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Additional responsibilities for environmental and social risk management should be assigned to existing staff or new staff should be hired as required by the ESMS.

A financial institution’s staff with designated responsibilities under the ESMS are required to follow the necessary procedures in their day-to-day tasks related to risk management at all stages of the transaction appraisal and monitoring process.

Staff responsible for environmental and social risk management are also encouraged to complete the Sustainability Training and E-learning Program (STEP), designed for managers and staff of financial institutions. This free, online training provides an understanding of sustainable finance and outlines how financial institutions can identify and manage environmental and social risks and opportunities.

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