Lender Environmental and Social Due Diligence Consultant | SLP Singapore
Environmental & Social Due Diligence for a Healthcare Group in Singapore
SLP Environmental conducted environmental and social due diligence (ESDD) on a specialised healthcare services provider operating more than 40 facilities across Singapore. Commissioned by an international credit guarantee and investment facility to support a proposed corporate bond guarantee, the assessment reviewed the company’s performance against the client’s environmental and social safeguards, applicable Asian Development Bank (ADB) safeguard requirements and ILO Core Labour Standards. The assignment included corporate and healthcare facility audits, supply chain risk assessment and a Corrective Action Plan (CAP) to address identified gaps.
SLP was appointed as an independent consultant to assess the Company’s performance with respect to the Safeguards Requirements (SR) specified for the Assignment which included:
- Clients’ ESS Policy;
- Applicable requirements of ADB Safeguard Requirements 1 – 3;
- Applicable E&S related national laws, regulations and international conventions/treaties ratified by Singapore; and
- Applicable ILO Core Labour Standards.
The objectives of the Environmental & Social Due Diligence Assessment were to:
- Assess the Company compliance status with respect to the safeguards requirements;
- Assess E&S risks in the Supply Chain;
- Clearly identify any gaps with SR and prioritise them in terms of significance;
- Recommend appropriate corrective actions (CA’s) to close gaps and align Project E&S performance with safeguards requirements;
- Set timelines for implementation of CA’s based on assigned priority and specify appropriate Completion Indicator to verify gap closure; and
- Assess the capacity and resources of the Company to implement the CAP requirements.
SLP specialises in performing environmental and social due diligence assessments in South East Asia on behalf of project financiers and project sponsors alike. SLP has project experience in multiple business sectors and across the ASEAN jurisdictions.
Please contact us to discuss your requirements.