Regional: Estimating Carbon Footprint of Operations Supported by Financial Institutions – A case study

Sovereign Project | 56243-001

This knowledge and support TA will assess existing challenges in estimating greenhouse gas emissions of financial institutions in DMCs, identify necessary data sets required for such estimations, explore practical approaches/models for estimating GHG emissions, and provide practical recommendations on how to improve/encourage corporate disclosure of carbon footprints. A small-scale TA is appropriate because assessing and estimating carbon footprint of a pre-defined financial institution need not be resource intensive.

Project Details

  • Project Officer
    Puongsophol, Kosintr
    Economic Research and Regional Cooperation Department
    Request for information
  • Country/Economy
    Regional
  • Sector
    • Finance
Project Name Estimating Carbon Footprint of Operations Supported by Financial Institutions – A case study
Project Number 56243-001
Country / Economy Regional
Thailand
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6976-REG: Estimating Carbon Footprint of Operations Supported by Financial Institutions " A case study
Technical Assistance Special Fund US$ 220,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Money and capital markets

Gender Equity and Mainstreaming No gender elements
Description This knowledge and support TA will assess existing challenges in estimating greenhouse gas emissions of financial institutions in DMCs, identify necessary data sets required for such estimations, explore practical approaches/models for estimating GHG emissions, and provide practical recommendations on how to improve/encourage corporate disclosure of carbon footprints. A small-scale TA is appropriate because assessing and estimating carbon footprint of a pre-defined financial institution need not be resource intensive.
Project Rationale and Linkage to Country/Regional Strategy The proposed TA supports ADB's ambition to deliver climate financing to DMCs up to $100 billion from 20192030 as well as ADB's operational priority on tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability. Furthermore, the TA will support expansion of private sector operations to support the seven operational priorities of the Strategy 2030. The TA also aligns with the SDGs as it seeks to encourage the mobilization of private capital to address environmental and social concerns in the ASEAN region. This TA will strengthen ADB's position as the Climate Bank for Asia and the Pacific.
Impact

Improved greenhouse gas (GHG) emissions disclosure in DMCs

Project Outcome
Description of Outcome

Data collection for GHG emission evaluation through financial institutions improved

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

A technical study published to assess existing challenges in estimating GHG emissions, data gaps, practical models for estimating GHG emissions, and recommendations to improve GHG emissions disclosure.

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Thailand - Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services 15.Individual consultants or consulting firm will be recruited through single-source selection to provide international and national consulting inputs. Output-based and lumpsum contracts will be used to the extent possible. International consultants will be engaged for 4 person-months, and national consultants for 10 person-months. ADB will engage the consultants and carry out procurement following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions. Nonconsulting services and direct contracting of firms will also be used to contract data collection or data procurement.
Responsible ADB Officer Puongsophol, Kosintr
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division Office of the Chief Economist, ERD
Executing Agencies
Asian Development Bank
Timetable
Concept Clearance -
Fact Finding 18 Aug 2022 to 18 Aug 2022
MRM -
Approval 10 Oct 2022
Last Review Mission -
Last PDS Update 24 Oct 2022

TA 6976-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
10 Oct 2022 - 10 Oct 2022 31 Oct 2023 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
220,000.00 0.00 0.00 0.00 0.00 0.00 220,000.00 08 Nov 2022 0.00

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

None currently available.


Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.


Evaluation Documents See also: Independent Evaluation

None currently available.


Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders

No tenders for this project were found.


Contracts Awarded

No contracts awarded for this project were found


Procurement Plan

None currently available.