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WWF guide for banks provides plan for sustainable finance

News from WWF - 27. August 2014 - 2:00
Singapore – A new guide released today by WWF explains how banks can go beyond reputation and risk management to embrace transformative change. Environmental, Social and Governance (ESG) Integration for Banks: A Guide to Starting Implementation shows how financial institutions acting as lenders, financial advisors and capital raising agents can adopt sustainable practices.

"This is the first guide that maps out 'how to' steps for financial institutions in the earlier stages of their ESG journey. It shows them how to manage their risk exposure to unsustainable business practices and lead the trend toward green business," said Jeanne Stampe, WWF Asia Finance and Commodities Specialist.

Banks can no longer ignore credit risks brought on by severe weather patterns impacting infrastructure or agricultural production, water stress affecting production across sectors, or regulations that affect the value of carbon assets or carbon-related infrastructure. Banks increasingly need to adapt to these emerging challenges through sustainable solutions.

The guide provides banks with a toolkit to develop an ESG strategy and an operational framework to integrate ESG issues into their practices. This is an expertise that financial institutions across Asia are seeking with urgency.

Ben Ridley, Asia Pacific Head of Sustainability Affairs at Credit Suisse commented: "Credit Suisse is proud to sponsor this guide. It provides Asian banks with the background, knowledge and tools to develop a strategy and action plan to embed consideration of key ESG issues into their core business."

"The call to address environmental concerns has grown increasingly louder over time. Businesses, whether upstream or downstream, need to work together to do what is right and banks can play a significant role in promoting sustainability. While change will not happen overnight, the WWF guide can serve as a roadmap to provide insights on how ESG issues can be integrated into business processes to achieve this purpose," said Samuel Tsien, Chairman of The Association of Banks in Singapore.

Singapore Exchange (SGX) will be hosting the first in a series of WWF-organized workshops to discuss the key ESG issues facing the banking sector. The workshop will also demonstrate how ESG risk management can be integrated into their own institutions using WWF's guide as a roadmap. The workshop will be run in partnership with The Association of Banks in Singapore and Singapore Business Federation on 9 September 2014.

Magnus Böcker, CEO of SGX and Chairperson of the company's Sustainability Committee, said: "SGX is delighted to support WWF in its efforts to raise awareness on Environmental, Social, and Governance issues. This guidebook parallels efforts SGX has made with its own Sustainability Reporting Guide for listed companies. Together with like-minded parties including WWF, SGX hopes more corporate leaders will embrace sustainability including diversity and governance.""SBF is delighted to support WWF's Environmental, Social, and Governance Integration Guide. The knowledge and expertise provided will have significant influence on the wider business community," said Ho Meng Kit of the Singapore Business Federation.

"SBF actively promotes the sustainability agenda through many programmes - such as its flagship Singapore Sustainability Awards - and welcomes WWF's initiative to promote ESG in the financial sector."

Digital deliverance

News from India - 26. August 2014 - 21:08
Indians are getting increasingly comfortable with the online world, even though activity is still small compared with the size of the $2 trillion economy

Know yourself and your enemy

News from India - 26. August 2014 - 16:25
Over history, there have been several instances when an unconventional threat emerged and engulfed vastly superior conventional forces

UNDP-UNEP Poverty-Environment Initiative Leads the Way Towards an Inclusive Green Economy

News from UNEP - 26. August 2014 - 16:00
African economies and rural livelihoods remain heavily dependent on natural resources, particularly renewable resources such as soil and water, and on the associated productive sectors such as agriculture and forestry.

Guidelines out for emission tradings with free pricing in China

New from UNFCCC - 26. August 2014 - 15:59
Source: CCTV - China’s State Council published on Monday a guideline to promote emissions trading. The pilot regions must set up rules for the purchase and trading of emissions rights by 2017 to roll out the scheme nationwide. The pilot began in 2007 in 11 regions from northeast coast to northeast inland and North China.

U.N. Conference Set to Bypass Climate Change Refugees

New from UNFCCC - 26. August 2014 - 15:59
Source: IPS - An international conference on small island developing states (SIDS), scheduled to take place in Samoa next week, will bypass a politically sensitive issue: a proposal to create a new category of “environmental refugees” fleeing tiny island nations threatened by rising seas.

EU carbon prices edge lower ahead of increased supply

New from UNFCCC - 26. August 2014 - 15:59
Source: Business Recorder - European carbon prices edged lower in thin trade on Monday ahead of an increase in supply from government sales of carbon allowances.

COP-20 enfrenta el reto de lograr un acuerdo climático

New from UNFCCC - 26. August 2014 - 15:59
Source: El Peruano - El ministro del Ambiente, Manuel Pulgar-Vidal, destacó que el reto de la 20ª Conferencia de las Partes de la Convención Marco de las Naciones Unidas sobre Cambio Climático (COP-20), que se celebrará en Lima, es generar un acuerdo climático que favorezca al mundo.

Cambio climático afecta a los niños del Caribe

New from UNFCCC - 26. August 2014 - 15:59
Source: El Peruano - Al diseñar las estrategias para lidiar con el cambio climático es común olvidarse de las niñas y los niños, a pesar de que tienen menos recursos para defenderse en situaciones problemáticas.

The Kardashians and climate change

New from UNFCCC - 26. August 2014 - 15:59
Source: Futures Magazine -

Heat wave offers glimpse into climate change

New from UNFCCC - 26. August 2014 - 15:59
Source: Phys.org - An unprecedented marine heat wave that swept the Southeast Indian Ocean in 2011 has given FIU scientists a glimpse into the future of climate change.

Cape Town Transport Goes Green

New from UNFCCC - 26. August 2014 - 15:59
Source: Bernama - The City of Cape Town has taken public transport to the next level with the launch of its first green transport facility.

Ross Garnaut: China to reach 'peak coal' for electricity by 2015

New from UNFCCC - 26. August 2014 - 15:59
Source: The Conversation - China’s use of coal for electricity could peak as early as next year, then decline until 2020 in a turnaround of “global importance”, according to economist Ross Garnaut in a lecture presented at the Melbourne Sustainable Society Institute, University of Melbourne.

India Plans To Add 10,000 MW Wind Energy Capacity Every Year

New from UNFCCC - 26. August 2014 - 15:59
Source: Cleantechnica - Indian wind turbine manufacturers and project developers have been advised by the government to make efforts to increase annual capacity addition to five times its current level, a leading Indian newspaper has reported.

India’s political judiciary

News from India - 26. August 2014 - 15:40
Can there be judicial remedies to political decay? The answer is an unequivocal no.

Harsh Mander | Consumed by collective apathy

News from India - 26. August 2014 - 15:40
Recurring accidents highlight social tolerance for a state where the homeless risk their lives to sleep a few hours

Tentative signs of an economic recovery

News from India - 26. August 2014 - 15:39
The tail risk of political instability has left the minds of investors

Is India heading towards more financial sector volatility?

News from India - 26. August 2014 - 13:25
Financial shocks, due to investor fears and sentiments or US monetary policy, could lead to volatility

The storied stew

News from India - 26. August 2014 - 10:41
When food walks out of favourite books, it satisfies more senses than one

Richard Attenborough, friend of India

News from India - 26. August 2014 - 10:28
One may have many quibbles about the film ‘Gandhi’, but none can deny the late director’s dedication

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