Environmental and social responsibility is becoming more and more important in today's global economy. There are thousands of environmental and social codes and standards in the world today. The codes and standards define the rules and the objectives. But the challenge is in the implementation....

The Bank's environmental agenda has evolved gradually since the 1970s. During the 1970s and 1980s, the main focus was on mitigating the potential environmental damage associated with investment projects using environmental impact assessments (EIA). This approach was formalized in the Bank's...