Norwegian Investment Fund Seeks Environmental & Social Manager
Norfund, a prominent entity in the realm of sustainable investments within developing countries, is on the lookout for an Environmental & Social (E&S) Manager/Associate Manager. This role is integral to the organization’s commitment to aligning its projects with sustainable development goals, specifically within its Scalable Enterprises portfolio. Based in Oslo, the position is available for a 12-month fixed-term period.
Understanding Norfund’s Mission
Established in 1997 under the ownership of the Norwegian Ministry of Foreign Affairs, Norfund plays a vital role in supporting economic progress and poverty alleviation. The fund invests in sectors like renewable energy, financial services, agribusiness, and manufacturing across developing nations. With a portfolio valued at NOK 43.2 billion, Norfund is committed to adhering to international environmental, social, and governance standards. The organization operates globally from offices in Oslo, Nairobi, Johannesburg, Accra, San José, and Bangkok.
The Role: Key Responsibilities
The E&S Manager/Associate Manager will work under the E&S Director for Scalable Enterprises. The responsibilities include assessing environmental, social, and human rights risks, negotiating sustainability requirements in investment agreements, and monitoring project compliance. The role also involves supporting clients in developing E&S management systems and representing Norfund at industry forums.
- Collaborate with project managers on investment projects in sectors such as Funds, Agribusiness, and Manufacturing.
- Conduct due diligence to evaluate E&S risks and impacts of investments.
- Negotiate sustainability terms in investment agreements and monitor adherence to E&S requirements.
- Facilitate knowledge transfer and training to enhance client E&S management systems.
- Engage with co-investors and European Development Finance Institutions to manage E&S risks.
- Represent Norfund at various external meetings and industry events focused on E&S risk management.
Qualifications and Expertise
Candidates should hold an advanced degree, preferably a Master’s, in fields like environmental science, engineering, or social science. A minimum of 5 years of experience in E&S assessments or relevant industry experience is required, with 7 years needed for a Manager level position. Familiarity with international standards such as the IFC Performance Standards and WB EHS Guidelines is essential.
- Expertise in environment, hydrology, biodiversity, land issues, OHS, human rights, or labor rights is advantageous.
- Knowledge of certification systems such as ISO 14001, ISO 45001, and SA8000 is beneficial.
Opportunities and Benefits
The position offers the chance to contribute to significant economic growth, poverty reduction, and climate action in developing countries through impactful investments. Norfund provides a highly competent and diverse workplace, where employees can play a crucial role within small, focused project teams under a flat management structure.
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