ESG Gap Analysis Tool
The Hydropower Sustainability ESG Gap Analysis Tool (HESG) enables hydropower project proponents and investors to identify and address gaps against international good practice.
The HESG gap analysis tool is based on the framework of the Hydropower Sustainability Assessment Protocol. It assesses projects against the requirements of the HSAP’s environmental, social and governance topics.
The tool provides an action plan to help project teams address any gaps against good practice. It is divided into 12 sections which are compatible with IFC Environmental and Social Performance Standards and the World Bank’s new Environmental and Social Framework.
The tool was developed under the mandate of the Hydropower Sustainability Assessment Council, with the support of the Swiss State Secretariat for Economic Affairs (SECO).
Project proponents can apply for a grant to part-finance the cost of commissioning an independent project assessment using the tool. A total of 1 million Swiss Francs (USD 1.02m) will be awarded to 40 or more hydropower projects between 2020 and 2024.
This assessment fund is managed by the International Hydropower Association (IHA) and financed by Switzerland’s State Secretariat for Economic Affairs (SECO).
Project developers and operators from the following countries are eligible to apply for the first application round: Albania, Bosnia-Herzegovina, Colombia, Egypt, Ghana, Indonesia, Kosovo, Kyrgyz Republic, North Macedonia, Peru, Serbia, South Africa, Tajikistan, Tunisia, Ukraine, Uzbekistan and Vietnam.
Project proposals should be submitted by email to firstname.lastname@example.org by no later than 1 June 2020. Successful applicants will be notified of their selection shortly afterwards. Selection will be subject to the availability of funding.