AWEMAC undertakes Environmental and Social Due Diligence (ESDD) by reviewing any potential environmental impacts and its social implications associated with business activities, ongoing projects and potential projects. This involves identifying, quantifying and evaluating the environmental and social risks that could arise while identifying the mitigation measures thereof. It is a critical service offered to investors in various sectors and the report outcome should be factored in decision making process for proceeding with project activities.
This transaction is a critical service that we offer to investors from various sectors that may cut across from the housing and commercial sector, the water sector, sanitation sector, agricultural sector, transport and infrastructure sector, petroleum sector, health sector, railway and road infrastructure sector, energy sector and the processing and manufacturing sector among many others. The extent of the Environmental and Social Due Diligence and level of detail is based on the transaction’s environmental and social risk category and will vary with the type of transactions. One of the outcomes is a report that is factored in the decision-making process for proceeding with the proposed project.
Environmental and Social Due Diligence is beneficial for the following reasons:
- It guards against unforeseen risks and impacts that may cause interruptions in project execution, legal claims and brand protection for both the client and the consultant.
- It improves financial and operational performance in that it helps to optimize management of water and energy, minimize emissions and waste thus leading to a more efficient and cost effective operation
- It helps the client to find ways to maximize benefits and encourage the practice of good corporate citizenship which often results to greater acceptance of the project by local communities and the government and relevant agencies