SAM believes that transparency is the cornerstone of an ideal business. Our commitment to ethics, transparency, integrity and responsibility is recognized globally by clients. We are dedicated to secure both fiscal liability and public trust and to make our operations as transparent as possible. We are determined to be known for our openness and high business standards and thus make an agency-wide series to provide detailed information about our projects in order to allow people to give suggestions and share their opinion regarding our development process.
Conference With Concerned Stakeholders
SAM provides all the necessary environmental and social information to locally-affected people in a language, format, and medium that is accessible. Moreover, we give people the freedom to express their opinions and thoughts. We encourage all potential project sponsors to connect in significant talk with local stakeholders during all stages of project growth. It is imperative that consultations need to be comprehensive and ethnically apt and meet up with the requirements of needy and helpless groups.
Our formal public consultation uses different ways depending on the nature and aim of the consultation, the type of project and the edifying setting. At the screening stage, the consultation will involve early discussion of the project and afterwards the opportunities are given to review and comment on the baseline audit document. During the process of project development, SAM's Office of Investment Policy will get the verification that the people who invested in Category A projects have already talked with locally-affected societies. Also, the PRA (Paperwork Reduction Act) of our organization provides notice and comment procedures to be published in the federal register, such as the people can directly tell their concerns, grievances, suggestions, and queries to the Office of Management and Budget.
Due Diligence Screening Of Project Sponsors And Future Impacts
SAM consultant will screen project applications to check at the earliest possible stage the dangers of unpleasant environmental and social impacts of the project and to find project impacts that could preclude SAM consultant support. We always strive hard to provide the best experience to our clients through our best practices. For this, we timely check and review the potential risks include sector, project scale, social concerns, and the potential for cross border impacts and mitigate them at the earliest stage.
Our project team also take steps to monitor CRDD issues affecting a project, including but not limited to potential transfers of equity in an SAM-supported project. In those cases, the project team will take on proper investigation on potential new holders of equity in SAM-supported projects. In case, our CRDD research raises issues about a certain project, the SAM project team will bring those issues and concerns to the attention of our senior management team, which will then decide whether to proceed with the project or not.