The financial institutions have an important role to play when it comes to reducing environmental and social risk associated with a project. Their role becomes significantly important considering severe capacity gap with different institution entrusted with the job. Therefore, it is imperative for the financial institutions to conduct a proper due diligence of a project before financing them. This will not only save them from reputational risk but also from financial risk.
‘Septage’ is both solid and liquid waste that accumulates in onsite sanitation systems (OSS) e.g. septic tanks. This has three main components – scum, effluent and sludge. It has an offensive odour, appearance and contains significant levels of grease, grit, hair, debris and pathogenic micro organisms. The construction and management of OSS are left largely to ineffective local practices and there is lack of holistic septage management practices.