Environmental and social responsibility is becoming more and more important in today's global economy. There are thousands of environmental and social codes and standards in the world today. The codes and standards define the rules and the objectives. But the challenge is in the implementation....

The Bank's environmental agenda has evolved gradually since the 1970s. During the 1970s and 1980s, the main focus was on mitigating the potential environmental damage associated with investment projects using environmental impact assessments (EIA). This approach was formalized in the Bank's...

The desiccation of the Aral Sea was one of the greatest environmental disasters of the latter part of the twentieth century. In 1960, it was the fourth largest lake in the world. However, since 1965, the sea has lost seventy five percent of its volume and the coastline has advanced hundred...