Environmental and Social Policy Framework

In an effort to proactively add value, enhance sustainability and lower risks in all its projects, IL&FS developed an Environmental and Social Report (ESR), in 1995. The ESR was prepared in response to the requirements of the World Bank; the objective was to mainstream environmental and social considerations in the project cycle of infrastructure development. This ESR made IL&FS the first non-banking financial institution in India to establish a system of environmental and social governance

As a step to align with the International Financing Institutions (IFIs), IL&FS signed the United Nations Environmental Programme Finance Initiative (UNEP FI) on December 5, 2006. This aspirational commitment underscored IL&FS’s interest to pursue Environmental and Social Governance (ESG) in its business operations

In 2007, IL&FS decided to update, expand, and strengthen the ESR in the form of an Environmental and Social Policy Framework (ESPF). Updation became relevant in the light of the changing environmental and social governance in India. Besides, IL&FS’s business canvas expanded with a wide range of services covering project development & implementation, financial transactions and advisory services across Business Verticals (BVs) and Special Purpose Vehicles (SPVs)

The IL&FS Board approved the Environmental & Social Policy Framework (ESPF) in May 2008, with implementation commencing in 2009. The ESPF is designed to proactively identify and safeguard against environmental, health & safety and social (E&S) risks to IL&FS and its companies in their projects, investments and advisory services
ESPF in Practice
  • Academy for Applied Development
  • ESPF Policy Statement
  • Applying ESPF
  • E&S Awareness Activities
  • Project Parivartan
  • Parivartan Computer Bus