MMSD PROJECT
MULTINATIONAL
MULTINATIONAL COMPANIES
NATURAL GAS PIPELINE
NICKEL
OCCUPATIONAL HEALTH
OCCUPATIONAL HEALTH AND SAFETY
OCCUPATIONAL SAFETY
OCCUPATIONAL SAFETY AND HEALTH
OIL
OIL AND GAS PRODUCTION
OIL COMPANIES
OIL INDUSTRY
PIPELINES
PLATINUM
POLLUTION
POLLUTION CONTROL
POLLUTION LEVELS
POLLUTION STANDARDS
POVERTY ALLEVIATION
PRECIOUS METALS
PROACTIVE POLICIES
PRODUCERS
RECLAMATION
REFINING
RESETTLEMENT ISSUES
RESOURCE CONSTRAINTS
RETURN ON INVESTMENT
SAFEGUARD POLICIES
SAFETY
SHAREHOLDERS
SILVER
SMALL BUSINESS
SMALL BUSINESS DEVELOPMENT
SMALL FIRM
SMALL FIRMS
SMALL MINERS
SMALL MINING
SUPPLIER
SUPPLIERS
SURROUNDING COMMUNITIES
SUSTAINABILITY
SUSTAINABLE DEVELOPMENT
TECHNICAL ASSISTANCE
TIN
TRIPLE BOTTOM LINE
VENTURE CAPITAL
WATER POLLUTION
WATER SUPPLY
ZINC
spellingShingle ABATEMENT
ACTIVE MINES
ARTISANAL MINERS
ARTISANAL MINING
AUDITS
BASE METALS
BAUXITE
BRANCHES
BUSINESS UNIT
CARBON
CERTIFICATION
CHILD LABOR
CLEAN- UP
CLEAN-UP
CLIMATE CHANGE
COAL
COBALT
COMPANY
CONSTRUCTION
COPPER
CORPORATE OFFICER
CORPORATION
DEBT
DIAMOND MINING
DIAMONDS
DRILLING
DRIVERS
ECONOMIC CONDITIONS
EMISSIONS
EMPLOYMENT
ENERGY CONSUMPTION
ENERGY EFFICIENCY
ENTREPRENEURS
ENVIRONMENTAL
ENVIRONMENTAL ASSESSMENT
ENVIRONMENTAL ASSESSMENTS
ENVIRONMENTAL CONSERVATION
ENVIRONMENTAL IMPACT
ENVIRONMENTAL IMPACT ASSESSMENT
ENVIRONMENTAL IMPACT ASSESSMENTS
ENVIRONMENTAL IMPACTS
ENVIRONMENTAL ISSUES
ENVIRONMENTAL MANAGEMENT
ENVIRONMENTAL PERFORMANCE
ENVIRONMENTAL POLICIES
ENVIRONMENTAL POLICY
ENVIRONMENTAL PROBLEMS
ENVIRONMENTAL REHABILITATION
ENVIRONMENTAL REMEDIATION
EXPENDITURES
EXPLORATION ACTIVITIES
EXTRACTIVE COMPANIES
EXTRACTIVE INDUSTRIES
EXTRACTIVE INDUSTRY PROJECTS
EXTRACTIVE INDUSTRY REVIEW
EXTRACTIVE SECTOR
EXTRACTIVE SECTORS
FARMS
FINANCIAL INSTITUTIONS
FIRMS
FISH
FISHING
FORCED LABOR
FORESTRY
GAS
GLOBAL WARMING
GOLD
GOVERNMENT REGULATIONS
HARD ROCK
HEALTH AND SAFETY
HEALTH AND SAFETY ISSUES
HOLDING COMPANY
INDIGENOUS PEOPLES
INDUSTRIAL MINERAL
INVOLUNTARY RESETTLEMENT
IRON
JOINT VENTURE
LABOR UNIONS
LARGE MINING
LENDER
LENDERS
MANGANESE
MERGERS
METALLURGY
METALS
MINE CLOSURE
MINE EMPLOYEES
MINERAL PRODUCTION
MINERALS
MINES
MINING COMPANIES
MINING COMPANY
MINING INDUSTRY
MINING OPERATIONS
MINING PRODUCTION
MINING SECTOR
MMSD
MMSD PROJECT
MULTINATIONAL
MULTINATIONAL COMPANIES
NATURAL GAS PIPELINE
NICKEL
OCCUPATIONAL HEALTH
OCCUPATIONAL HEALTH AND SAFETY
OCCUPATIONAL SAFETY
OCCUPATIONAL SAFETY AND HEALTH
OIL
OIL AND GAS PRODUCTION
OIL COMPANIES
OIL INDUSTRY
PIPELINES
PLATINUM
POLLUTION
POLLUTION CONTROL
POLLUTION LEVELS
POLLUTION STANDARDS
POVERTY ALLEVIATION
PRECIOUS METALS
PROACTIVE POLICIES
PRODUCERS
RECLAMATION
REFINING
RESETTLEMENT ISSUES
RESOURCE CONSTRAINTS
RETURN ON INVESTMENT
SAFEGUARD POLICIES
SAFETY
SHAREHOLDERS
SILVER
SMALL BUSINESS
SMALL BUSINESS DEVELOPMENT
SMALL FIRM
SMALL FIRMS
SMALL MINERS
SMALL MINING
SUPPLIER
SUPPLIERS
SURROUNDING COMMUNITIES
SUSTAINABILITY
SUSTAINABLE DEVELOPMENT
TECHNICAL ASSISTANCE
TIN
TRIPLE BOTTOM LINE
VENTURE CAPITAL
WATER POLLUTION
WATER SUPPLY
ZINC
Everett, Richard
Gilboy, Andrew
Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions : Phase One
description The World Bank Group (WBG) has emerged as a standard bearer that members of the international corporate community assess themselves against, often regardless of whether they are involved in a direct funding relationship. For example, a trend has been noted that some extractive industry companies, who, for the most part are not direct recipients of WBG assistance, are changing the way they do business and adopting practices that follow social and environmental guidelines similar to those prescribed by the World Bank. This research effort, commissioned by the WBG's Extractive Industry Review Secretariat, examined a number of extractive companies, and the private financial partners and export credit agencies that finance them, to ascertain the impact - if any - the WBG guidelines are having on their environmental and social policies and practices. Research was focused in particular on smaller exploration and production companies which are not direct clients of the WBG. Key findings indicate that WBG policy impacts on small Exploration & Production (E&P) companies appear indirect and minimal, and that the WBG appears to have a more significant and direct impact on private financial partner and Export Credit Agency (ECA) environmental and social initiatives.
format Publications & Research :: Working Paper
author Everett, Richard
Gilboy, Andrew
author_facet Everett, Richard
Gilboy, Andrew
author_sort Everett, Richard
title Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions : Phase One
title_short Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions : Phase One
title_full Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions : Phase One
title_fullStr Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions : Phase One
title_full_unstemmed Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions : Phase One
title_sort impact of the world bank group's social and environmental policies on extractive companies and financial institutions : phase one
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2003/06/18594735/associates-global-change-impact-world-bank-groups-social-environmental-policies-extractive-companies-financial-institutions-first-phase
http://hdl.handle.net/10986/16957
_version_ 1764435347146539008
spelling okr-10986-169572021-04-23T14:03:34Z Impact of the World Bank Group's Social and Environmental Policies on Extractive Companies and Financial Institutions : Phase One Everett, Richard Gilboy, Andrew ABATEMENT ACTIVE MINES ARTISANAL MINERS ARTISANAL MINING AUDITS BASE METALS BAUXITE BRANCHES BUSINESS UNIT CARBON CERTIFICATION CHILD LABOR CLEAN- UP CLEAN-UP CLIMATE CHANGE COAL COBALT COMPANY CONSTRUCTION COPPER CORPORATE OFFICER CORPORATION DEBT DIAMOND MINING DIAMONDS DRILLING DRIVERS ECONOMIC CONDITIONS EMISSIONS EMPLOYMENT ENERGY CONSUMPTION ENERGY EFFICIENCY ENTREPRENEURS ENVIRONMENTAL ENVIRONMENTAL ASSESSMENT ENVIRONMENTAL ASSESSMENTS ENVIRONMENTAL CONSERVATION ENVIRONMENTAL IMPACT ENVIRONMENTAL IMPACT ASSESSMENT ENVIRONMENTAL IMPACT ASSESSMENTS ENVIRONMENTAL IMPACTS ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL PROBLEMS ENVIRONMENTAL REHABILITATION ENVIRONMENTAL REMEDIATION EXPENDITURES EXPLORATION ACTIVITIES EXTRACTIVE COMPANIES EXTRACTIVE INDUSTRIES EXTRACTIVE INDUSTRY PROJECTS EXTRACTIVE INDUSTRY REVIEW EXTRACTIVE SECTOR EXTRACTIVE SECTORS FARMS FINANCIAL INSTITUTIONS FIRMS FISH FISHING FORCED LABOR FORESTRY GAS GLOBAL WARMING GOLD GOVERNMENT REGULATIONS HARD ROCK HEALTH AND SAFETY HEALTH AND SAFETY ISSUES HOLDING COMPANY INDIGENOUS PEOPLES INDUSTRIAL MINERAL INVOLUNTARY RESETTLEMENT IRON JOINT VENTURE LABOR UNIONS LARGE MINING LENDER LENDERS MANGANESE MERGERS METALLURGY METALS MINE CLOSURE MINE EMPLOYEES MINERAL PRODUCTION MINERALS MINES MINING COMPANIES MINING COMPANY MINING INDUSTRY MINING OPERATIONS MINING PRODUCTION MINING SECTOR MMSD MMSD PROJECT MULTINATIONAL MULTINATIONAL COMPANIES NATURAL GAS PIPELINE NICKEL OCCUPATIONAL HEALTH OCCUPATIONAL HEALTH AND SAFETY OCCUPATIONAL SAFETY OCCUPATIONAL SAFETY AND HEALTH OIL OIL AND GAS PRODUCTION OIL COMPANIES OIL INDUSTRY PIPELINES PLATINUM POLLUTION POLLUTION CONTROL POLLUTION LEVELS POLLUTION STANDARDS POVERTY ALLEVIATION PRECIOUS METALS PROACTIVE POLICIES PRODUCERS RECLAMATION REFINING RESETTLEMENT ISSUES RESOURCE CONSTRAINTS RETURN ON INVESTMENT SAFEGUARD POLICIES SAFETY SHAREHOLDERS SILVER SMALL BUSINESS SMALL BUSINESS DEVELOPMENT SMALL FIRM SMALL FIRMS SMALL MINERS SMALL MINING SUPPLIER SUPPLIERS SURROUNDING COMMUNITIES SUSTAINABILITY SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE TIN TRIPLE BOTTOM LINE VENTURE CAPITAL WATER POLLUTION WATER SUPPLY ZINC The World Bank Group (WBG) has emerged as a standard bearer that members of the international corporate community assess themselves against, often regardless of whether they are involved in a direct funding relationship. For example, a trend has been noted that some extractive industry companies, who, for the most part are not direct recipients of WBG assistance, are changing the way they do business and adopting practices that follow social and environmental guidelines similar to those prescribed by the World Bank. This research effort, commissioned by the WBG's Extractive Industry Review Secretariat, examined a number of extractive companies, and the private financial partners and export credit agencies that finance them, to ascertain the impact - if any - the WBG guidelines are having on their environmental and social policies and practices. Research was focused in particular on smaller exploration and production companies which are not direct clients of the WBG. Key findings indicate that WBG policy impacts on small Exploration & Production (E&P) companies appear indirect and minimal, and that the WBG appears to have a more significant and direct impact on private financial partner and Export Credit Agency (ECA) environmental and social initiatives. 2014-02-10T18:08:36Z 2014-02-10T18:08:36Z 2003-06 http://documents.worldbank.org/curated/en/2003/06/18594735/associates-global-change-impact-world-bank-groups-social-environmental-policies-extractive-companies-financial-institutions-first-phase http://hdl.handle.net/10986/16957 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research