A. A. BackgroundIFC¡ªa member of the ÐÓ°ÉÂÛ̳ Group¡ªis the largest global development institution focused on the private sector in emerging markets. We work with more than 100 countries; using our capital; expertise; and influence to create markets and opportunities in developing countries. In fiscal year 24; we made over $56 billion in total investment commitments ¨C the largest volume in our history in private companies and financial institutions in developing countries; leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information; visit www.ifc.org <http://www.ifc.org/> .IFC supports emerging markets clients to set environmental; social and corporate governance (ESG) standards and advance sustainable finance. We partner with industry and other stakeholders to find innovative solutions that open up opportunities for economically; socially; and environmentally sustainable private investment ¡ª which; in turn; contribute to jobs and inclusive growth. IFC¡¯s ESG policies; guidelines; and tools are widely adopted as market standards and embedded in operational policies by corporations; investors; financial intermediaries; stock exchanges; regulators; and countries. This helps emerging markets raise their ESG standards and level the playing field. For more information; visit www.ifc.org/sustainability <http://www.ifc.org/sustainability> IFC provide advice on sustainable finance to financial market regulators and banking associations who are members of the Sustainable Banking and Finance Network (SBFN). Supported by IFC; SBFN is a voluntary community of financial sector regulatory agencies and banking associations from emerging markets committed to advancing sustainable finance. As of June 2025; SBFN represents 101 institutions; 72 countries and 92 percent of the total banking assets in emerging markets. SBFN provided tools and knowledge products across three thematic priorities; including ESG integration; financing sustainability; and climate and nature-related risk management. For more information; visit www.sbfnetwork.org <http://www.sbfnetwork.org/> IFC¡¯s Asia ESG advisory provides advice and guidance to clients and partners in the Asia & Pacific region to adopt ESG standards and good international industry practices; support market-level ESG risk management and performance; and provide advice to regulators on developing sustainability codes; regulations; and guidanceThe Bank of Papua New Guinea (BPNG); the country's central bank; has undertaken initiatives related to inclusive and green finance in PNG. BPNG became a member of SBFN in 2024. With technical input from IFC on ESG standards and sustainable finance; IFC is assisting BPNG in developing sustainable finance frameworks and guidance. This includes creating BPNG¡¯s first environmental; social; and governance (ESG) Guideline for regulated financial institutions and providing capacity-building support to these institutions. B. Objectives of assignment IFC is inviting an international consulting firm (the Consultant) to partner in assisting BPNG with the development of ESG guidelines and corresponding implementation toolkits. The Consultant will also contribute to the design of ESG performance monitoring and reporting (M&E) templates for financial institutions and support the organization of workshops aimed at disseminating the developed guidelines and toolkits. C. C. Scope of work The consultant is responsible for collaborating with IFC to assist BPNG in developing ESG Guidelines. ESG guidelines specify that financial institutions are to implement strategies; policies; and operational systems for Environmental and Social Risk Management (ESRM). This typically includes setting up processes for evaluating and managing environmental and social impacts in financing activities at the client; transaction; or project level; along with provisions for ESG reporting and disclosure. Key components of this assignment will include: Task 1: Drafting the BPNG ESG Guidelines 1.1 The Consultant is responsible for preparing the ESG guideline for BPNG. This guideline will cover governance of environmental and social (E&S) and climate risk management; ESG risk management procedures; grievance mechanisms; and disclosure practices. The ESG Guidelines are intended to assist financial institutions in managing E&S risks related to lending activities and ensuring transparency. Climate and nature-related risks will be included in the ESG guidelines. Provisions addressing gender issues; such as workplace gender equality; gender-based violence (GBV); and the effects of financial abuse on women; will also be incorporated where applicable. In preparing the ESG Guidelines; the Consultant is expected to identify pertinent national regulations related to environmental; social; and climate change matters; as well as review leading ESG and ESRM guidelines from other emerging markets (refer to the SBFN data portal: https