Environmental, Social and Governance
Protecting people and the Planet. Integral to CGIF’s operations.
At CGIF, our commitment goes beyond financial guarantees. Supporting and enabling sustainable development means respecting human rights, protecting the environment and people and communities impacted by the activities we support. Our Environmental and Social Framework is integrated into the decision making for every project of activity we support, ensuring that economic growth does not have negative impacts on communities and ecosystems across the ASEAN+3.
Policy Objectives: What our E&S Policy aims to achieve
The Policy outlines CGIF’s commitment and responsibility in ensuring the sound environmental and social performance of potential and outstanding guaranteed bond issuers. It aims to promote sustainable development practices that align with international standards and best practices in environmental, social, and governance (ESG) management.
Promote Environmental Sustainability
Support companies in identifying, avoiding, and minimizing their environmental impacts while improving resource efficiency
Foster Social Responsibility
Ensure that projects and activities avoid adverse social impacts and, where possible, deliver meaningful benefits to people and communities through active stakeholder engagement and inclusive development.
Respect Human Rights
Upholding internationally recognized human rights and labor standards, ensuring that child labor and forced labor have no place in any guaranteed activity.
Adress Climate Change
Support companies in assessing climate transition and adaptation risks, integrating climate resilience into guaranteed activities.
Improve E&S Governance
Support issuers in strengthening their corporate E&S management systems and enhancing their capacity to identify, assess, and manage environmental and social risks and impacts through effective stakeholder engagement.
Policy Alignment
CGIF is dedicated to implementing robust Environmental and Social (E&S) risk assessment and management practices, leveraging globally recognized standard relevant to an issuer’s project and/or activities. CGIF collaborate closely with our multilateral development bank partners to continuously refine and strengthen our policies and procedures, ensuring alignment with evolving E&S and ESG best practices and sector advancements.
Key Environmental and Social Areas
Environmental risks and impacts such as pollution to air, water, and soil; to health, safety and security risks of relevant workers and communities; threats to the protection, conservation, and maintenance of natural and critical habitats and biodiversity, ecosystem services, living natural resources and the maintenance of environmental flows; risks to cultural heritage; and climate change mitigation and adaptation risks and actions.
Social risks and impacts such as any impacts from land acquisition and land use restriction; adverse impacts on communities of Indigenous Peoples; risks associated with labor, working conditions and rights of relevant workers; the risk where the transaction impacts fall disproportionately on the disadvantaged or vulnerable people; and gender issues and other gender-related risks, including potential risks of sexual exploitation, abuse, and harassment, and digital risks.
Governance of E&S risk management of inherent corporate risks based on the Company’s commitment, capacity and track record to identify and address E&S risks at a level that is equal to or greater than the CGIF ESF and their ability to consistently address these E&S risks
Environmental and Social Reference Documents
Our Environmental and Social Framework (ESF) documents and guidelines for reference
Access our office Environmental and Social documents directly. The CGIF ESF comprises the Vision, Policy, Directives and PIAL , being underpinned by the ADB Environmental and Social Framework (2024) and govern the E&S due diligence process and requirements.
Environmental and Social Vision
Our statement towards protection of the people and the Planet
Environmental and Social Policy
Our core Policy outlining our aims and principles
Environmental and Social Directives
Our overarching requirements and process for assessment and management of environmental and social impacts/risks associated with the Issuers and the bonds that CGIF Guarantees
Prohibited Investment Activity List (PIAL)
Activities and projects that are prohibited to be financed through CGIF Guarantees
Frequently asked questions about Environmental and Social (E&S) Risk
What does Environmental and Social (E&S) mean to CGIF?
For CGIF E&S covers the range of underlying risks and impacts of an Issuers activities on the planet, people and communities through both direct and indirect actions. It is about identifying the risks or impacts are or may occur, and then putting in place measures to either eliminate or reduce the risk.