⚙️ICR Tool for Environmental and Socio-economic Safeguards and Sustainable Development
The ICR Tool for Environmental and Socio-economic Safeguards and Sustainable Development is designed to help project proponents assess, describe, and monitor the environmental, social, and economic impacts of their GHG projects along with sustainable development goals contributions.
Environmental Safeguards: The tool evaluates various environmental impacts such as air quality, water usage, waste management, and the depletion of natural resources. It involves monitoring and mitigating risks to minimize negative impacts.
Social Safeguards: It assesses the project's influence on local communities, jobs, health and safety, education, and welfare. The objective is to ensure that the project results in positive social outcomes and mitigates negative effects on communities.
Economic Growth: The document examines how the project contributes to economic development through new investments, job creation, infrastructure development, and technology transfer.
Sustainable Development Goals (SDGs): The tool requires project proponents to detail how their projects contribute to the United Nations' SDGs, e.g. ending poverty, ensuring health, promoting education, gender equality, and climate action.
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