The main and overarching objective for the orientations and priorities of POS3 is to make sustainable development the common reference for all AFD’s operational activities.
This objective is reflected in a progress-oriented approach based on:
- An environmental and social risk management approach to the funded projects. It aims to manage these risks, improve the quality of projects and the environmental and social performance of the funded counterparts;
- The integration of a common concept of sustainable development into the Group’s operations strategies;
- The verification that projects comply with the sustainable development targets throughout the project cycle and the measurement of the impacts of the funded projects in this respect.
The notion of social responsibility requires AFD to go beyond its legal responsibility and share responsibility with the contracting authority, the communities in question and their representatives. The consultation and involvement of project stakeholders are an integral part of this sustainable development approach.