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Individual Consultant for Sustainable Finance Regulations Report
|Location :||New Delhi, INDIA|
|Application Deadline :||05-Sep-21 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||National Consultant|
|Languages Required :||English|
|Duration of Initial Contract :||September 2021- 31 December 2021|
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.
India has demonstrated its commitment to making the economy more sustainable through ratification of the Paris Agreement on Climate Change, the adoption of the UN Sustainable Development Goals and launching the International Solar Alliance. To deliver on these commitments, a robust sustainable financing system is needed, that can complement public-sector resources by mobilizing domestic and international private financing. In order to address the funding gap for sustainable development and to make the financial sector resilient to extra-financial risks, India needs to make concerted efforts to signal its seriousness towards taking a leadership position on sustainable finance through its policies and actions. Such efforts will also pave the way for attracting finance from international financial institutions who are increasingly attaching “green” or “social” conditions to loans and investments as well as reorienting capital towards low-carbon sectors as part of their recovery plans.
In August 2020, the Department of Economic Affairs (DEA), Ministry of Finance launched the Sustainable Finance Collaborative, in partnership with UNDP. The Collaborative was an effort to bring together leading stakeholders in the financial eco-system with a view to ideate, collaborate and contribute to the Government’s sustainable finance agenda. As a follow-up, UNDP is supporting an expert group that is working to identify and articulate the regulatory changes required to support India’s sustainable finance ambitions.
The group on regulations is part of a broader effort and is already constituted, however additional/ dedicated technical capacity is required to build out a comprehensive report/ set of recommendations. A draft report is due 30 October, which will be followed by a period of wider stakeholder consultations post which revisions are expected and a finalized report would be due no later than 31 December 2021.
Duties and Responsibilities
The primary responsibility of the Consultant is to support the expert group on ‘Regulations’ in developing a comprehensive report and making presentations to stakeholders as needed.
In addition to conducting own analysis and research, this will also require engaging with other expert groups and members of the Task Force, as well engaging with external experts (Special Invitees) requested to provide inputs to the group.
While the Consultant will be formally working under the supervision of the Advisor, Social Impact Investments, South Asia at UNDP, he/ she will also be working under the guidance of the co-leads of the working group. The consultant areas of work are defined as such:
Reviewing the Expert Group’s current approach and draft recommendations
Development of a detailed note on barriers facing the mobilization of Sustainable Finance.
Conducting Research and Analysis to inform additional recommendations or to make existing recommendations more detailed or nuanced.
Engaging with other expert groups/ working groups to identify and incorporate aspects that could be covered under regulations
Please note: as part of above deliverables, consultant should factor in a number of 1 to 1 consultations with select expert group members and account for 2-3 progress/ update presentations that will be needed.
Expected Deliverable/ Outcome
Required Skills and Experience
Language Requirement: English
The award of the contract shall be made to the individual consultant whose offer has been evaluated and determined as Responsive to the requirement. Having received the highest score out of a pre-determined set of weighted technical and financial criteria specific to the solicitation.
Only candidates obtaining a minimum of 49 points (70% of the total technical points) would be considered for the Financial Evaluation;
• Technical Criteria weight - 70%;
• Financial Criteria weight – 30 %
Technical Criteria (70% of the total evaluation)
1. Criteria 1: Prior Experience (30%)
2. Criteria 2: Demonstrated Knowledge on Sustainable Finance (25%)
3. Criteria 3: Multi-stakeholder coordination (15%)
Technically qualified consultants will be requested to submit their lump sum rate i.e. consultants who score more than 70% i.e. 49 marks with respect to the above-mentioned evaluation criteria. Consultant should not specify their consultancy fee on their CV or with the submission. The CV will not be evaluated further in case the consultant submits the same.
Payment Scheduled: Payments will be deliverable linked per the following schedule of payments: