Statement to the Sustainable Development and Climate Change Department Regarding Preliminary Information Session and the Consultation Process
The ongoing COVID-19 pandemic has shifted the way we work and interact. This has also impacted and in many cases replaced face-to-face dialogue. As more interactions and consultations shift to online and remote communication, we as CSO organizations are concerned about this sole dependency on this form of communication for the Safeguards Review Process.
Global civil society demand statement for a clean, just, and fossil-free ADB energy policy
The ADB’s greenwashing in the climate policy space is apparent. The ADB's response to the climate crisis should not be determined by its statements on various global platforms but is revealed through its energy sector investments. For the past three years, the ADB has invested heavily in fossil gas and related infrastructure across Asia. It is now facing the reality of stalled construction and rising environmental & social costs.
Civil society recommendations on the ADB Safeguards Policy Statement (SPS) consultation process
In 2020, the Independent Evaluation Department has carried out an evaluation to assess the effectiveness of the 2009 policy and the reform objectives of the Safeguards Policy Update (SPU) of 2011. Since its approval almost a decade ago, the ADB’s portfolio has changed considerably and reliance on sovereign financing to deliver on development outcomes have shifted. With an increase in non-sovereign portfolios using new modalities such as FIs, RBLs and Multitranche facilities, the ADB SPS is in need of modernisation to reflect these transitions in development.