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

Culminating its 18-month project on environmental governance standards (EGS) for DFIs in Asia and the Pacific www.egs-asia.com, ADFIAP has released three resource/trainers books to "green" the bank's operational and lending processes and practices, using the internal environmental management system (IEMS) and environmental risk scan (ERS), respectively. Aside from conferences, workshops and capacity-building activities undertaken under the project, these 'tools' are part and parcel of the outputs of the EGS project funded by the European Commission under its EU-Asia Pro Eco Programme. Germany’s UNEP/Wuppertal Institute Collaborating Centre for Sustainable Consumption and Production (CSCP) and the United Kingdom’s University of Leeds and University of St. Andrews provided the technical assistance in completing the IEMS and ERS, respectively.

For more details about these publications, please contact the ADFIAP Secretariat at email inquiries@adfiap.org

Launch of EU-ADFIAP initiative
BANKS TOLD TO ‘GO GREEN’

WHILE traditionally regarded as a “non-polluting sector,” banks are now going green and are making the protection of the environment their business.

Aided by a grant of Euro 346,446 (about Php22 million) from the European Commission, the Manila-based Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) yesterday launched the “Green Banking Initiative” to promote environmental governance standards among banks and financing institutions in the Asia-Pacific region. The initiative was funded by the European Commission under its Asia Pro-Eco Programme.

“We are now being confronted with global climate change issues. Some financial institutions that previously found nothing wrong with underwriting millions of dollars for certain sectors like mining, illegal logging and other commercial operations that rapidly deplete the ozone layer, denude forests, deplete water resources, or pollute the rivers have now started paying attention,” said Ambassador Jesus P. Tambunting, chairman of ADFIAP and Planters Development Bank of the Philippines. “Along with governments, civil society and business organizations, banks and financial institutions realized that protecting the environment should also be its business.”

EU Ambassador and Head of Delegation to the Philippines Alistair Macdonald said banks in Asia “have been relatively slow in examining their exposure to the environmental risk and the business opportunities of sustainable development. This is a missed opportunity, both for the environment and business.”

The European Commission’s grant has “paved the way for a greater understanding and awareness of the importance of environmental issues” among banks and financial institutions in Asia-Pacific, especially among ADFIAP’s 83 members spread throughout 37 countries and territories, he added. “At least sixteen Asian Banks have instituted or enhanced their corporate environmental policies, thanks to the project,” the EU Ambassador said.

Among the major outputs of the 18-month project are the resource and training books that will aid DFIs in the internal application of environmental management policies and practices, and assess environmental risks when evaluating loan proposals from borrower-clients.

With technical assistance from its European partner-organizations, Germany's UNEP/Wuppertal Institute Collaborating Centre for Sustainable Consumption and Production (CSCP), and the United Kingdom's University of Leeds and University of St. Andrews, ADFIAP launched a region-wide campaign to strengthen DFI environmental governance policies, systems and procedures. This involved a series of conferences and seminars held in Manila, Mumbai, Hanoi, Bangkok, Beijing, Kuala Lumpur and Colombo, where more than 200 senior executives of DFIs participated.

“When it comes to issues affecting the environment, we have been spared from the controversies and the protests. But the climate has now changed,” said Ambassador Tambunting. “This is the day we in the banking industry start going green.”

Green Banking Launch

ADFIAP will officially launch the resource and trainers’ books produced under the EU-Asia Pro Eco1 Programme-funded project called Environmental Governance Standards (EGS) for Development Finance Institutions in Asia on September 21, 2007 at 10:30 a.m.at the Mandarin Oriental Hotel in Makati City, Philippines.

The EGS project aims to promote “greenbanking” by institutionalizing in banks and financial institutions, an internal environmental management system, including incorporating environmental risk assessment aspects in lending decisions. The event will be attended by the current Head of the EU Delegation to the Philippines, Ambassador Alistain MacDonald; ADFIAP Chair and Planters Bank Chairman and CEO, Ambassador Jesus Tambunting; Banko Sentral Ng Pilipinas Deputy Governor Diwa Guinigundo, DBP Board Member Mr. Ramon Durano IV; along with heads and other representatives of Philippine-based ADFIAP member-banks, partners, associates and other banks as well as press people covering the banking beat.

ADFIAP Holds Environmental Banking Seminar in Malaysia

ADFIAP, in cooperation with the Association of DFIs in Malaysia (ADFIM) and in partnership with the UNEP/Wuppertal Institute Collaborating Centre on Sustainable Consumption and Production (CSCP) and the University of St. Andrews' Sustainable Development Research Center, and with funding support from the European Commission through its EU-Asia Pro-Eco Programme, held a Seminar-Workshop on Environmental Governance Standards (EGS) for Financial Institutions on November 30 and December 1, 2006.

This training event is one of four slated national workshops under the project. Earlier, two national workshops were held in Colombo, Sri Lanka and Bangkok, Thailand. The fourth one will be held in Beijing, China on December 5 to 6, 2006.

The EGS is an 18-month, €346,446 Euro-grant project to support ADFIAP’s “Greening of DFIs” Project through an EU-Asia Environmental Partnership. The EGS aims to develop an Environmental Performance Monitoring Program (EPM) that comprises specialized management tools and instruments at the institutional level to benchmark their internal environmental management policies and practices against-best industry standards; and the Environmental Rating Standards for Loan Appraisal and Project Finance (ERS), a set of concrete measures for integrating environmental issues in established risk assessment procedures in lending to borrower-clients.

ADFIAP Holds Environmental Workshops in Sri Lanka and Thailand

ADFIAP, in cooperation with its Sri Lankan and Thai members, DFCC Bank and TMB Bank, respectively, and in partnership with the UNEP/Wuppertal Institute Collaborating Centre on Sustainable Consumption and Production (CSCP) and the University of Leeds' Sustainability Research Institute, and with funding support from the European Union Asia Pro-Eco Programme, held the Seminar-Workshop on Environmental Governance Standards (EGS) for Financial Institutions on October 2-7, 2006 and October 9-11, 2006 in Colombo and Bangkok, respectively.

These training events were the first two of four slated national workshops under the project. The other two national workshops will be held in Kuala Lumpur and Beijing, on November 30 to December 1 and December 5 to 6, 2006, respectively.

The EGS is an 18-month, 346, 446 Euro-grant project to support ADFIAP’s “Greening of DFIs” Project through an EU-Asia Environmental Partnership. The EGS aims to develop an Environmental Performance Monitoring Program (EPM) that comprises specialized management tools and instruments at the institutional level to benchmark their internal environmental management policies and practices against-best industry standards; and the Environmental Rating Standards for Loan Appraisal and Project Finance (ERS), a set of concrete measures for integrating environmental issues in established risk assessment procedures in lending to borrower-clients.

View Conference Report ( PDF file)

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

In cooperation with DFCC Bank and TMB Bank Public Company Ltd., ADFIAP will hold seminar-workshops in Colombo, Sri Lanka (October 3-5) and Bangkok, Thailand (October 9-11), respectively. The activities are part of a series of national events that will be conducted after the successful running of the 1st and 2nd Working Conferences held in Hanoi, Vietnam (in March) and Mumbai, India (in June) this year.

The results of the research studies and the tools developed by ADFIAP’s EU partners - Germany's UNEP/Wuppertal Institute and the U.K.'s University of Leeds – on the internal environmental management system (IEMS) and environmental rating system for project finance (ERS) will be tested in the national activities for eventual adaptation in the region.

The EGS is an 18-month project that aims to support ADFIAP's "Greening of DFIs" project through an EU- Asia Environmental Partnership. The EGS aims to develop specialized management tools and instruments at the institutional level to benchmark Asian banks' environmental management policies and practices against best-of-industry standards in Europe.

Both events will be attended by more than 30 participants from different financial institutions in Sri Lanka and Thailand. The resource persons are Ms. Burcu Tuncer of the UNEP/Wuppertal Institute; Dr. Frank Figge of the University of Leeds; and Mr. Octavio B. Peralta, ADFIAP Secretary General. The event in Sri Lanka will be inaugurated by Mr. Nihal Fonseka, General Manager/Chief Executive Officer of DFCC Bank, and recently recognized as the Outstanding CEO of the Year by the largest global gatherings of Development Financing Institutions in the Asia and the Pacific region; Dr. Subhak Siwaraksa, Chief Executive Officer of TMB Bank will formally open the event in Thailand. The Ambassadors of the EU Delegation in both countries have been invited to attend the opening ceremonies.

View Conference Report ( PDF file)

2nd Working Conference on EGS held in Mumbai, India

ADFIAP, in cooperation with its Indian member, IDBI, Ltd., and the EU, under its Asia Pro-Eco Program, held a working conference on Environmental Governance Standards (EGS) on June 21-23, 2006 at the Taj Mahal Hotel in Mumbai. The event is the second working conference after the successful running of the first one in Hanoi, Vietnam in March.

This conference served as a forum for the EGS project and its partners' - Germany’s Wuppertal Institute and U.K’s University of Leeds - in adapting the findings of their respective research studies on internal environmental management system (IEMS) and on environmental rating system for project finance (ERS), into the development of a training resource and guidebook for use of ADFIAP members and other financial institutions, including commercial banks.

The EGS is an 18-month project that aims to support ADFIAP’s “Greening of DFIs” project through an EU- Asia Environmental Partnership. The EGS aims to develop specialized management tools and instruments at the institutional level to benchmark Asian banks' environmental management policies and practices against best-of-industry standards in Europe.

The conference was attended by 28 participants from different financial institutions in India, Turkey, Nepal, Malaysia, Sri Lanka, and the Philippines. The resource persons of the conference were Ms. Burcu Tuncer of the Wuppertal Institute, Dr. Frank Figge of the University of Leeds and Mr. Octavio B. Peralta, ADFIAP Secretary General. The event was inaugurated by Mr. V.P. Shetty, Chairman and Managing Director of IDBI, Ltd., the country's pre-eminent financial institution and one of ADFIAP's founding members and Board Directors.

View Conference Report ( PDF file)

1st Working Conference on EGS held in Hanoi, Vietnam

ADFIAP, in cooperation with the Bank for Investment and Development of Vietnam, and with funding support from the European Union’s Asia Pro-Eco Programme, is holding a Working Conference on Environmental Governance Standards (EGS) for Asian DFIs on March 20-22, 2006 in Hanoi, Vietnam.

This conference serves as a venue for the presentation of the research studies undertaken by ADFIAP’s EGS project partners – Germany’s Wuppertal Institute and the U.K’s University of Leeds – on internal environmental management system (EMS) and environmental rating system for project finance (ERS), respectively, and first validation process of the proposed EGS tools by the intended users, i.e., ADFIAP members. The resulting measures, methods, tools and instruments will be the bases for the subsequent development of a trainer’s guidebook and a resource book for dissemination and use of member-banks.

The EGS is an 18-month, 346,446 Euro-grant project to support ADFIAP’s “Greening of DFIs” Project through an EU-Asia Environmental Partnership. The EGS aims to develop an Environmental Performance Monitoring Program (EPM) that comprises specialized management tools and instruments at the institutional level to benchmark their internal environmental management policies and practices against best-industry standards; and the Environmental Rating Standards for Loan Appraisals and Project Finance (ERS), a set of concrete measures for integrating environmental issues in established risk assessment procedures in lending to borrower-clients.

View Conference Report ( PDF file)

ADFIAP, EU Partners Held Working Session

The Environmental Governance Standards (EGS) Project partners – ADFIAP, Germany’s Wuppertal Institute (WI) and UK’s University of Leeds – successfully held their working meeting on February 14 to 16, 2006 at the WI headquarters in Germany.

During the meeting, the EU partners presented the results of their research studies on Internal Environmental Performance Monitoring (EPM) and Environmental Rating Standards (ERS) while ADFIAP covered the Asian Background Report which was simultaneously conducted as an input to the Technical Experts Conference Asia (TEC) held on November 11-12, 2005 in Manila, Philippines.

The partners also discussed the methodology for the transfer of results from the EU research studies to the Asian context. The meeting was also an occasion for the project partners to finalize the scheduling of the training events and other activities, including visibility actions.

Environment Governance Standards for DFIs in Asia: Technical Experts Conference

November 10-11, 2005
Makati City, Philippines

View details ( PDF file)

EU Project Gets Full Support

The ADFIAP Board gave its full support to the “Environmental Governance Standards (EGS) for DFIs in Asia” project by signing an endorsement & commitment document to make the project a success.

This 18-month, 346, 446 Euro-grant project aims to support ADFIAP’s “Greening of DFIs” Project through an EU-Asia Environmental Governance Partnership that leads to the development and initial application of Environmental Governance Standards (EGS) for member-Dfis. the EGS will consist of the following:

  1. For the internal application within DFIs, an Environmental Performance Monitoring (EPM) Program that comprises specialized management tools and instruments at the institutional level to benchmark their environmental management policies and practices against best-industry standards.
  2. As an external dimension, an Environmental Rating Standards for Loan Appraisal and Project Finance (ERS) as a set of concrete measures for integrating environmental issues in established risk assessment procedures in lending to borrower-clients.

"Greening" Project in Full Swing

After its successful launching on August 22, 2005 at the Planters Development Bank Headquarters in Makati City, Metro Manila, Philippines, the Environmental Governance Standards (EGS) Project is currently in full swing, with various activities in the implementation phase are going on.

Two research studies, one on environmental performance monitoring and the other on environmental rating standards are presently being undertaken respectively by Germany’s Wuppertal Institute for Climate Change, Environment and Energy (WI) and UK’s Sustainability Research Institute, School of Earth & Environment (SRI), at the University of Leeds.

At the same time, ADFIAP is undertaking that Asia background report to update on the current environmental management policies and practices of member-banks as well as best case applications by ‘greenbanks’ in the region.

These studies will be presented at the Technical Expert Conference to be held in Manila from November 10-11, 2005. About 20 environmental officers of member-banks and other financial institutions will participate in the event which will result in further finetuning of the tools to be developed under the project, i.e., the Environmental Performance Monitoring Programme (EPM) and the Environmental Rating Standards for Loan Appraisal and Project Finance (ERS).

The project partners are also producing an initial visibility brochure for the project which will be distributed to ADFIAP members and other affiliated organizations, including big-tickets event like the UNEP/FI Global Roundtable to be held in the UN Headquarters in New York City on October 25-26, 2005.

"Greening of DFIs" Gets Euro 346K Grant

ADFIAP’s “Greening of DFIs” Project gets big boost from the European Union (EU) under its Asia Pro-Eco Programme with Euro 346,446 grant for an 18-month project on environmental governance for ADFIAP member-banks. The Association’s successful bid is bolstered with its partnership with two prestigious EU institutions—Germany’s Wuppertal Institute for Climate, Environment and Energy and the U. K.’s University of Leeds Sustainability Research Institute.

The project’s ultimate goal is to support the “greening” of the banking and finance sector in Asia through the development and implementation of environmental governance standards for ADFIAP member DFIs and other participating financial institutions.

The project will initiate an EU-Asia Environmental Governance Partnership that leads to the development and initial application of the Environmental Governance Standarsd (EGS) for DFIs. The EGS has two main pillars: the Environmental Performance Monitoring (EPM) Program for internal application within DFIs and the Environmental Rating Standards (ERS) for Loan Appraisal and Project Finance as an external dimension of promoting good environmental management in borrower-clients.

The project is a milestone for ADFIAP as this is the first time it has participated in a competitive nature for an EU grant.

ADFIAP’s “Greening of DFIs” Project gets a big boost from the EuropeanUn.

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

The finance sector has now entered the road to sustainable development and turned more environment-friendly and the European Commission is acknowledging such initiative of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in putting environment on top of its agenda.

The European Commission has approved a grant of 346,446 Euros for the Manila-based ADFIAP to promote environment governance standards in the banking and finance sector in the region.

Ambassador Jan de Kok, Head of Delegation of the European Commission to the Philippines, said that the grant is a reaffirmation of the European Commission’s commitment to boost environment governance in the business sector. Meanwhile, ADFIAP Chairman and CEO of Planters Development Bank in the Philippines, hailed the grant saying it will encourage development financing institutions to make permanent their policies and practices in prioritizing environment concerns when evaluating loan proposals.

A growing practice in banks in many countries is to require borrower-clients to comply with laws and rules to protect the environment in designing project loan proposals. This is in response to concerns like global warming which is the result of industrial emissions.

The 18-month project aims to support the “greening” of the banking and finance sector in Asia through an EU-Asia Environmental Governance Partnership that leads to the development and initial application of Environmental Governance Standards (EGS) for development finance institutions.

The EGS will consist of the Environmental Performance Monitoring Program for internal application within DFIs to institutionalize their environmental management policies and practices and the Environmental Rating Standards for Loan Appraisal and Project Finance for their loan officers’ use when evaluating loan proposals from borrower-clients to assess their projects’ environmental aspects.

Through a series of working conferences to be held in Manila, Mumbai and Hanoi as well as national seminar-workshops to be conducted in Bangkok, Beijing, Kuala Lumpur and Colombo, about 160 senior executives and middle managers of DFIs and other participating financial institutions will get a deeper insight of their own institutions’ environmental management practices and the corresponding environmental issues of their lending operations.

With technical assistance from its European partner-organizations, the Wuppertal Institute for Climate, Environment, Energy and the Leeds Institute for Environmental Science and Management, ADFIAP will be able to launch a wide-scale campaign for the implementation of capacity-building programs on strengthening DFI environmental governance policies, systems and procedures.

This will provide the basis for a new orientation towards more environmentally-sound practices and policies. Eventually, the implementation of the EGS will also stimulate the demand for modern environmental solutions and technologies.

The project is financed by the EC Asia Pro Eco Programme that aims to support institutional and operational partnerships and networks to tackle major environment issues through sharing of innovative technologies.

ADFIAP is the focal point of all the development banks and other financial institutions engaged in the financing of development in the region. The Association is the largest organization of its kind in Asia and the Pacific with presently 62 members in 31 countries.

Copyright 2005 ADFIAP-EU. All rights reserved.