ADFIAP wins International Award for its “Greening” Project

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The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has received the prestigious Associations Make A Better World Award from the Washington, D.C.-based American Society of Association Executives (ASAE) & the Center for Association Leadership for its “Environment Governance Standards (EGS) for DFIs” project. The Awards Committee, in giving the award, stated that “the program truly embodies the spirit of the Associations Make A Better World campaign which seeks to recognize outstanding examples of associations who make a significant contribution to societies and economies worldwide”. The Associations Make A Better World Awards are presented annually to recognize the valuable contributions made by associations around the world.

The completed two-year EGS Project funded by a € 346, 446 grant from the European Commission’s EU-Asia Pro Eco Programme brought forth a wide participation of DFIs in Asia to promote good corporate environmental policy and practices. Among other activities and achievements of the EGS project, two management tools, the Internal Environmental Management System (IEMS) and the Environmental Risk Scan (ERS) provides the “how-to’s” in “greening” the organization and its bottomline and in integrating environmental aspects in lending decisions, respectively. For this project, ADFIAP worked with the Germany’s UNEP/Wuppertal Institute Collaborating Center for Sustainable Consumption and Production (CSCP) and the U.K.’s University of Leeds and the University of St. Andrews.

ADFIAP is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Founded in 1976, ADFIAP has currently 92 member-institutions in 37 countries. ADFIAP co-chairs the UNEP/FI’s Asia-Pacific Task Force Outreach Group. The permanent Secretariat of ADFIAP is based in Makati City, Metro Manila, Philippines.

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