ADFIAP adopts the Vancouver Green Declaration

ADFIAP member-delegates attending the 33rd ADFIAP Annual Meetings in Vancouver, Canada and meeting for the 13th Extraordinary Meeting of the General Assembly, have adopted the “Vancouver Green Declaration”, with the following five pronouncements:

Declaration No. 1
Institutionalizing Environmental Governance and Management from Within

REALIZING that tackling environmental concerns and climate change issues starts from within, member-institutions of ADFIAP will continue with its ‘Greening of DFIs’ programme that institutionalizes policies, procedures and practices of good environmental governance through training and capacity-building programs, advocacy work and collaboration initiatives, utilizing existing best practices of members as well as adopting international norms and standards.

Declaration No. 2
Investing in Environmental Projects

ACKNOWLEDGING the enormity and scope of investments needed to mitigate the dangerous effects of climate change, ADFIAP and its members will pursue and develop financing sources as well as services towards the goal of contributing their share in building greener economies in their respective areas of operation by investing in clean and renewable energy, low-carbon transportation, water and sanitation, waste treatment, green buildings and housing, sustainable agriculture and forests and other environmental projects.

Declaration No. 3
Financing SMEs for a Greener Economy

RECOGNIZING that small and medium enterprises (SMEs) comprise the largest contributor of business activity and generator of revenues, skills and innovation in any economy, and that most DFIs are engaged in providing financial and technical assistance to SMEs, ADFIAP members will continue to explore and develop new “green financing” programs and services for SMEs, and leverage these resources for better green practices in the sector.

Declaration No. 4
Initiating Green Partnerships and Collaboration

COMMITTING to the mission of ADFIAP in advancing sustainable development in members’ countries, particularly in using finance as an instrument to catalyze environmentally-responsible development, ADFIAP and its members will explore and seek private-public partnerships and collaborative undertakings in coming up with new and better ways to deal with environmental and climate change issues such as, but not limited to, energy efficiency investments, green funds and other related financing mechanisms.

Declaration No. 5
Advocating for Green Growth Strategy

NOTING that the Asia-Pacific economies has opted for a “Green Growth Strategy” that is based on greening business and markets, sustainable infrastructure, green tax and budget reform, investment in natural capital, and eco-efficiency through cleaner production, ADFIAP and its members will advocate for policies and strategies toward supporting, among others, relevant economic instruments, eco-tax reform, green procurement, public information disclosure, and product stewardship tools.