(January 22, 2025) The Asian Development Bank (ADB) recently hosted a webinar focusing on Identifying the needs and solutions to scale up adaptation finance in the private sector. ADFIAP Secretary General Mr. Enrique Florencio delivered a presentation highlighting the organization’s pioneering initiatives in development finance. The webinar showcased two notable ADFIAP initiatives: ABANX and the Environmental, Social, and Governance (ESG) Scoring System.
ABANX: Enhancing Banking Efficiency
ADFIAP’s ABANX is a core banking solution designed to enhance the operational efficiency of its member institutions. Under a pay-per-use business model, ABANX offers a cost-effective and scalable solution for development finance institutions. By streamlining banking operations, ABANX enables institutions to focus on their core mission of promoting sustainable development and financial inclusion.
ESG Scoring System: Mainstreaming Sustainability in Finance
ADFIAP’s ESG Scoring System is a groundbreaking tool that enables financial institutions to assess and manage environmental, social, and governance risks. By providing a comprehensive framework for evaluating ESG performance, the scoring system helps financial institutions make informed decisions, minimize risks, and capitalize on opportunities arising from sustainable development.
The webinar highlighted ADFIAP’s commitment to advancing development finance and promoting sustainable development in Asia and the Pacific. As a regional association of development financing institutions, ADFIAP plays a vital role in supporting its members and stakeholders in addressing development challenges.
The webinar’s success demonstrates the growing recognition of ADFIAP’s initiatives and their potential to drive positive change in the region. As the world continues to grapple with the complexities of sustainable development, ADFIAP’s leadership in development finance will be crucial in promoting financial inclusion, sustainability, and inclusive growth. The virtual event drew nearly a hundred participants from various sectors, underscoring the growing interest in sustainable development and economic inclusion