NEWS

Green Banking Launch Read More

ADFIAP Holds Environmental Banking Seminar in Malaysia Read More

ADFIAP Holds Environmental Workshops in Sri Lanka and Thailand Read More

ADFIAP will hold Seminar-Workshops on Environmental Governance Standards in Sri Lanka & Thailand Read More

Australasian UNEP FI Newsletter Issue Read More

2nd Working Conference on EGS held in Mumbai, India Read More

1st Working Conference on EGS held in Hanoi, Vietnam Read More

ADFIAP, EU Partners Held Working Session. Read More

Environment Governance Standards for DFIs in Asia: Technical Experts Conference. Read More

EU Project Gets Full Support. Read More

"Greening" Project in Full Swing. Read More

"Greening of DFIs" Gets Euro 346K Grant. Read More

EC Grants 346,446 Euros to Promote Environment Governance Standards in Banking. Read More

Banks may soon use 'green' law compliance in approving laws. Read More

Dev't. banks pushing green banking. Read More

Asia's dev't. financing sector gets P22.4-M grant from EU. Read More

Grant to support environment governance for banks. Read More



   A Project of:
  

View Profile


   In partnership with:
  

View Profile

View Profile



   With funding support from:
  

View Profile

ADFIAP releases environmental governance tools for banks



The issue of environmental governance has been and will always be in the forefront of ADFIAP’s activities. ADFIAP’s ‘Greening of DFIs‘ Project is its collective and responsive effort to pursue sustainable development through its adherence to the principles of a safe and clean environment, not only as part of good corporate citizenship, but more importantly, as an integral part of sound business practice.

- ADFIAP Board of Directors

For many years, the banking sector in general did not consider “greening” the industry a relevant issue. Being in the non-polluting service sector, in contrast to the traditional industry sectors with high external environmental effects, banks were not the focus of discussion with regard to environmental issues.

This situation started to change in the early 90’s. With legal and stakeholder concerns such as lender liability on environmental miscues, plus a growing public awareness due to the leverage effect of investments, the banking sector faced new challenges. Environmental issues suddenly became a part of their daily business, consequently embracing new principles and practices of environmental performance evaluation, risk management, and due diligence.

Development Finance Institutions (DFIs) in emerging markets and developing countries are no exceptions to this trend. Mostly set up by their local or national governments as specialized financial institutions providing long-term financing and technical assistance to economic sectors to vitalize the country’s development and growth, the DFIs’ outlook for environmental issues has been a minor concern for many years.

In 1998, member-DFIs of ADFIAP launched the "Greening of DFIs" project to promote and institute environmental due diligence in lending. Initially supported by the USAsia Environmental Partnership, a USAID initiative, ADFIAP ran capacity building programs, including Board-approved environmental policies, setting up of environmental monitoring units and achieving ISO 14001 certification.

This present EU project will build on the experience of the "Greening of DFIs" project.

 

 

 

Copyright 2005 ADFIAP-EU. All rights reserved.