ADFIAP, ESCAP, WWF, BAP hold sustainable finance forum

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ADFIAP, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the World Wide Fund for Nature (WWF), and the Bankers Association of the Philippines (BAP) jointly held a half-day Sustainable Finance Dialogue Forum at the Manila Peninsula Hotel on April 30, 2019. This is in line with ESCAP’s project on “Innovative Climate Finance Mechanisms for Financial Institutions in the Asia-Pacific Region” which, in the Philippines, is under the ambit of the Climate Change Commission, with ADFIAP as its implementing organization.

The event was attended by over 100 bankers, regulators, and development partners. Among the regulators, the Bangko Sentral ng Pilipinas (central bank) and the Securities and Exchange Commission (SEC) were represented by Deputy Governor Chuchi Fonacier and Managing Director Pia Roman-Tayag, and SEC Commissioner Ephyro Amatong, respectively. The BAP was represented by its current President, Mr. Cesar Consing of the Bank of Philippine Islands.

ADFIAP was represented by Secretary General, Mr. Octavio B. Peralta, who presented the results of the training needs survey undertaken for BAP member-banks which was conducted by the ADFIAP Consulting Group, who were also present at the event. The TNA survey is in line with BAP’s capacity-building initiative to develop a demand-driven training program on environment, social and governance (ESG) risks and opportunities.

As part of project’s next steps, the collaborating partners are starting internal discussions on the results of the TNA and the drafting of the training curriculum. ADFIAP and WWF will continue to engage and dialogue with BAP and its member-banks on the capacity building activities for top senior management and the middle management levels on sustainable finance as part of the project deliverables and validated by the results of the TNA survey.

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