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On most internationally financed hydropower projects, the lenders appoint an independent environmental and social advisor. The role goes by several names, including lender’s E&S advisor, independent environmental and social consultant (IESC) and lender’s technical advisor for environmental and social matters, but the purpose is the same: to give the lenders an independent, expert view of…
Environmental and social due diligence (ESDD) is the point at which a lender or investor decides whether a hydropower project’s environmental and social risks are understood, manageable and acceptable. Done well, it gives a credit committee confidence and gives the sponsor a clear, achievable plan. Done badly, it produces a long list of generic findings…
