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Chief Technical Advisor on SDG Financing Initiative
|Location :||Beijing, CHINA|
|Application Deadline :||28-Nov-18 (Midnight New York, USA)|
|Additional Category :||Sustainable Development and Poverty Reduction|
|Type of Contract :||Individual Contract|
|Post Level :||National Consultant|
|Languages Required :||English Chinese|
|Duration of Initial Contract :||6 months, with extension upon satisfactory performance|
The Sustainable Development Goals (SDGs) are the most ambitious collective development endeavor attempted, requiring the world to equally ensure social governance, economic inclusion, and environmental protection by 2030. Financing the 2030 Agenda in developing countries is demanding up to $2.5 trillion annually. Since the adoption of the SDGs, there are major efforts on innovative development financing, including green finance, social bond, impact investment integrating the environmental, social and governance (ESG) criteria etc.
UNDP is embarking on a project to address this development challenge of lack of financing and incentive for financing for SDGs focused particularly on inequality, poverty and last mile issues. China has made great efforts focused on green financing to address environmental protection and climate change, however, the vast potential on broader SDG financing is untapped and uncoordinated in China. This stems from conceptual unclarity on SDG financing; absence of collectively accepted standards for measuring the development impact on SDGs; and the proliferation of instruments that are using the social impact branding without proper verification.
UNDP’s initiative is to embark on a process to establish a Standards of Verification, Ratings, Monitoring and Reporting for SDG bonds and other SDG related financing instruments in China. The long-term objective is for the Standards developed by this process to become the industry standard in China and to be used by the issuer, verifier, investor to evaluate/assess an investment before issuance, rate it based on the assessment, monitor compliance during issuance, and assess impact contributing to SDGs annually and report on impacts.
Achieving this objective entails the technical task of developing the Standards and methodology for verification as well as the consensus building task of bringing together key stakeholders including development actors, financial regulatory and industry actors. Therefore, the project would adopt a platform approach, which leads itself to build an alliance that would bring together the necessary stakeholders to work simultaneously on consensus building and technical aspects, feeding off each other.
Duties and Responsibilities
The key focus of the consultancy is to initiate and technically lead the development of an SDG’s standards framework, focused on a rating/evaluation framework for an SDGs related financing and impact measurement in the first phase. Selected consultant is to substantively advise and provide technical leadership to implementation of different outputs of the project and their quality assurance. The consultant should represent UNDP to ensure advocacy coherence, identify entry points for the greatest synergies and strengthen the overall approach to collaborate essential stakeholders for formulation and implementation of SDG FINANCING IMPACT RATING/EVALUATION under the direction of UNDP country office.
SCOPE OF WORK AND DELIVERABLES
Overall Work Responsibilities
Deliverable 1: A standard-setting consultative mechanism is established with participation of governmental and financial stakeholders. This would entail establishing the advisory committee and technical committee, consisting of financial authorities and regulators (People’s Bank of China, as well as influential governors, scholars as senior advisors), financial institutions (MDB, NDB, commercial banks); Other governmental departments involving in national economic and social development.
Deliverable 2: A framework on standards setting of SDGs Financing Rating, verification methodology and reporting. This would entail methodology for financial instrument standards and rating, for screening and selecting SDGs investment categories focused on poverty, inequality and last mile issues. Identify a pilot opportunity for application of the framework. Partner with issuers and local government to pilot the standards; Develop standards of use of proceeds, management of proceeds, project selection and evaluation, information disclosure and reporting, formulate methodology of impact evaluation and reporting.
Deliverable 3: Document the methodology, lessons learnt, opportunities and challenges as a result of the initiative with private sector. This would entail documenting the initiative to share with interested parties for further piloting and scaling up, especially, with financial intermediaries, rating firms; investors.
Required Skills and Experience
EDUCATION AND EXPERIENCE
The award of the contract will be made to the Individual Consultant who has obtained the highest Combined Score and has accepted UNDP’s General Terms and Conditions. Only those applications which are responsive and compliant will be evaluated. The offers will be evaluated using the “Combined Scoring method” where:
Documents to be included when submitting application
UNDP applies a fair and transparent selection process that will take into account the competencies/skills of the applicants as well as their financial proposals. Qualified women and members of social minorities are encouraged to apply.
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.