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.
The Sustainable Finance Collaborative, supported by the SDG Finance Facility platform at UNDP India launched in August 2020 is 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. Drawing from the Collaborative, the Ministry of Finance, DEA has formulated an inter-ministerial Sustainable Finance Taskforce. One of the key deliverables of this taskforce is the development of a report on Global and Domestic Best Practices in Sustainable Finance. As a next step, UNDP country office is looking to engage the services of an Individual Consultant who would work under the ambit of the taskforce and lead the development of the report.
The broad outline and status of the report is as follows:
Duties and Responsibilities
The primary responsibility of the Consultant is to lead the development on Global and Domestic Best Practices in Sustainable Finance (referred to as ‘Best Practices Report’ from here on).
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-Chairs of the Working group and expert members of the two other Working Groups, where necessary. The consultant areas of work are defined as such:
Reviewing and Revising the Existing Drafts of the Best Practices Report
Drafting of Remaining Chapters of Best Practices Report
Developing Case Studies to illustrate Business Case of Sustainable Finance
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 (25%)
2. Criteria 2: Demonstrated Knowledge on Sustainable Finance (30%)
3. Criteria 3: Multi-stakeholder coordination (15%)
Financial Proposal :
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:
Miscellaneous charges i.e. internet, phone, relocation charges, local travel etc. would not be reimbursed separately.
|City, State:||New Delhi|
|Closing date:||July 23, 2021|