📋 Tender Overview
Project Number
609458
Primary Business Area
Other
Disclosure Date
Jun 9, 2025
Country
West Bank and Gaza
Region
Middle East
IFC Approval Date
Feb 5, 2025
Status
Active
Estimated Total Budget
$245,000.00
(Project budget includes all project-funded activities)
Last Updated Date
Project Estimated Start Date
Jan 31, 2025
Project Estimated End Date
Jan 31, 2028
Client Legal Name
BANK OF PALESTINE PLC
Project Description
The support to BoP will be delivered through the two components (i) ESG and (ii) Climate Risk, divided into the following six (6) pillars: i) ESG Component: • Pillar I: Review and strengthen the Group Governance Frameworks for BOP and its main subsidiaries, ensuring appropriate linkages, synergies, and commitment to good corporate governance across the group. • Pillar II: Capacity building for an environmental and social management system (ESMS) and E&S due diligence (ESDD) to support the Bank’s identification and management of E&S risks • Pillar III: Support the Bank’s development of a sustainability strategy for BOP to address material sustainability issues. • Pillar V: Build capacity on Climate Governance, specifically how the Board can oversee that the Bank can identify and respond to climate risks and opportunities. • Pillar VI: Review BOP’s women on board and leadership gender practices to ensure that gender-related concerns are adequately addressed in the bank’s governance and policies. ii) Climate Risk Component: • Pillar IV: Assess BOP’s loan portfolio for potential climate-related risks and help develop a methodology to incorporate the appropriate risk appetite and governance framework into the Bank’s overall risk management system.
