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ENVIRONMENTAL AND SOCIAL RISK MANAGEMENT OPERATIONS MANUAL (EPSOM) For the Nigerian Housing Finance Project Central Bank of Nigeria September 10, 2013ESOM Nigeria Housing FinanceTABLE OF CONTENTS ABBREVIATIONS
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To fill out environmental and social risk, follow these steps:
02
Identify the potential environmental and social risks associated with the project or activity.
03
Assess the likelihood and severity of each identified risk.
04
Develop mitigation measures to reduce or eliminate the identified risks.
05
Implement the mitigation measures and monitor their effectiveness.
06
Continuously review and update the risk assessment and mitigation measures as necessary.

Who needs environmental and social risk?

01
Environmental and social risk assessment is needed by companies, organizations, and individuals involved in projects or activities that may have environmental or social impacts.
02
This includes industries such as construction, mining, agriculture, energy, manufacturing, and transportation, as well as organizations involved in development projects, infrastructure projects, and natural resource management.
03
Investors, financial institutions, and regulatory bodies may also require environmental and social risk assessments to ensure compliance with environmental and social standards and regulations.
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Environmental and social risk refers to the potential negative impacts on the environment and society that may result from business activities or projects.
Companies and organizations that engage in activities that have the potential to cause environmental or social harm are typically required to file environmental and social risk assessments.
Environmental and social risk assessments are typically filled out by conducting research, analyzing data, and identifying potential risks and impacts on the environment and society.
The purpose of environmental and social risk assessments is to identify, assess, and manage potential risks and impacts on the environment and society in order to minimize negative outcomes.
Information that must be reported on environmental and social risk assessments typically includes details about the project or activity, potential risks and impacts, mitigation measures, and monitoring and reporting requirements.
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