Expression of Interest for ESG Guidelines Development IFCa member of the World Bank Groupis the largest global development institution focused on the private sector in emerging markets. We work with more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 24, we made over $56 billion in total investment commitments the largest volume in our history in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. IFC supports emerging markets clients to set environmental, social and corporate governance (ESG) standards and advance sustainable finance. We partner with industry and other stakeholders to find innovative solutions that open up opportunities for economically, socially, and environmentally sustainable private investment which, in turn, contribute to jobs and inclusive growth. IFCs ESG policies, guidelines, and tools are widely adopted as market standards and embedded in operational policies by corporations, investors, financial intermediaries, stock exchanges, regulators, and countries. This helps emerging markets raise their ESG standards and level the playing field. For more information, visit www.ifc.org/sustainability IFC provide advice on sustainable finance to financial market regulators and banking associations who are members of the Sustainable Banking and Finance Network (SBFN). Supported by IFC, SBFN is a voluntary community of financial sector regulatory agencies and banking associations from emerging markets committed to advancing sustainable finance. As of June 2025, SBFN represents 101 institutions, 72 countries and 92 percent of the total banking assets in emerging markets. SBFN provided tools and knowledge products across three thematic priorities, including ESG integration, financing sustainability, and climate and nature-related risk management. For more information, visit www.sbfnetwork.org IFCs Asia ESG advisory provides advice and guidance to clients and partners in the Asia & Pacific region to adopt ESG standards and good international industry practices, support market-level ESG risk management and performance, and provide advice to regulators on developing sustainability codes, regulations, and guidance The Bank of Papua New Guinea (BPNG), the countrys central bank, has undertaken initiatives related to inclusive and green finance in PNG. BPNG became a member of SBFN in 2024. With technical input from IFC on ESG standards and sustainable finance, IFC is assisting BPNG in developing sustainable finance frameworks and guidance. This includes creating BPNGs first environmental, social, and governance (ESG) Guideline for regulated financial institutions and providing capacity-building support to these institutions. B. Objectives of assignment IFC is inviting an international consulting firm (the Consultant) to partner in assisting BPNG with the development of ESG guidelines and corresponding implementation toolkits. The Consultant will also contribute to the design of ESG performance monitoring and reporting (M&E) templates for financial institutions and support the organization of workshops aimed at disseminating the developed guidelines and toolkits. C. C. Scope of work The consultant is responsible for collaborating with IFC to assist BPNG in developing ESG Guidelines. ESG guidelines specify that financial institutions are to implement strategies, policies, and operational systems for Environmental and Social Risk Management (ESRM). This typically includes setting up processes for evaluating and managing environmental and social impacts in financing activities at the client, transaction, or project level, along with provisions for ESG reporting and disclosure. Key components of this assignment will include: Task 1: Drafting the BPNG ESG Guidelines 1.1 The Consultant is responsible for preparing the ESG guideline for BPNG. This guideline will cover governance of environmental and social (E&S) and climate risk management, ESG risk management procedures, grievance mechanisms, and disclosure practices. The ESG Guidelines are intended to assist financial institutions in managing E&S risks related to lending activities and ensuring transparency. Climate and nature-related risks will be included in the ESG guidelines. Provisions addressing gender issues, such as workplace gender equality, gender-based violence (GBV), and the effects of financial abuse on women, will also be incorporated where applicable. In preparing the ESG Guidelines, the Consultant is expected to identify pertinent national regulations related to environmental, social, and climate change matters, as well as review leading ESG and ESRM guidelines from other emerging markets (refer to the SBFN data portal: https://data.sbfnetwork.org/framework-library). This approach ensures that the new ESG guideline is both reflective of the local context and consistent with established international best practices. Deliverable: Draft ESG guidelines 1.2 The Consultant will support stakeholder consultations organised by IFC and BPNG. The Consultant will collect feedback and comments from relevant financial institutions and other market participants. After each consultation round, the Consultant will review and include the collected comments as appropriate. Deliverable: summaries of consultation feedback and updated ESG Guidelines incorporating the consultation feedback Task 2: Developing FI ESG Performances Reporting Template The Consultant will create an ESG reporting template for FIs to submit ESG performance to BPNG, based on Task 1s ESG Guidelines. The template will reference SBFN member practices and benchmark against IFRS S1 and S2 standards to ensure alignment with global sustainability reporting and maintain consistency and transparency. Deliverable: one ESG reporting template Task 3: Sector-specific ESG toolkits for FIs The Consultant will develop two sector-specific environmental and social risk management tools for financial institutions to support local institutions in identifying and managing sector-related risks. The toolkits will provide analysis of sectoral risks and recommend mitigation measures for financial institutions, consistent with relevant national environmental and social regulations and international standards such as the IFC Performance Standards and World Bank Group Environmental, Health and Safety Guidelines where relevant. The specific sectors to be addressed will be selected through consultations with IFC and BPNG. Deliverable: two sector-specific ESG tools for financial institutions Task 4: Dissemination and capacity The Consultant will conduct training to effectively communicate the ESG Guideline, sector-specific tools, and ESG Performance templates to relevant stakeholders, including BPNG officers and representatives from financial institutions. The Consultant will organize one or two in-person workshops, prepare training materials and presentations, and deliver sessions on ESG integration, disclosure guidelines, and the M&E reporting template. One mission to PNG is expected. Deliverables: up to two training workshops (in person) D. Deliverables/Specific Outputs expected from Consultant and Timeline The consultant deliverables and tasks will include but not be limited to the following: 1. ESG Guidelines for Financial Institutions 2. ESG Performance Reporting Template 3. Two sectors specific ESG toolkits for FIs 4. Training workshops Deliverables Timeline ESG Guidelines for Financial Institutions Initial outline within two weeks of contract signing. First draft within two months after contract signing. Final drafts incorporating consultation feedback to be submitted 30 days after receiving the comments. ESG Reporting Template Draft version within two months after contract signing, alongside the draft ESG guidelines. Final drafts incorporating consultation feedback to be submitted 30 days after receiving the comments. Two sectors specific ESG toolkits for FIs Draft version within three months after contract signing. Final drafts incorporating consultation feedback to be submitted 30 days after receiving the comments. Training workshops Prior to June 30, 2026 Tender Link : http://www.worldbank.org/en/about/corporate-procurement/business-opportunities/administrative-procurement?order=desc
