In the framework of the UNEP FI Regional Roundtable for Latin America and the Caribbean an Introductory Environmental and Social Risk Analysis training workshop took place in Buenos Aires on September 7th. The workshop was organized by UNEP FI/Ecobanking in collaboration with the Banking Associations in Argentina (ABA-ADEBA-ABAPPRA) and CAF – Latin American Development Bank.
We convened this workshop with the aim of sensitizing bankers, risk & credit managers and other relevant parties across the financial sector, on the importance, effective techniques and consequential benefits of incorporating environmental and social considerations into their investment and risk management decision-making.
More than 60 people from banks in Argentina, Brazil, Colombia, Costa Rica, El Salvador, England, Mexico and Paraguay registered for the ESRA training workshop. The Ministry of Agroindustry of Argentina and WWF also participated.
In the training, the most urgent issues were identified in order to implement the concepts of ESRA, elaborating an action plan according to their own practices. It was also identified the importance of the need for regulation to generate clear signals to the financial sector to be able to carry out these processes in a more consolidated way. Participants considered that initiating the incorporation of ESRA into their institutions is important and to do so gradually in specific lines could even help prepare them to reach international financial agency standards. Finally, the importance of raising awareness of the Board of Directors was highlighted in order to incorporate good practices and permeate them throughout the institution.
The successful ESRA training workshop has been carried out by UNEP FI and Ecobanking / INCAE around the world, and one of the first ones that took place was in Buenos Aires in 2005.