SELECTION OF CONSULTING FIRMS BY THE WORLD BANK GROUP
REQUEST FOR EXPRESSION OF INTEREST (EOI)
Electronic Submissions through WBGeProcure RFx Now
ASSIGNMENT OVERVIEW
Assignment Title: DEVELOPING TOOLS (SPECIMEN DOCUMENTS AND MODEL POLICIES) TO SUPPORT IMPROVED CORPORATE GOVERNANCE AND CLIMATE GOVERNANCE PRACTICES OF FINANCIAL INSTITUTIONS (FIs).
ASSIGNMENT DESCRIPTION
The
Environmental Social and Governance Sustainability Advice and Solutions
Department (CEG) supports IFC’s investment and advisory teams to manage ESG
risks associated with their activities and find solutions to client issues
based on IFC Environmental and Social (E&S) Performance Standards and IFC’s Corporate Governance (CG) Methodology. In 2023, IFC
published its Climate Governance Progression Matrix, which provides a framework
for companies and their board of directors to identify and overseeing the
management of climate-related risks and opportunities (www.ifc.org/climategovernance).
The assignment comprises developing specimen documents tailored to
Financial Institutions (FIs). Specimen documents will serve as model policies
to guide IFC’s FI clients in developing and adopting internal policies on
corporate governance and climate governance aligned to good international
industry practices. The specimen documents are expected to integrate good
international industry practices in ESG, drawing from the updated IFC CG
Methodology, IFC Climate Governance Progression Matrix, IFC Performance
Standards, and international sustainability standards, as applicable. The
latter include, but are not limited to the Equator Principles, standards of the
Basel Committee on Banking Supervision, ISO 31000 (Risk Management), ISO 19600
(Compliance Management Systems), COSO Enterprise Risk Management, the Institute
of Internal Auditors standards and its white papers on the role of internal
auditing in addressing sustainability and climate-related risks.
Tasks and deliverables include:
(a)
Review of existing IFC specimen
documents and develop an updated version contextualized to FIs:
· Specimen ESG code for FIs.
· Specimen FI code of conduct and ethics
· Specimen Charter for FIs: Board of
Directors
·
Charter Assessment Tool for FIs:
General Board of Directors Charter
·
Specimen Charter for FIs: Audit
Committees
·
Charter Assessment Tool for FIs: Audit
Committee
·
Specimen Charter for FIs: Risk
Management Committee
·
Charter Assessment Tool for FIs: Risk
Management Committee
·
Specimen Charter for FIs: CG and
Nomination Committee
·
Specimen Charter for FIs: Remuneration
Committee
·
Specimen Related Party Transactions
Policy
·
Specimen Charter for FIs: Internal
Audit Department and terms of reference for the Chief Internal Auditor
·
Charter Assessment Tool for FIs:
Internal Audit Department
·
Specimen Charter for FIs: Risk
Management Department and terms of reference for the Chief Risk Officer
·
Charter Assessment Tool for FIs: Risk
Management Department
·
Specimen Charter for FIs: Compliance
Department and terms of reference for the Chief Compliance Officer
·
Charter Assessment Tool for FIs:
Compliance Department
·
Specimen Charter for FIs:
Sustainability Committee
(b) Development of the following specimen
documents:
·
Specimen Responsible Ownership Policy
for Funds
· Template climate governance assessment
report, in PowerPoint format, which IFC will use to present findings and
recommendations from assessments benchmarking current FI practices as against
its Climate Governance Matrix.
SUBMISSION REQUIREMENTS
The World Bank Group invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). The total size of all attachments should be less than 5MB.
Expressions of Interest should be submitted, in English, electronically through WBGeProcure RFx Now
NOTES
Following this invitation for EOI, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.
Only those firms which have been shortlisted will be invited to participate in the RFP phase. No notification or debrief will be provided to firms that have not been shortlisted.
If you encounter technical difficulties while uploading documents, please send an e-mail to the Help Desk at corporateprocurement@worldbank.org before the submission deadline.