The handbook on ‘Need for Environmental and Social Safeguards for Financial Institutions’ makes a case for implementation of safeguards mechanisms in financial institutions (FIs) which includes banks and non-banking FIs.
Analysis of financial institutions' policy orientation towards environmental and social safeguards, identifying gaps and limitations.
As progress has come to mean growing accumulation and consumption in material terms, this has led to establishment of ever larger production units, energy harnessing facilities, transport, storage and recreational infrastructure.