Definition
The exercise of professional skill, diligence, prudence, and foresight that would reasonably be expected from skilled and experienced professionals engaged in the same type of undertaking under the same or similar circumstances globally or regionally. The outcome of such exercise should be that the project employs the most appropriate practices and technologies in project-specific circumstances.
Source(s)
Adapted from World Bank, "World Bank Environmental and Social Framework," Washington, DC, 2016, View the PDF; Asian Infrastructure Investment Bank (AIIB), "Enhancing AIIB's Accountability: The Project-Affected People's Mechanism," 2018, View the PDF.