We demystified Environmental and Social Management Systems
The KfW, a german state-owned development bank, in cooperation with the Tunisian Central Bank and the Ministry of Finance, introduced a credit line to strengthen the Tunisian private sector and facilitate access to finance for small and medium sized companies. As part of the technical assistance component that comes with this facility, the KfW wanted to support the financial institutions (FIs) in improving their E&S management capabilities.
For this purpose, Steward Redqueen developed a workshop for seven Tunisian FIs to provide a theoretical framework and practical guidance to improve their Environmental & Social Management System (ESMS). The participants were guided through the process of defining an ESMS, identifying environmental and social (E&S) risks and developing the know-how to set up their own ESMS. Throughout the workshop the participants were confronted with real life cases and actively exchanged on their experience with E&S risks.
The training challenged the participants to reflect on the E&S risks that surround their activities and were introduced to a strucutred apporach for setting up an ESMS. We provided valuable insights into understanding how to identify E&S risks and demystified the concept of an ESMS for the participants.