An instrument that details the mitigation and management measures to be taken during the implementation and operation of a project to reduce, mitigate, and/or offset adverse environmental and social impacts and enhance positive impacts; the environmental and social monitoring and reporting requirements; related institutional or organizational arrangements; provisions for disclosure and consultation during the pre-project planning and project implementation phases, including measures for stakeholder engagement; capacity-development and training measures, including engagement of any environmental and social experts required for the purpose; an implementation schedule and cost estimates, which are integrated into the project’s overall schedule and budget; and performance indicators, targets, or acceptance criteria. For more information about engaging affected people, civil society organizations (CSOs)/nongovernmental organizations (NGOs), and other stakeholders in this plan, see Preparation and Implementation of Environmental and Social Management Plan (ESMP).
Adapted from Asian Infrastructure Investment Bank (AIIB), "Environmental and Social Framework," 2021, View the PDF.