The issue of environmental governance has been and will always be in the forefront of ADFIAP's activities. ADFIAP's "Greening of DFIs" Project is its collective & responsive effort to pursue sustainable development through its adherence to the principles of a safe and clean environment, not only as part of good corporate citizenship, but more importantly, as an integral part of sound management practice.

 

The twin objectives of the project are to institutionalise in each member: (a) a set of environmental policies and practices approved by its Board of Directors and incorporated into its overall business philosophy and (b) an environmental officer or monitoring unit to look after environment issues and concerns in its day-to-day operations.

 

This 18-month project supported ADFIAP's "Greening of DFIs" Project through an EU-Asia Environmental Governance Partnership that lead to the development and initial application of Environmental Governance Standards (EGS) for member-DFIs.

 

The EGS consists of the following:

a) For the internal application within DFIs, an Internal Environmental Management System (IEMS) that comprises specialised management tools and instruments at the institutional level to benchmark their environmental management policies and practices against best-industry standards.

 

b) As an external dimension, an Environmental Risk SCAN (Systematic Credit Analysis) (ERS) as a set of concrete measures for integrating environmental issues in established risk assessment procedures in lending to borrower-clients.

 

Awards

The Project has received Honorable Mention in the Developing Nation category of the 2008 "Associations Make A Better World" Awards by the Washington D.C.-based American Society of Association Executives (ASAE) and the Center for Association Leadership - Awards Page (external link)

 

 

Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

Wuppertal Institute

The Sustainability Research Institute, School of Earth & Environment, University of Leeds (SRI)