Sustainability Considerations and Resilient Infrastructure in the BRICS New Development Bank
Overall sustainability considerations, particularly resilient infrastructure, serve as the core guiding principles of the BRICS New Development Bank’s activities. The sustainability of the bank’s operations is achieved through its environmental and social policies and includes the use of country systems in project implementation.
Dual Environmental and Social Management Approach
The BRICS New Development Bank has adopted a dual environmental and social management approach, strengthening interaction between national systems and its internal policies. Through periodic and structured assessments of country systems, the bank identifies best practices among member states and enhances its knowledge of national standards.
Knowledge Transfer and Local Frameworks
In addition, by transferring global best practices to member countries, the bank aims to strengthen local frameworks and implementation capacity. Environmental and social considerations are integrated into operational activities, financing processes, and investment decision-making.
Inclusion and Innovative Technologies
To enhance project sustainability and resilience, the bank is expanding its capacity to facilitate the use of smart and innovative technologies. Technological intensity is also considered part of project evaluation to ensure appropriate technology use throughout the project lifecycle. The bank designs tools with defined criteria to guarantee investment inclusiveness, enabling the identification of opportunities to reduce inequalities related to gender, age, race, social class, and geography.