On the invitation of China City Development Foundation and Macao Economic Society, ADFIAP, represented by its Secretary-General, Enrique I. Florencio, spoke on ADFIAP’s greening initiatives with its members’ projects on renewable energy, energy efficiency, and other related sustainable development projects. Mr. Florencio also shared ADFIAP’s 20-year journey of embracing and embedding the principles of EESG (economic, environmental, social, and governance) together with its member-DFIs that led to the institutionalization of green finance in their loan portfolios.
The goal of the summit is to link green projects with green capital. Financial experts and institutions from China, Europe, Middle East, Australia, South Asia shared their experiences in the green finance development space.
During the summit, ADFIAP, China City Development Foundation, and Climate Bonds Initiative signed a memorandum of cooperation on initiating a green finance fund that aims to develop a financial tool to assist SMEs in developing green projects. While individual projects may lack market scale and credit background to attract capital, similar projects within a specific industry, when connected with a networking structure, could be able to form an industry market that can attract interest from institutional investors and possibly, development banks.
The green finance summit is hosted by Macao Economic Society and China City Development Foundation CCDF, organized by Macao Convention and Exhibition Industry Association. The conference was held via zoom on August 7, 2021, and attended by almost a hundred participants from diverse sectors and institutions.