WHAT IS ENVIRONMENT & SOCIAL DUE DILIGENCE ?
Environment & Social Due Diligence involves foreseeing the environmental & social risks that might may present in the project life cycle & which could ultimately pose a potential threat to the investor or the financial institution. The process involves identification, assessment, impact & quantification of the E & S Risks. Most of these risks are directly or indirectly linked with environmental aspects viz land, water, soil, air, energy, wastes, noise, biodiversity, pollution, contamination etc & social issues viz health & safety hazards, loss of land, resettlement & rehabilitation, impact on community & cultural heritage, labour issues, working conditions, indigenous people etc. Above all the due diligence also considers compliance to local & national laws.