The World Bank, in partnership with the Philippine Learning Center for Environment and Social Sustainability (PHILCESS), University of the Philippines, is organizing the first International Symposium on Social Impact Assessment (SIA) in the context of East Asia and the Pacific (EAP). ESG-related investment is booming across the globe, and some estimate it to be a $50 trillion economy, the large share of which will be directed to EAP. A big part of this will be around doing proper SIAs for ESG-related infrastructure investments. Yet, there is little cross-exchange across the private sector, development players, and governments on how SIA methods can be modernized and harmonized.
The event will bring together government officials, professionals, and academics to discuss and share experiences about SIA's current state of the art in the region. The event will present country case presentations from Malaysia, Australia, China, and the Philippines, including national regulatory frameworks, good practices, and case studies to illustrate the diversity of country systems and procedures to implement SIA. A discussion Panel will complement this learning session about challenges and opportunities to foster Social Impact Assessment in the region with the participation of representatives from Australia, Japan, and Indonesia with extensive experience working with the public and private sector and risk analysis.
This learning event aims to continue building a social community of practice in the region and use the World Bank Environmental and Social Framework (ESF) as a platform to guide the region in terms of international best practices and standards.
The event is open to the public with Q&A.
