Procurement Summary
Country : China
Summary : Promoting Environmental, Social, and Governance Investments of Insurance Funds - ESG Consulting Firm
Deadline : 20 Dec 2022
Other Information
Notice Type : Tender
TOT Ref.No.: 75613978
Document Ref. No. : TA-6982 PRC
Financier : Asian Development Bank (ADB)
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Promoting Environmental, Social, and Governance Investments of Insurance Funds - ESG Consulting Firm
Approval Date: 28-Oct-2022
Estimated Commencement Date: 15-Feb-2023
Estimated Commencement Date: 270, 000 USD
Engagement Period: 40 MONTH
Objective and Purpose of the Assignment
1. The proposed knowledge and support technical assistance (TA) will promote the knowledge and capacity to enhance the environmental, social, and governance (ESG) integration and regulation of insurance institutions in the People-s Republic of China (PRC). The TA will help support sustainable low-carbon development, in line with the objectives of PRC-s Fourteenth Five-Year Plan, 2021-2025 to attain carbon peaking by 2030 and carbon neutrality by 2060. The TA will support a key strategic pillar of ADB-s Strategy 2030—tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability, as well as contribute to Sustainable Development Goal (SDG) 13 on taking urgent action to combat climate change and its impacts.
2. The proposed TA will enable assistance to the China Banking and Insurance Regulatory Commission (CBIRC) to strengthen ESG regulation by developing guidelines for ESG investments of insurance funds in the PRC.
3. The TA-s expected impact is environmental, social, and governance investments for sustainable
low-carbon development and the SDGs enhanced. The expected outcome—ESG regulation and supervision
of insurance institutions in the PRC improved—will be achieved through the implementation of three
outputs described below. The TA-s indicative implementation period is November 2022- November 2025.
Documents
Tender Notice