GREEN BANKING IN ASIA + 3

Size: px
Start display at page:

Download "GREEN BANKING IN ASIA + 3"

Transcription

1 ENVIRONMENT, CLIMATE CHANGE AND LOW CARBON DEVELOPMENT GREEN BANKING IN ASIA + 3 Edi Setijawan

2 involvement Introduction 1. What is Green Banking? Planet People ALL PRODUCTS FUNDING LENDING Profit CSR driver Compliance Voluntary Integrated

3 Risk Management: Level of Banks involvement in Green Project/investment Infant Industry Green Sectors Economic of scale industry Hi risk Bank s risk management Inherent risk Manageable risk + premium Interest rate Extra efforts Risk Management Market price Interest rate Normal effort Avoid Love 3

4 Role of Government & Central Bank/Financial Supervision Authority: Intervention Areas Infant Industry Green Sectors Economic of scale industry Hi risk Bank s risk management Inherent risk Manageable risk + premium Interest rate Extra efforts Risk Management Market price Interest rate Normal effort Avoid Love 4 Intervention/incentive area

5 Basic Facts Green Banking in ASEAN The Equatorial Principles (73 banks) a. China (industrial bank) b. Japan (Mizuho Corp. Bank, Sumitomo Mitsui Bank) c. Asia (3), Africa (7), middle East (3), Latin America (9). 2. UNEP (203 banks) a. China (4) b. Japan (19) c. Indonesia (1) d. South Korea (8) e. Philippines ( 3 ) f. Thailand (2) g. Asia (40), Africa (15), Middle East (1), Latin America ( 18 )

6 Implementation of Green Banking China case: The China Bank Regulatory Commission: instruction bank to cease lending to projects that were out of compliance with relevant laws incl. law environmental protection, 2004 Ask bank to asses environmental risks in loan application and integrating environmental considerations into bank investment choices, 2007 Government: Stimulate by Government Green Credit Policy 2007, credit black list, National Climate Change Program cutting emission of major pollution by 10% by Upgrade the State Environment Protection Agency into full cabinet ministry under the name the ministry of environmental protection Challenge in implementation stage: local government, & overseas Green securities, green insurance, 2008 Policy bank China Development Bank and China Exim Bank Voluntary based China Industrial Bank joined with the Equatorial Principles, banks joined with UNEP Civil Society (NGO) presented Green Banking Award to Chinese banks. Role of international agency; IFC, UNEP, OECD, WB focus on capacity building & raising awareness Issues: Adopting international standards & norm, transparency & accountability, equal treatment. Source: BankTrack

7 Japan case Description Target: Minimize the environmental impact of projects Green banking initiatives: Eco-rating and low-interest loans for environmental innovation by Development Bank of Japan (DBJ) An in-house rating project set up in DBJ in 2004 Eco-rating scores loan applicant on several aspects, including whether developed a high-level environment management system Eco-rating helps loan applicant get a low-interest loan and loan expansion Key results By March 2010, 200 companies have been qualified for the low-interest loans, including manufacturers, chemical engineering companies and machinery makers DBJ Eco-rating helps business-to-business companies promote their environment activities Key challenges A subjective and comprehensive rating system is needed All the scores and rating process can be verified 7 SOURCE: Press search, greenbanking-2

8 Implementation of Green Banking Indonesia case: The Central Bank of Republic of Indonesia (Bank Indonesia) Bank Act 10/1998 obligation to have environmental impact assessment for large scale loan or hi risk, BI regulation in asset quality that put environmental as part of consideration for credit application, 2004 Preparing new BI policy & Regulation on Green Banking MoU BI Ministry of Environment 2004, 2010 Government: Commitment to reduce GHE 26% from BAU in 2020 or 41% with International Support Established National Council on Climate Change National Plan to anticipate climate Change, 2007 Environmental protection and management act No.23/2009 Challenge in implementation stage: local government & inter dept. coordination Incentives: Tax, soft loan, guarantee scheme, Voluntary based 1 bank joined with UNEP Civil Society (NGO) as watchdog e.g. Green Peace, Walhi. Role of international agency; IFC, UNEP, UNFCCC focus on capacity building & raising awareness. Issues: Adopting international standards & norm, incentives, competency, transparency & accountability, equal treatment, infrastructure

9 Stakeholder Green Banking in Indonesia Government Bank Indonesia Capital market International best practices/standards International Financial Institution/donor agency National Council on Climate Change (NCCC) Banks R & D Institution/ Universities NGOs Environmental Auditor Banks Association customer Rating agencies

10 Relevance of Green Banking for a future Green Economy 1. Green Economy: An economy that improves human well-being and social equity while simultaneously reducing environmental risks and ecological scarcities (UNEP) 2. Re-orientation on investment policies & strategies (1) reduce un environmental friendly investment and (2) increase environmental friendly investment 3. Source of Funds: Government (but limited), Bank/Financial institution, and international agency/corp.

11 Potential & Limits of Green Banking for Global Green Transformation 1. Potential a. Increase number of banks that joint with international best practices (TEP, UNEP, UNFCCC) b. Integration environmental aspect in bank s risk management c. Support from government and international 2. Limitation a. Most of green sectors are infant industries b. Liquidity issue (short term funds versus long term investment) c. Regulation (cross border) d. Limited knowledge & expertise

12 Q-A

Detailed Recommendations 14: Make Environmental Information Disclosure Mandatory

Detailed Recommendations 14: Make Environmental Information Disclosure Mandatory Detailed Recommendations 14: Make Environmental Information Disclosure Mandatory 14 This is a background paper to the report: Establishing China s Green Financial System published by the Research Bureau

More information

Green Banking Legislation, Standards and Implementation Edi Setijawan

Green Banking Legislation, Standards and Implementation Edi Setijawan Green Banking Legislation, Standards and Implementation Edi Setijawan Regional Seminar on Innovative Climate Finance Instruments for Financial Institutions 19-20 June 2017, UNCC, Bangkok, Thailand Sustainable

More information

Strategic benefits Building bridges, shaping globalisation

Strategic benefits Building bridges, shaping globalisation Strategic benefits Building bridges, shaping globalisation An even closer relationship Taking a stand for open trade Working together to shape globalisation Strengthening our ties with Asia The EU-Singapore

More information

The Natural Capital Declaration and Roadmap

The Natural Capital Declaration and Roadmap The Natural Capital Declaration and Roadmap Financial sector leadership on natural capital Liesel van Ast, NCD Programme Manager Landscape Natural Capital Initiatives Initiative Focus Banking Investment

More information

Creating Green Bond Markets Insights, Innovations,

Creating Green Bond Markets Insights, Innovations, Sustainable Banking Network (SBN) Creating Green Bond Markets Insights, Innovations, and Tools from Emerging Markets October 2018 Executive Summary Sustainable Banking Network Executive Summary The emergence

More information

Designing public sector interventions to mobilize climate compatible investment UNFCCC Regional Workshop Mexico

Designing public sector interventions to mobilize climate compatible investment UNFCCC Regional Workshop Mexico Designing public sector interventions to mobilize climate compatible investment UNFCCC Regional Workshop Mexico Shelagh Whitley Research Fellow 11 December 2013 ODI research on climate finance Private

More information

CLIMATE-FRIENDLY ECONOMY: REDUCING EMISSIONS AND LIMITING CLIMATE CHANGE

CLIMATE-FRIENDLY ECONOMY: REDUCING EMISSIONS AND LIMITING CLIMATE CHANGE CLIMATE-FRIENDLY ECONOMY: REDUCING EMISSIONS AND LIMITING CLIMATE CHANGE The International Climate Initiative (IKI) of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU)

More information

CORPORATE GOVERNANCE SERVICE

CORPORATE GOVERNANCE SERVICE CORPORATE GOVERNANCE SERVICE Toward Sustainability & medium & medium,, (Published in Nov, 2013) The best ESG rating, proxy advisory and research institution in Asia Toward Sustainability Vision Contents

More information

Sustainability Disclosure in ASEAN The ASEAN Extractive Sector BUSINESS SOLUTIONS FOR GLOBAL CHALLENGES

Sustainability Disclosure in ASEAN The ASEAN Extractive Sector BUSINESS SOLUTIONS FOR GLOBAL CHALLENGES Sustainability Disclosure in ASEAN The ASEAN Extractive Sector About this report Global Reporting Initiative (GRI) This report was commissioned by GRI as part of its wider global engagement with the extractives

More information

Unlocking private finance for sustainability - a shared responsibility. Yuki Yasui, Deputy Head UNEP FI 5 June 2014, Paris

Unlocking private finance for sustainability - a shared responsibility. Yuki Yasui, Deputy Head UNEP FI 5 June 2014, Paris Unlocking private finance for sustainability - a shared responsibility Yuki Yasui, Deputy Head UNEP FI 5 June 2014, Paris Achieving the green economy - how is the finance sector unique? A world defined

More information

Vietnam: Economic Context

Vietnam: Economic Context Vietnam: Economic Context Parliamentary Network Visit to Vietnam March 5 8, 218 Hanoi, Vietnam Jonathan Dunn IMF Resident Representative International Monetary Fund Outline 2 IMF activities Economic achievements

More information

Sustainability in Asia?

Sustainability in Asia? Association for Sustainable & Responsible Investment In Asia Sustainable Finance in Asia: Challenges and Opportunities Tessa Tennant, Executive Chair 22 nd November 2004, Sao Paulo Sustainability in Asia?

More information

regulation approach incentive approach

regulation approach incentive approach Mr. Takashi Hongo is a Senior Fellow at Mitsui Global Strategic Studies Institute(MGSSI). Before joining MGSSI, he served for Japan Bank for International cooperation (JBIC). He led the drafting the Environment

More information

Green Finance for Green Growth

Green Finance for Green Growth 2010/FMM/006 Agenda Item: Plenary 2 Green Finance for Green Growth Purpose: Information Submitted by: Korea 17 th Finance Ministers Meeting Kyoto, Japan 5-6 November 2010 EXECUTIVE SUMMARY Required Action/Decision

More information

AAU sales and Green Investment Schemes: Towards implementation in Ukraine

AAU sales and Green Investment Schemes: Towards implementation in Ukraine AAU sales and Green Investment Schemes: Towards implementation in Ukraine Grzegorz Peszko Senior Environmental Economist, Europe and Central Asia 24 April, Kyiv Overview 1. Strategic allocation and management

More information

ADB s Capacity Support on Tax for Asia- Pacific Countries

ADB s Capacity Support on Tax for Asia- Pacific Countries ADB s Capacity Support on Tax for Asia- Pacific Countries Presentation by: Yuji MIYAKI Public Management Specialist (Taxation) David TANSEY International Tax Policy & Admin Specialist (Consultant) Asian

More information

Private Climate Finance Support - Effectiveness

Private Climate Finance Support - Effectiveness Private Climate Finance Support - Effectiveness Presentation to the CCXG Working Group OECD Shelagh Whitley Research Fellow 26 September 2012 Funding will come from a wide variety of sources, public and

More information

CONVERTING INDCS INTO INVESTMENT STRATEGIES

CONVERTING INDCS INTO INVESTMENT STRATEGIES CONVERTING INDCS INTO INVESTMENT STRATEGIES Laurence Blandford, Director of International Policy Analysis March 29, 2016 Global Methane Forum Washington, DC Dialogue. Insight. Solutions. ABOUT CCAP Since

More information

ETS International Cooperation and MRV

ETS International Cooperation and MRV ETS International Cooperation and MRV Marco LOPRIENO European Commission DG EU ETS Compliance Conference Brussels 6 November 2014 Agenda International Carbon Market EU Cooperation Approach Multilateral

More information

COP24: New Research Reveals the Banks and Investors Financing the Expansion of the Global Coal Plant Fleet

COP24: New Research Reveals the Banks and Investors Financing the Expansion of the Global Coal Plant Fleet COP24: New Research Reveals the Banks and Investors Financing the Expansion of the Global Coal Plant Fleet Japanese banks top lenders, Chinese banks top underwriters US companies biggest institutional

More information

Detailed Recommendations 10: Develop Environmental Cost Analysis

Detailed Recommendations 10: Develop Environmental Cost Analysis Detailed Recommendations 10: Develop Environmental Cost Analysis 10 This is a background paper to the report: Establishing China s Green Financial System published by the Research Bureau of the People

More information

SINDICATUM RENEWABLE ENERGY COMPANY GREEN BOND

SINDICATUM RENEWABLE ENERGY COMPANY GREEN BOND SINDICATUM RENEWABLE ENERGY COMPANY GREEN BOND SECOND OPINION BY SUSTAINALYTICS November 13, 2017 www.sustainalytics.com Ankita Shukla (Toronto) Senior Advisor, Advisory Services ankita.shukla@sustainalytics.com

More information

DEVELOPING GREEN FINANCE IN KOREA

DEVELOPING GREEN FINANCE IN KOREA DEVELOPING GREEN FINANCE IN KOREA 2009. 6. 3 Korea Capital Market Institute Senior Research Fellow Hee Jin Noh hjnoh@kcmi.re.kr Overview Green Finance: Concept and Need Global Trends in Green Finance Current

More information

Statement on Climate Change

Statement on Climate Change Statement on Climate Change BMO Financial Group (BMO) considers climate change one of the defining issues of our generation. Everyone, including BMO, bears responsibility for the effectiveness of the response.

More information

Indonesia rising: 2012 and beyond Indonesia s potential and the challenges to realizing it

Indonesia rising: 2012 and beyond Indonesia s potential and the challenges to realizing it Indonesia rising: 2012 and beyond Indonesia s potential and the challenges to realizing it Shubham Chaudhuri Indonesia Lead Economist World Bank April 16, 2012 Jakarta, Indonesia www.worldbank.org/id www.worldbank.org/indonesia

More information

Summary of the Co-Chairs Strategic Climate Fund Trust Fund Committee Meeting January 27, 2009

Summary of the Co-Chairs Strategic Climate Fund Trust Fund Committee Meeting January 27, 2009 February 10, 2009 Summary of the Co-Chairs Strategic Climate Fund Trust Fund Committee Meeting January 27, 2009 Co-Chairs Sami Sofan, Yemen Katherine Sierra, World Bank Opening of Meeting 1. The meeting

More information

Climate Financing by Luxembourg 1

Climate Financing by Luxembourg 1 Resource Mobilization Information Digest N o 417 July 2013 Climate Financing by Luxembourg 1 Contents 1. Luxembourg s Development Cooperation... 2 2. Provision of New And Additional Resources... 3 3. Assistance

More information

NATIONAL CLIMATE FINANCE INSTITUTIONS. Their challenges and how the Fit for the Funds Programme can respond to them

NATIONAL CLIMATE FINANCE INSTITUTIONS. Their challenges and how the Fit for the Funds Programme can respond to them NATIONAL CLIMATE FINANCE INSTITUTIONS Their challenges and how the Fit for the Funds Programme can respond to them 1 Introduction The International Energy Agency (IEA) estimates that in order to avoid

More information

Investor Presentation Green Bond

Investor Presentation Green Bond Investor Presentation Green Bond SEK s mission and vision SEK s mission is to ensure access to sustainable financial solutions for the Swedish export industry on commercial terms. SEK s vision is to strengthen

More information

Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group MUFG Fact Book Interim Fiscal 2007 Mitsubishi UFJ Financial Group Contents MUFG Group 2 MUFG Network 3 Snap Shot 4 MUFG Performance 5 Market Capitalization Ranking among Global Financial Institutions 5

More information

Solar Gr G e r en n Bond n s s Webinar July 2016

Solar Gr G e r en n Bond n s s Webinar July 2016 Solar Green Bonds Solar Green Bonds Webinar July 2016 Topics covered in this webinar 1. CBI & the green bond market 2. Green bond labelling & the role of standards 3. Climate Bonds Standard & Certification

More information

Austrian Climate Change Workshop Summary Report The Way forward on Climate and Sustainable Finance

Austrian Climate Change Workshop Summary Report The Way forward on Climate and Sustainable Finance Austrian Climate Change Workshop 2018 - Summary Report The Way forward on Climate and Sustainable Finance In close cooperation with the Austrian Federal Ministry of Sustainability and Tourism, Kommunalkredit

More information

Initial Modalities for the Operation of the Fund s Mitigation and Adaptation Windows and its Private Sector Facility

Initial Modalities for the Operation of the Fund s Mitigation and Adaptation Windows and its Private Sector Facility Initial Modalities for the Operation of the Fund s Mitigation and Adaptation Windows and its Private Sector Facility GCF/B.07/08 12 May 2014 Meeting of the Board 18-21 May 2014 Songdo, Republic of Korea

More information

The Sustainable Stock Exchanges Initiative An Overview for Issuers and Investors ADVANCED SUPPLY CHAIN COMPLIANCE SERIES

The Sustainable Stock Exchanges Initiative An Overview for Issuers and Investors ADVANCED SUPPLY CHAIN COMPLIANCE SERIES The Sustainable Stock Exchanges Initiative An Overview for Issuers and Investors ADVANCED SUPPLY CHAIN COMPLIANCE SERIES March 14, 2017 Michael Littenberg Michael Littenberg is a partner in the securities

More information

QUESTIONNAIRE FOR EU-PCD REPORT 2015: CONTRIBUTIONS FROM MEMBER STATES

QUESTIONNAIRE FOR EU-PCD REPORT 2015: CONTRIBUTIONS FROM MEMBER STATES QUESTIONNAIRE FOR EU-PCD REPORT 2015: Brief Introduction CONTRIBUTIONS FROM MEMBER STATES The European Union is a major global actor and its non-developmental policies have the potential for substantial

More information

Establishment of a Self- Sustaining Environmental Investment Service in the East Asian Seas Region

Establishment of a Self- Sustaining Environmental Investment Service in the East Asian Seas Region Project Proposal: Establishment of a Self- Sustaining Environmental Investment Service in the East Asian Seas Region by the GEF/UNDP/IMO Regional Programme on Partnerships in Environmental management for

More information

Leveraging ODA resources and concessional loans for infrastructure development in South-East Asia. Shuvojit Banerjee UNESCAP

Leveraging ODA resources and concessional loans for infrastructure development in South-East Asia. Shuvojit Banerjee UNESCAP Leveraging ODA resources and concessional loans for infrastructure development in South-East Asia Shuvojit Banerjee UNESCAP Introduction There are tremendous opportunities and potential for development

More information

Sustainable Banking Network (SBN) Briefing (April 2018)

Sustainable Banking Network (SBN) Briefing (April 2018) Sustainable Banking Network (SBN) Briefing (April 2018) 1. What is the Sustainable Banking Network? The Sustainable Banking Network (SBN) (www.ifc.org/sbn) is a voluntary community of financial regulators,

More information

India ASEAN Cooperation

India ASEAN Cooperation Moving Forward with ASEAN-INDIA Connectivity it Financing and Supporting Mechanism: Views from Exim Bank November 27, 2013 Bangkok India ASEAN Cooperation ASEAN is the second-largest trade partner of India

More information

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development. Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. 76 IFC ANNUAL REPORT 2016 Where We Work As the largest global development institution

More information

Sustainable Banking Network (SBN) Briefing (February, 2017)

Sustainable Banking Network (SBN) Briefing (February, 2017) Sustainable Banking Network (SBN) Briefing (February, 2017) 1. What is the Sustainable Banking Network? The Sustainable Banking Network (SBN) (www.ifc.org/sbn) is a unique, voluntary community of financial

More information

Detailed Recommendations 11: Create Green Investor Networks

Detailed Recommendations 11: Create Green Investor Networks Detailed Recommendations 11: Create Green Investor Networks 11 This is a background paper to the report: Establishing China s Green Financial System published by the Research Bureau of the People s Bank

More information

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development. Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. Where We Work As the largest global development institution focused on the private

More information

GOVERNANCE FRAMEWORK FOR

GOVERNANCE FRAMEWORK FOR December, 2011 GOVERNANCE FRAMEWORK FOR THE STRATEGIC CLIMATE FUND Adopted November 2008 and amended December 2011 Table of Contents A. Introduction B. Purpose and Objectives C. SCF Programs D. Governance

More information

Trends and Institutional Frameworks for Green Investments in Indonesia

Trends and Institutional Frameworks for Green Investments in Indonesia Innovative Climate Finance Mechanisms for Financial Institutions in the Asia-Pacific Region Introduction CASE STUDY The Republic of Indonesia Trends and Institutional Frameworks for Green Investments in

More information

Yen and Yuan. The Impact of Exchange Rate Fluctuations on the Asian Economies. C. H. Kwan RIETI

Yen and Yuan. The Impact of Exchange Rate Fluctuations on the Asian Economies. C. H. Kwan RIETI Yen and Yuan The Impact of Exchange Rate Fluctuations on the Asian Economies C. H. Kwan RIETI November 21 The Yen-dollar Rate as the Major Determinant of Asian Economic Growth -4-3 -2 Stronger Yen Yen

More information

COMMISSION OF THE EUROPEAN COMMUNITIES

COMMISSION OF THE EUROPEAN COMMUNITIES EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, COM(2008) 400/2 COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE

More information

Can Hong Kong Become Asia s Green Finance Hub?

Can Hong Kong Become Asia s Green Finance Hub? Can Hong Kong Become Asia s Green Finance Hub? International Climate Change Conference 2017 Pat Nie Woo Partner 21 April 2017 Green Bonds and Green Finance 2 What is a Green Bond? Investors are creditors

More information

MAINSTREAMING CLIMATE CHANGE INTO PLANNING AND BUDGETING: ENTRY POINTS IN THE BUDGET CYCLE

MAINSTREAMING CLIMATE CHANGE INTO PLANNING AND BUDGETING: ENTRY POINTS IN THE BUDGET CYCLE CLIMATE CHANGE PUBLIC EXPENDITURE AND INSTITUTIONAL REVIEW (CCPER) SOURCEBOOK MAINSTREAMING CLIMATE CHANGE INTO PLANNING AND BUDGETING: ENTRY POINTS IN THE BUDGET CYCLE Shabih Ali Mohib, Program Leader

More information

Economic Development. Business Plan to restated. Accountability Statement

Economic Development. Business Plan to restated. Accountability Statement Economic Development Business Plan 1999-2000 to 2001-02 - restated Accountability Statement As a result of government re-organization announced on May 25, 1999, the Ministry Business Plans included in

More information

UNCTAD World Investment Forum, Ministerial Round Table, 16/10/2014, 3 to 6 pm, Room XX, Palais des Nations

UNCTAD World Investment Forum, Ministerial Round Table, 16/10/2014, 3 to 6 pm, Room XX, Palais des Nations How can policies be deployed to engage private sector funding for the SDGs? With a view to maximizing the objectives of sustainable development by the private sector we may point out the following policies

More information

Framework Overview and Second-Party Opinion Japan Excellent, Inc. Green Bond

Framework Overview and Second-Party Opinion Japan Excellent, Inc. Green Bond Evaluation Summary Sustainalytics is of the opinion that the Japan Excellent, Inc. (JEI) Green Bond Framework is credible and impactful, and aligns with the four core components of the Green Bond Principles

More information

+ 50% by In the short term: 50% increase in low carbon investments. + investment

+ 50% by In the short term: 50% increase in low carbon investments. + investment Responsible investment Our investment strategy to address climate change Table of contents Investing in light of a changing climate Summary Four principles A rigorous process A risk and opportunity analysis

More information

Technical Workshop Corporate Climate Change Reporting: Towards consistent and targeted schemes OECD (Paris) 15th February 2012

Technical Workshop Corporate Climate Change Reporting: Towards consistent and targeted schemes OECD (Paris) 15th February 2012 Technical Workshop Corporate Climate Change Reporting: Towards consistent and targeted schemes OECD (Paris) 15th February 2012 Lois Guthrie, Executive Director, The Climate Disclosure Standards Board Climate

More information

Asian Bond Market Initiative to support Infrastructure Development in the Region

Asian Bond Market Initiative to support Infrastructure Development in the Region Asian Bond Market Initiative to support Infrastructure Development in the Region Irfa Ampri Vice Chairman Fiscal Policy Agency for Climate Change Finance and Multilateral Policy Indonesia s Minister of

More information

Measuring, Disclosing and Managing Financed Emissions

Measuring, Disclosing and Managing Financed Emissions Measuring, Disclosing and Managing Financed Emissions Yuki YASUI, Acting Head, UNEP Finance Initiative November 2013 Click 3 Scopes of Corporate GHG Emissions of Corporate GHG Emissions 2 Carbon Risk -

More information

Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance

Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance 29 November 2018 1. Introduction Decision 3. CP/19 requested developed country Parties to update their strategies and approaches

More information

GLOBAL PROGRESS REPORT

GLOBAL PROGRESS REPORT SUSTAINABLE BANKING NETWORK (SBN) GLOBAL PROGRESS REPORT FEBRUARY 2018 EXECUTIVE SUMMARY International Finance Corporation [2018], as the Secretariat of the Sustainable Banking Network (SBN). All rights

More information

COUNTRIES OF WORK EXPERIENCE:

COUNTRIES OF WORK EXPERIENCE: Scanteam Offices: Tollbugata 32, 8 th floor, Oslo Centre Mail address: P.O. Box 593 Sentrum, NO-0106 Oslo, Norway Telephone: +47 23 35 70 30 - Mobile: +47 926 24 820 E-mail: erlend@scanteam.no - Web: www.scanteam.no

More information

ASEAN-Korea Economic Relationship:

ASEAN-Korea Economic Relationship: ASEAN-Korea Economic Relationship: A Road to More Active Future Cooperation. Choong Lyol Lee, Professor Department of Economics and Statistics Korea University at Sejong ASEAN-Korea Economic Relationship:

More information

PERSPECTIVES SERIES GREENING THE FINANCIAL SYSTEM: GREEN BONDS ANGELA CHAN AND MARK CHAN 15 MARCH 2018

PERSPECTIVES SERIES GREENING THE FINANCIAL SYSTEM: GREEN BONDS ANGELA CHAN AND MARK CHAN 15 MARCH 2018 PERSPECTIVES SERIES GREENING THE FINANCIAL SYSTEM: GREEN BONDS ANGELA CHAN AND MARK CHAN 15 MARCH 2018 1 OVERVIEW Background to green finance and Green Bonds The Green Bond Principles (2017) Climate Bond

More information

Ex-Ante Evaluation (for Japanese ODA Loan)

Ex-Ante Evaluation (for Japanese ODA Loan) Japanese ODA Loan Ex-Ante Evaluation (for Japanese ODA Loan) 1. Name of the Program Country: Socialist Republic of Viet Nam Program: Support Program to Respond to Climate Change (VI) Loan Agreement: March

More information

International Policies and Cooperation to Advance an Inclusive Green Economy

International Policies and Cooperation to Advance an Inclusive Green Economy Section 4 International Policies and Cooperation to Advance an Inclusive Green Economy 6 Learning Unit International Funding Sources for Green Economy The Green Economy transition requires the mobilizations

More information

Overview of Financial Intermediary Funds

Overview of Financial Intermediary Funds CHAPTER 4 Overview of Financial Intermediary Funds 4.1 Introduction 157 4.2 Examples of Financial Intermediary Funds 157 4.3 The World Bank s Role in Financial Intermediary Funds 160 4.4 Characteristics

More information

ADB and Regional Infrastructure Development. ADB Transport Forum SPS 7: Regional Cooperation and Integration

ADB and Regional Infrastructure Development. ADB Transport Forum SPS 7: Regional Cooperation and Integration ADB and Regional Infrastructure Development ADB Transport Forum SPS 7: Regional Cooperation and Integration Jin W. Cyhn Office of Regional Economic Integration Asian Development Bank May 2010 Structure

More information

Transitions to Sustainable Investment. Dr Robert Howell December 2010

Transitions to Sustainable Investment. Dr Robert Howell December 2010 1 Transitions to Sustainable Investment Dr Robert Howell December 2010 2 Introduction Investors seek financial system that adequately identifies risk and gives fair protection and return. During last few

More information

SUSTAINABLE FINANCE ROADMAPS

SUSTAINABLE FINANCE ROADMAPS SUSTAINABLE FINANCE ROADMAPS ALIGNING FINANCE WITH A RESILIENT AND SUSTAINABLE ECONOMY A briefing paper for the 2018 United Nations Environment Programme Finance Initiative (UNEP FI) Conference in Sydney

More information

Framework Overview and Second-Party Opinion Mitsubishi Estate Green Bond

Framework Overview and Second-Party Opinion Mitsubishi Estate Green Bond Evaluation Summary Sustainalytics is of the opinion that the Framework is robust, transparent and credible and well aligned with the four core components of the Green Bond Principles 2017. This assessment

More information

Module 7 Mainstreaming climate change in the budgetary process

Module 7 Mainstreaming climate change in the budgetary process Global Climate Change Alliance Support Facility Module 7 Mainstreaming climate change in the budgetary process Training workshops on mainstreaming climate change Key topics covered by this module Introduction:

More information

Levelizing Expectations

Levelizing Expectations Levelizing Expectations Sungwoo Kim Regional Head of Climate Change & Sustainability in Asia Pacific, KPMG Table of Contents Global shift of investors [ 03 ] Major risks concerned [ 11 ] How to meet investors

More information

(JRF Green Bond) Japan Retail Fund Investment Corp. ISSUE AMOUNT (mn) JPY 8,000 R&I GREEN BOND. Mitsubishi Corp.-UBS Realty Inc.

(JRF Green Bond) Japan Retail Fund Investment Corp. ISSUE AMOUNT (mn) JPY 8,000 R&I GREEN BOND. Mitsubishi Corp.-UBS Realty Inc. R&I Green Bond Assessment May 11, 2018 Japan Retail Fund Investment Corp. JRF Green Bond:GA1 (Formal) Rating and Investment Information, Inc. (R&I) has announced the following R&I Green Bond Assessment.

More information

Plenary 4. Capital Markets and Economic Development - New Avenues for the Financing of Small and Medium Enterprises (SMEs)

Plenary 4. Capital Markets and Economic Development - New Avenues for the Financing of Small and Medium Enterprises (SMEs) Plenary 4 Capital Markets and Economic Development - New Avenues for the Financing of Small and Medium Enterprises (SMEs) Mr. Andrew Sheng Chief Adviser, China Banking Regulatory Commission 12 April 2007

More information

Global Aging and Retirement Security in Emerging Markets:

Global Aging and Retirement Security in Emerging Markets: Global Aging and Retirement Security in Emerging Markets: Reassessing the Role of Funded Pensions Richard Jackson President Global Aging Institute August 12, 2015 AMCHAM Chile Santiago, Chile The world

More information

RCI as Driver of Inclusive Growth

RCI as Driver of Inclusive Growth RCI as Driver of Inclusive Growth 19 July 2013 Alfredo Perdiguero Principal Economist Thailand Resident Mission Southeast Asia Department Asian Development Bank Disclaimer: In preparing any country program

More information

XACBANK: Climate Financing and Mongolia s Sustainable Finance Environment. June, 2017 Ulaanbaatar, Mongolia

XACBANK: Climate Financing and Mongolia s Sustainable Finance Environment. June, 2017 Ulaanbaatar, Mongolia XACBANK: Climate Financing and Mongolia s Sustainable Finance Environment June, 2017 Ulaanbaatar, Mongolia XacBank: Introduction AGENDA XacBank: Governance, Transparency, and CSR Eco Banking Department:

More information

Catalyzing Private Sector Finance for Climate Change Mitigation Projects in East Asia and Pacific

Catalyzing Private Sector Finance for Climate Change Mitigation Projects in East Asia and Pacific Catalyzing Private Sector Finance for Climate Change Mitigation Projects in East Asia and Pacific Romel M. Carlos, PhD Clean Energy and Sustainable Energy Finance Workshop on Accessing Finance for Green

More information

WORLD INVESTMENT M REPORT

WORLD INVESTMENT M REPORT UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT WORLD INVESTMENT M REPORT IN A LOW-CARBON ECONOMY New York and Geneva, 2010 TABLE OF CONTENTS PREFACE ACKNOWLEDGEMENTS ABBREVIATIONS KEY MESSAGES OVERVIEW

More information

ENVIRONMENTAL AND SOCIAL RISK From awareness to action

ENVIRONMENTAL AND SOCIAL RISK From awareness to action ENVIRONMENTAL AND SOCIAL RISK From awareness to action Accra, 22 April 2013 www.unepfi.org Content Introduction Business, Society & the Environment Drivers for Environmental and Social Risk Management

More information

Environmental Fiscal Reform A Practice-Orientated Training for Policy Makers, Administration Officials, Consultants and NGO Representatives

Environmental Fiscal Reform A Practice-Orientated Training for Policy Makers, Administration Officials, Consultants and NGO Representatives Environmental Fiscal Reform A Practice-Orientated Training for Policy Makers, Administration Officials, Consultants and NGO Representatives Page 1 GCF accreditation, Green Funds and EFR in Africa Case

More information

JBIC Financial Facilities for Coal Fired Power Plant Project

JBIC Financial Facilities for Coal Fired Power Plant Project JBIC Financial Facilities for Coal Fired Power Plant Project 12 March 2012, Belgrade Japan Bank for International Cooperation(JBIC) JBIC is the international wing of Japan Finance Corporation (JFC) Overview

More information

"Regional Environmental Cooperation in ASEAN: Present and Future Prospects"

Regional Environmental Cooperation in ASEAN: Present and Future Prospects "Regional Environmental Cooperation in ASEAN: Present and Future Prospects" Atsushi Ohno (COE Researcher, IDEC, Hiroshima University) 1 Motivation of Research What kind of relationship between regional

More information

China s National ETS. LIU Wenbo, SU Chang CHINA Kyiv, Ukraine

China s National ETS. LIU Wenbo, SU Chang CHINA Kyiv, Ukraine China s National ETS LIU Wenbo, SU Chang CHINA 2018.4.24 Kyiv, Ukraine ontents I. Background II. China's National ETS III.Next Step Part I Background Background Joint climate change statement between China

More information

Decision 3/CP.17. Launching the Green Climate Fund

Decision 3/CP.17. Launching the Green Climate Fund Decision 3/CP.17 Launching the Green Climate Fund The Conference of the Parties, Recalling decision 1/CP.16, 1. Welcomes the report of the Transitional Committee (FCCC/CP/2011/6 and Add.1), taking note

More information

Dr. Muhammad Saleem, State Bank of Pakistan

Dr. Muhammad Saleem, State Bank of Pakistan Dr. Muhammad Saleem, State Bank of Pakistan Conventional Role of Central Banks Regulation of Liquidity Ensuring the Soundness of Financial System Exchange Rate Management And Balance of Payments Managing

More information

Corporate Governance Department World Bank Group

Corporate Governance Department World Bank Group Corporate Governance Department World Bank Group Global Good Practices in Corporate Governance Alex Berg Corporate Governance Department The World Bank December 19, 2006 Outline Presentation Outline What

More information

CC is a development issue - not just an environmental concern CC impacts on human development, economic growth, poverty alleviation and the

CC is a development issue - not just an environmental concern CC impacts on human development, economic growth, poverty alleviation and the CC is a development issue - not just an environmental concern CC impacts on human development, economic growth, poverty alleviation and the achievement of MDGs Long term: human lives and livelihoods are

More information

World Economic Trend, Autumn 2004, No. 6

World Economic Trend, Autumn 2004, No. 6 World Economic Trend, Autumn 24, No. 6 Published on November 5 by the Cabinet Office (summary) The autumn report focuses on three topics: an analysis of Cluster ; long range prospects for the world economy;

More information

EU Funding opportunities for CSOs

EU Funding opportunities for CSOs EU Funding opportunities for CSOs Funding for Development and Relief (FDR) working group Croatian Study Visit Lonne Poissonnier, CONCORD 23 September 2013 1 CONCORD s work on EU funding for CSOs Objectives:

More information

DNB Boligkreditt. May 2018

DNB Boligkreditt. May 2018 DNB Boligkreditt May 2018 1 The DNB Group DNB ASA DNB Bank ASA Aa2 / A+ DNB Life and Asset Management (Senior/ short term issuance) DNB Boligkreditt AS (Green) Covered Bonds: AAA / Aaa 100% owned by DNB

More information

Firstly, how has Malaysia s openness to international trade and investment benefited its economy?

Firstly, how has Malaysia s openness to international trade and investment benefited its economy? Has openness to international trade and investment benefited or harmed the Malaysian economy? How can Malaysia ensure that it reaps more benefits than harms from international trade and investment in the

More information

Green Bond Principles, 2014 Voluntary Process Guidelines for Issuing Green Bonds

Green Bond Principles, 2014 Voluntary Process Guidelines for Issuing Green Bonds Green Bond Principles, 2014 Voluntary Process Guidelines for Issuing Green Bonds January 13, 2014 I. EXECUTIVE SUMMARY Green Bonds enable capital-raising and investment for new and existing projects with

More information

AXA and the Principles for Sustainable Insurance Overview

AXA and the Principles for Sustainable Insurance Overview AXA and the Principles for Sustainable Insurance Overview Isabella Falautano, Responsabile Relazione Esterne e Istituzionali, Chief Corporate Responsibility Officer, Gruppo AXA in Italia Seminario FeBAF,

More information

Sustainable Banking Network (SBN) Briefing (June 2018)

Sustainable Banking Network (SBN) Briefing (June 2018) Sustainable Banking Network (SBN) Briefing (June 2018) 1. What is the Sustainable Banking Network? The Sustainable Banking Network (SBN) (www.ifc.org/sbn) is a voluntary community of financial regulators

More information

SME Financing in Japan. January 18, Osamu Tsukahara Senior Executive Director.

SME Financing in Japan. January 18, Osamu Tsukahara Senior Executive Director. REFERENCE 4 th International Conference Regional Finance in Recent Period and the Way Forward SME Financing in Japan January 18, 2008 Osamu Tsukahara Senior Executive Director E-mail : tsukahara.o@jasme.go.jp

More information

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Malaysia s findings.

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Malaysia s findings. A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey Malaysia s findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a fluid

More information

Assess record for 'Disclosure of Non-Financial Information by Companies'

Assess record for 'Disclosure of Non-Financial Information by Companies' Page 1 of 5 Assess record for 'Disclosure of Non-Financial Information by Companies' Meta Informations Creation date 20-01-2011 Last update date User name null Case Number 316949253331602011 Invitation

More information

Comment on Masaki Kuwahara A Search for Potential Female Labor Forces in Japan s Aging Society Challenges for Prime Minister Yukio Hatoyama

Comment on Masaki Kuwahara A Search for Potential Female Labor Forces in Japan s Aging Society Challenges for Prime Minister Yukio Hatoyama Comment on Masaki Kuwahara A Search for Potential Female Labor Forces in Japan s Aging Society Challenges for Prime Minister Yukio Hatoyama Masahiro Kawai, ADBI Macroeconomy Research Conference Beyond

More information

Table of Contents. BioCF ISFL 2015 Annual Report

Table of Contents. BioCF ISFL 2015 Annual Report 2015 Annual Report Table of Contents Acronyms... 3 Introduction to the Report... 4 Initiative Objectives... 4 Annual Progress Report and the Year Ahead... 6 Initiative-level... 6 ISFL Notes and Approaches...

More information

8/8/2012. Workshop Sharing on Transparency Yangon, July FABBY TUMIWA INSTITUTE FOR ESSENTIAL SERVICES REFORM

8/8/2012. Workshop Sharing on Transparency Yangon, July FABBY TUMIWA INSTITUTE FOR ESSENTIAL SERVICES REFORM Workshop Sharing on Transparency Yangon, 28-30 July 2012 FABBY TUMIWA INSTITUTE FOR ESSENTIAL SERVICES REFORM www.iesr.or.id 1 Oil & Gas Legal Arrangements Concessionary Contractual Production Sharing

More information

Fueling Growth and Financing Risk: Benefits and Risks of Chinese Development Finance in the Energy Sector

Fueling Growth and Financing Risk: Benefits and Risks of Chinese Development Finance in the Energy Sector Fueling Growth and Financing Risk: Benefits and Risks of Chinese Development Finance in the Energy Sector Kevin P. Gallagher, Rohini Kamal, Yongzhong Wang, Yanning Chen Global Economic Governance Initiative,

More information