ADFIAP Holds Environmental Banking Seminar in Malaysia

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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.

For more information on ADFIAP’s EGS project, please visit https://www.egs-asia.com .

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