ADFIAP greening initiative featured in international publication

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ADFIAP’s “Greening of DFIs” project got another visibility mileage as it was featured in the “New Financiers and the Environment, Ten Perspectives on How Financial Institutions Can Protect the Environment (May 2008 issue), a publication of the International Rivers. The publication has both an English and a Chinese version. Please read a copy at ADFIAP’s downloads section.

The “Greening of DFIs” project of the Association started in July 2000 to promote environmental due diligence in Asia. To achieve this goal, ADFIAP partnered with the United States-Asia Environmental Partnership (USAEP), where both organizations designed capacity building programs intended to educate the members of the Association on the importance and incorporation of written environmental policies into their overall business philosophies.

In 2005, the project got a big boost from the European Commission under its Asia-Pro Eco Programme with a Euro 346,446 grant for an 18-month project on Environmental Governance Standards (EGS) for ADFIAP member-banks. The project has been successfully completed resulting in the publication of 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 (more on this at the project’s website at https://www.egs-asia.com.

International Rivers seeks a world in which rivers and the ecosystems they support are valued, and the importance of the links between healthy environments and healthy societies are understood. It envisions a world where development projects neither degrade nature nor impoverish people, and where all people have a voice in decisions affecting their lives and livelihoods. Through research, education and advocacy, International Rivers work to halt destructive river infrastructure projects, address the legacies of existing projects, improve development policies and practices and promote water and energy solutions for a just and sustainable world.

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