Development of Central Bank of Ecuador’s ESG Action Plan and GHG inventory

Date documents can be requested until : 15 May 2025 16:00
Title : Development of Central Bank of Ecuador’s ESG Action Plan and GHG inventory
Procurement No. : 100012694
Process : RFP
Description : Global Green Growth Institute in Ecuador invites all eligible hotels to submit their proposals for the consulting services to develop Central Bank of Ecuador (BCE)’s ESG Action Plan and GHG inventory.

PROJECT BACKGROUND:
GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and the private sector to help build strong economies that are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI supports stakeholders through complementary and integrated workstreams that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans.
GGGI has a diverse portfolio of programs in developing countries around the world. These in-country programs, together with global products and services, focus on delivering results through an integrated approach of evidence-based green growth planning and implementation aligned to countries’ development priorities.

In this context, GGGI in collaboration with the Central Bank of Ecuador (BCE) and the Ministry of Environment, Water, and Ecological Transition (MAATE) of the Government of Ecuador is rolling out an 18-month technical assistance project titled “Greening Ecuador Central Bank”. The project, funded by the Green Climate Fund (GCF) Readiness and Preparatory Support Program, aims to enhance the institutional capacity, strategic frameworks, and partnerships of the Central Bank of Ecuador to enhance the management and disclosure of climate-related financial risks and promote greater financial sector’s contribution to Ecuador’s climate agenda.

PROPOSED ACTIVITIES & SCOPE OF WORK:

1) Proposed Activities for the Overall Project
Sustainable banking is a key trend in the financial sector, driven by the growing demand for environmental, social, and governance (ESG) practices. Financial institutions are increasingly integrating ESG criteria into their operations, investment strategies, and portfolios.
Central Bank of Ecuador (BCE) is committed to integrating environmental, social and governance criteria into its operations. This consultancy will enable BCE to advance this objective.

The Consultant firm will be required to provide technical assistance to integrate ESG standards in BCE’s policies and processes, including the calculation of its Greenhouse Gas (GHG) Inventory.

Specific objectives
• Calculate BCE’s GHG Inventory, including an assessment of BCE’s Scope 1, 2, and 3 emissions, in accordance with the GHG Protocol and ISO 14064.
• Undertake an assessment to identify gaps, barriers, and opportunities for the integration of ESG standards in BCE’s governance, policies and processes.
• Establish an adequate ESG framework for the BCE and implement an ESG capacity building program.

2) Scope of Work
The consulting firm is expected to undertake the following activities:

1. Development of Work Plan
• Prepare a detailed workplan that outlines methodology, meetings/workshops schedule, and timeline for deliverables, including key milestones, follow-up activities, and deadlines.
• Coordinate and schedule follow-up meetings with GGGI and BCE delegates.

2. BCE’s GHG Inventory
• Define BCE’s GHG inventory boundaries for accurate assessment.
• Conduct a comprehensive assessment of BCE’s GHG emissions, focusing Scope 1, 2, and 3 emissions, in accordance with the GHG Protocol and ISO14064.
• Perform GHG inventory calculations and prepare a tool that is easy to keep updated, including a tool’s guide.
• Develop a report on BCE’s GHG emissions.
• Prepare a recommendation report detailing objectives and strategies for the reduction of BCE’s GHG emissions in the next 3 years.

3. BCE’s ESG framework and capacity building program
• Conduct a mapping of key stakeholders to integrate ESG considerations and define BCE’s ESG governance structure.
• Undertake an assessment to identify gaps, barriers, and opportunities for the integration of ESG standards in BCE’s governance, policies and processes. The assessment should include a measurement of an international score, for instance, S&P Global ESG Score or other similar.
• Conduct a review of the extent to which Gender Equality and Social Inclusion (GESI) concepts are integrated in BCE’s policies and processes.
• Design and implement a capacity building program on ESG, including an Action Plan to promote continued strengthening of the Central Bank's sustainable banking capacities.
• Develop an analysis of the strengths and weaknesses of various ESG frameworks, including but not limited to TCFD, ISSB and any other relevant framework.
• Define and detail the most suitable ESG standards for BCE.
• Develop an ESG Roadmap for the implementation of the most suitable ESG standards for BCE.
• Provide a set of actionable recommendations through an Action Plan for the implementation of the most suitable ESG standards for BCE.
• Consulting completion report.

For more details, please refer to the Terms of Reference (TOR) document attached.

IMPORTANT TIMELINES:
The tender submission deadline is MAY 15, 2025 16:00 HRS KOREAN STANDARD TIME (KST).

If any bidder has any request for clarification on the TOR or any part of the tender documents, GGGI will be happy to clarify if they are received on or before 7 days before the deadline (namely: if the tender submission deadline is 16:00 15 May 2025 KST, then the due date for submission of request for clarification is 16:00 8 May 2025 KST).

Interested parties will be required to register their details on the GGGI e-Green Procurement Portal (https://in-tendhost.co.uk/gggi).

HOW TO OBTAIN THE DOCUMENTS:
Documents can be accessed via the e-Green Procurement Portal by selecting ‘View Details’ on the relevant notice and then clicking the ‘Tender Application’ button. If you are a new supplier, you will be required to register your details. If you have an existing account, you will need to login to the portal. Please refer to the guidance documents under the `Supplier Guidance` area of the portal for further information.

ONLINE TENDER MANAGEMENT:
Once in the Tender Management Area for the tender, there are five possible tabs: ‘Tender’, `Tender Documents`, ‘Correspondence’, ‘Clarifications’ and ‘History’. Select the 2nd tab (`Tender Documents`) where you will find useful information regarding the RFP. Scroll down to the heading ‘Tender Documents Received’ where you will be able to view / download the documents.

OPTING IN & OPTING OUT:
Please note that you may be required to ‘Opt In’ before you can start populating your response. The ‘Opt Out’ functionality will also be available throughout the duration of the tender process. Opting out will give you the option of declaring you no longer want to receive any further communication in relation to this tender along with the opportunity of providing comments and feedback for this decision. You can choose to ‘Opt In’ at any time during the tender process if you initially decided to ‘Opt Out’.

SUBMITTING YOUR RESPONSE VIA THE PORTAL:
Please note that you may be required to ‘Opt In’ to be able to submit a response through the portal. Tenderers will be required to upload any mandatory Placeholders (i.e., specified documents) within the `Tender Documents` tab. The ability to attach additional documents may also be available. Your proposal will not be submitted until you click `Submit Return`, located towards the bottom of the screen. On clicking `Submit Return`, you will receive a receipt confirming that your proposal has been submitted to GGGI.
Please read Instructions on How to submit the Proposal.

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