EU, ADFIAP, IDBI Hold Environment Conference in Mumbai

Posted on . Filed under Association News. Be the first to comment.

ADFIAP, in cooperation with its Indian member, IDBI, Ltd., and the EU, under its Asia Pro-Eco Program, held a working conference on Environmental Governance Standards (EGS) on June 21-23, 2006 at the Taj Mahal Hotel in Mumbai. The event is the second working conference after the successful running of the first one in Hanoi, Vietnam in March.

This conference served as a forum for the EGS project and its partners’ – Germany’s Wuppertal Institute and U.K’s University of Leeds – in adapting the findings of their respective research studies on internal environmental management system (IEMS) and on environmental rating system for project finance (ERS), into the development of a training resource and guidebook for use of ADFIAP members and other financial institutions, including commercial banks.

The EGS is an 18-month project that aims to support ADFIAP’s “Greening of DFIs” project through an EU- Asia Environmental Partnership. The EGS aims to develop specialized management tools and instruments at the institutional level to benchmark Asian banks’ environmental management policies and practices against best-of-industry standards in Europe.

The conference was attended by 28 participants from different financial institutions in India, Turkey, Nepal, Malaysia, Sri Lanka, and the Philippines. The resource persons of the conference were Ms. Burcu Tuncer of the Wuppertal Institute, Dr. Frank Figge of the University of Leeds and Mr. Octavio B. Peralta, ADFIAP Secretary General. The event was inaugurated by Mr. V.P. Shetty, Chairman and Managing Director of IDBI, Ltd., the country’s pre-eminent financial institution and one of ADFIAP’s founding members and Board Directors.

Comments are closed.