Terminal evaluation of Sustainable Investment Promotion (SIP) Project

Report Cover Image
Evaluation Plan:
2021-2025, Ethiopia
Evaluation Type:
Final Project
Planned End Date:
04/2021
Completion Date:
05/2022
Status:
Completed
Management Response:
Yes
Evaluation Budget(US $):
25,000

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Title Terminal evaluation of Sustainable Investment Promotion (SIP) Project
Atlas Project Number: 00116140
Evaluation Plan: 2021-2025, Ethiopia
Evaluation Type: Final Project
Status: Completed
Completion Date: 05/2022
Planned End Date: 04/2021
Management Response: Yes
Focus Area:
  • 1. Poverty
  • 2. Others
Corporate Outcome and Output (UNDP Strategic Plan 2018-2021)
  • 1. Output 1.4.1 Solutions scaled up for sustainable management of natural resources, including sustainable commodities and green and inclusive value chains
SDG Goal
  • Goal 17. Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development
SDG Target
  • 17.9 Enhance international support for implementing effective and targeted capacity-building in developing countries to support national plans to implement all the Sustainable Development Goals, including through North-South, South-South and triangular cooperation
Evaluation Budget(US $): 25,000
Source of Funding: UNDP
Evaluation Expenditure(US $): 24,000
Joint Programme: No
Joint Evaluation: No
Evaluation Team members:
Name Title Nationality
Jens Peter Christensen International Consultant
GEF Evaluation: No
Key Stakeholders:
Countries: ETHIOPIA
Lessons
Findings
Recommendations
1

Evaluation recommendation 1.  EIC should pursue the establishment of a national coordination body to oversee the development of the ESG framework and support policy dialogues for the promotion, adaptation and internalization the ESG approach

2

Evaluation recommendation 2. EIC and the project stakeholders should invite the pilot companies to share their feedback in order to discuss the possible implications for the policy recommendations and proposed frameworks.

3

Evaluation recommendation 3.  Pilot companies should receive a certificate from EIC as a token of appreciation and to enable them to showcase their ESG commitment to international customers and consumers

4

Evaluation recommendation 4. The project design for the next phase should be tailored specifically for further development and implementation of the ESG policy recommendations.

5

Evaluation recommendation 5.   The ESG approach could be codified by amending the regulation on financial disclosure with a chapter on non-financial disclosure requirements

6

Evaluation recommendation 6:  The ESG approach in Ethiopia could be enhanced with the participation of the upcoming Ethiopian Securities Exchange.

7

Evaluation recommendation 7:  Ethiopia could promote ESG through sustainable public procurements.

8

Evaluation recommendation 8.  International assistance for the ESG framework should be delivered in cooperation with Ethiopian counterparts who are likely to become training or service providers, rating assessors and so forth, once the ESG framework is implemented

9

Evaluation recommendation 9:   The next phase should explore synergies with international ESG tools, which can be easily tailored and applied to the Ethiopian context.

10

Evaluation recommendation 10.   Continue international exposure as a means to internalise the ESG approach, build partnerships and underpin a shared understanding of the ESG approach

1. Recommendation:

Evaluation recommendation 1.  EIC should pursue the establishment of a national coordination body to oversee the development of the ESG framework and support policy dialogues for the promotion, adaptation and internalization the ESG approach

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

  Agreed. The responsibility for the establishment of the national coordination body rests with EIC and relevant government bodies and UNDP’s role is limited to facilitation and support.

Key Actions:

Key Action Responsible DueDate Status Comments Documents
1.3. Undertake support and facilitation if the second phase is approved.
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2023/04 Initiated History
1.1. Share The study documents that recommended the establishment of the national coordination body to EIC
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2022/04 Completed Completed History
1.2. Share the evaluation report to EIC
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2022/04 Completed Completed History
2. Recommendation:

Evaluation recommendation 2. EIC and the project stakeholders should invite the pilot companies to share their feedback in order to discuss the possible implications for the policy recommendations and proposed frameworks.

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed. The action depends on how far EIC and the government are committed to taking the ESG policy recommendations forward. The policy recommendations implementations require engaging the stakeholders, particularly the pilot companies. As long as UNDP continues working in the ESG space, it will ensure the pilot companies have their engagement and involvement

Key Actions:

Key Action Responsible DueDate Status Comments Documents
2.1 Conduct awareness creation to EIC staff on the recommendations for future implementation.
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2022/04 Completed Completed History
3. Recommendation:

Evaluation recommendation 3.  Pilot companies should receive a certificate from EIC as a token of appreciation and to enable them to showcase their ESG commitment to international customers and consumers

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed. Pilot companies are selected by EIC, and Pilot companies can communicate with EIC for the certification. UNDP’s role is to support and facilitation.

Key Actions:

Key Action Responsible DueDate Status Comments Documents
3.1 Remind EIC to work with the pilot companies on the issuance of the training certificate
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2022/04 Completed Completed History
4. Recommendation:

Evaluation recommendation 4. The project design for the next phase should be tailored specifically for further development and implementation of the ESG policy recommendations.

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed.UNDP will ensure the next phase to focus on the implementation of the policy recommendations together with EIC and other relevant stakeholders

Key Actions:

Key Action Responsible DueDate Status Comments Documents
4.1 Address the policy recommendation in the next phase of the project design
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2023/04 Initiated History
5. Recommendation:

Evaluation recommendation 5.   The ESG approach could be codified by amending the regulation on financial disclosure with a chapter on non-financial disclosure requirements

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed.UNDP will include how the regulation on financial disclosure to be amended with relevant government stakeholders to include non-financial features if the next phase of the project continues

Key Actions:

Key Action Responsible DueDate Status Comments Documents
5.1 include one study to recommend amending the regulation on non-financial disclosure
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2023/04 Initiated History
6. Recommendation:

Evaluation recommendation 6:  The ESG approach in Ethiopia could be enhanced with the participation of the upcoming Ethiopian Securities Exchange.

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed.The UNDP CO may engage with relevant stakeholders to help the ESG approach to be integrated with the Ethiopian securities Exchange, if the second phase continues

Key Actions:

Key Action Responsible DueDate Status Comments Documents
6.1 Integrate ESG approach with Ethiopian Securities
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2023/05 Not Initiated History
7. Recommendation:

Evaluation recommendation 7:  Ethiopia could promote ESG through sustainable public procurements.

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed.UNDP will work with government partners to introduce comprehensive incentive systems including the introduction of selection criteria on green products for public procurement

Key Actions:

Key Action Responsible DueDate Status Comments Documents
7.1 Develop comprehensive incentive systems for green products and for companies promoting ESG
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2023/08 Not Initiated History
8. Recommendation:

Evaluation recommendation 8.  International assistance for the ESG framework should be delivered in cooperation with Ethiopian counterparts who are likely to become training or service providers, rating assessors and so forth, once the ESG framework is implemented

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed.UNDP will mix local experts and firms with the international ones if the project endures second phase.

Key Actions:

Key Action Responsible DueDate Status Comments Documents
8.1 Engage local experts and Firms in the future ESG implementation
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2023/08 Not Initiated History
9. Recommendation:

Evaluation recommendation 9:   The next phase should explore synergies with international ESG tools, which can be easily tailored and applied to the Ethiopian context.

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed.UNDP will work with government partner and private stakeholders to refine the ESG Framework to synergize with the international tools and to be the best fit

Key Actions:

Key Action Responsible DueDate Status Comments Documents
9.1. Refine the ESG tools to synergize and applicable to wider customers
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2023/07 Not Initiated History
10. Recommendation:

Evaluation recommendation 10.   Continue international exposure as a means to internalise the ESG approach, build partnerships and underpin a shared understanding of the ESG approach

Management Response: [Added: 2022/05/11] [Last Updated: 2022/05/13]

Agreed.UNDP will ensure to include capacity building component on the next phase of the project.

Key Actions:

Key Action Responsible DueDate Status Comments Documents
10.1 Undertake capacity development for regulators and regional governments in order to implement the policy recommendations and sustain the ESG framework
[Added: 2022/05/11] [Last Updated: 2022/05/17]
UNDP/IET 2022/08 Not Initiated History

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