Commissioning Unit: | Ethiopia |
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Evaluation Plan: | 2021-2025 |
Evaluation Type: | Project |
Completion Date: | 05/2022 |
Unit Responsible for providing Management Response: | Ethiopia
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Documents Related to overall Management Response: |
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Key Action Update History
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |