- September 8, 2018
- Posted by: Marvin Garcia
- Categories: ADFIAP News, Association News
The team which comprises the ADFIAP Finance and Investment Center (AFIC), the association’s latest strategic business unit, met with members in the Philippines on August 30, 2018 at the ADFIAP Headquarters in Manila, Philippines. The AFIC team, for its initial reaching out, presented what AFIC can offer to ADFIAP members. Among others, they covered the areas of environmental social and governance (ESG), environmental and social management system (ESMS), and environmental and social risk management (ESRM). Adoption of ESMS and ESRM under the ESG by financial institutions provides business case opportunities and sustainability as well as the mitigate risks, e.g., legal and reputational risks.
AFIC also can help in the diagnostics and review of E&S risks across FI’s portfolio; development of tailored E&S capacity-building programs for FI’s various staff levels, including E&S techniques and skills improvement; and study tour and knowledge exchange visits to FIs which have adopted E&S solutions and already benefiting from it.
Approved by the ADFIAP Board on December 7, 2015, AFIC’s genesis started at the 37th ADFIAP Annual Meeting on April 23-25, 2014 held in Moscow when member-delegates, echoing similar past discussions and sentiments, have expressed the desire to leverage the resources available to ADFIAP into business cooperation opportunities that would meet the strategic needs of members over a wide spectrum of economic environments. Making these opportunities into fruition would bring reality content to defined modalities for development and international collaboration while adding sustainable financial vibrancy to ADFIAP’s operations.
The resource persons during the briefing were members of the AFIC team that included Mr. Noel Verdote, Head of AFIC Climate Finance and Energy Management, Ms. Maria Teresita G. Lacerna, Legal Adviser, Sustainable Finance and Green Development, and Ms. Marinela Cecilia T. Pascua, Environmental and Social Specialist, Environmental and Social Governance.
For more details about AFIC, please email the ADFIAP Secretariat at [email protected]