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ESG & Sustainability

Minimize environmental and social impacts and increase sustainable development with RINA North America

RINA North America ESG & Sustainability

Our expertise

Whether it is for compliance, green marketing, or social responsibility, we support carbon strategy development and decarbonization plans.

With expertise in resource efficiency, GHG accounting and carbon markets, we also address climate change mitigation through understanding of greenhouse gases reduction technologies.

Our services extend to adaptation, climate change risk assessment, and alignment to the Paris Agreement.

RINA North America serves as a consultant for Lenders in project financing, identifying E&S risks during investment appraisal or conducting full due diligence often coupled with independent external monitoring.

For project developers, our services encompass the production of comprehensive impact assessment and management system documentation, in compliance with lenders' standards.

Our disciplines

RINA North America ESG & Sustainability

- Lenders Environmental and Social Consultant (LESC) from initial appraisal to full due diligence

- Independent Environmental and Social External Monitoring and auditing after loan agreement till loan repayment

- Environmental & Social Impact Assessment Studies  

- E&S Management System Package Development (manual, procedures, plans)

- EU Taxonomy and DNSH analysis

- Assessment of Paris Agreement alignment

- Sustainability Reporting and Policy

- Science Based Targets initiative (SBTi) and CSR Policy

- Climate Corporate Governance 

- Green Procurement and sustainable value chain assessment

- ESG Due Diligence, ESG Gap Analysis and Materiality assessment

Life Cycle Assessment (LCA) and Life Cycle Inventories (LCI) 

- Sustainable agriculture and agro-energy

- Emissions Trading Scheme (ETS), Voluntary Carbon Markets (VCM) and Carbon Border Adjustment Mechanism (CBAM)

- GHG Accounting (Scope 1, 2 and 3) and Carbon Footprint of products and organizations

- Technical Support on Resource Efficiency, Energy Transition and Decarbonization

- Climate Change Vulnerability and Risk Assessment

- Second Party Opinion against ICMA and LMA principles

- Gender Baseline Assessments, Equal Opportunity Action Plans and Gender Action Plans 

- Trainings and Capacity Building

Our projects

OneWeb LLC was seeking debt finance to develop, build, launch and operate a low earth orbit (LEO) satellite constellation and related ground facilities (OneWeb LEO Constellation Project). The Project entails the initial launch of 648 satellites with an increase up to 882.

We were appointed as the Lenders Environmental and Social Consultant to carry out a corporate review of One Web’s environmental and social (E&S) management provisions and corporate policies, and an assessment of the potential E&S impacts and risks associated with the Project and the provisions in place to manage these impacts and risks.

Rina developed an E&S Action Plan (ESAP) to address gaps against these requirements and key risks areas, a Stakeholder Engagement Plan (SEP) framework to set out the stakeholder engagement and information disclosure requirements for the Project and a Non-Technical Summary (NTS) for disclosure to the public.

 

We were retained by the IDB to develop an estimate of the incremental financial, human resources and capacity needs that will be required for the effective implementation of the new Environmental and Social Policy Framework (ESPF), both within the IDB and its clients.

We made this estimate for VPS/ESG, the Bank's Sector Divisions and its clients (Project Executing Units - PIUs). For the estimation of these needs, a representative sample of ten (10) projects in seven (7) countries was defined and studied, analyzing their legal framework and identifying the existing gaps regarding the new ESPF, ten (10) PIUs, three (3) IDB Sector Divisions and the VPS/ESG Unit.

 

MSC Cruises SA appointed us as the technical, environmental and social consultant to provide advice and services to the lenders in connection with a SACE export credit financing in relation to the MSC Miami Cruise Terminal Project to be implemented by MSC Miami Cruise Terminal, LLC by means of a Contract with Fincantieri Infrastructure S.p.A.

The required consultancy services will be carried out through the developments of the following two main phases:

- Phase I: pre-financial close Technical, Environmental and Social Due Diligence; and

- Phase II: post signing monitoring of construction and operation stages. 

 

We supported MPC Energy Solutions in the technical and economic feasibility analysis of the implementation of energy efficiency solutions and solar PV grid-tied system for Mico University project located in Kingston, Jamaica.

The Scope of the requested services was articulated into the following activities: 

Establishment of a methodology covering technical and financial aspects to implement the energy efficiency strategies recommended in the energy audit level II and/or propose new strategies; 

- preliminary design of PV system(s) for the Facility to reduce and optimize the energy consumption taking into consideration the energy efficiency strategies recommend by the consultant; 

- high-level assessment of the regulatory requirements for grid connected PV systems in Jamaica and the eligibility of the project to sell electricity to the grid.

 

The International Finance Corporation has been mandated by EBES Sistemas de Energia S.A. (“Origo”) as sole lender for the structuring of a US$42 million debt financing package to fund the construction of up to 30 units of solar PV distributed generation projects across several states in the Northeast and East Brazil with up to 75MWac capacity.

IFC engaged us to conduct a set of consultancy services in relation to the Project including the Climate Change Risk Assessment (CCRA), elaborated considering Physical Risks in line with the latest version of the Equator Principles (EP IV, dated October 2020) and the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). 

 

Pedro Bastidas