SBP launches ESRM manual in high level sustainable banking conference

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SBP

 

The State Bank of Pakistan organized a Sustainable Banking Conference, in collaboration with IFC, a member of the World Bank Group, today in a local hotel in Karachi.

The objective of the conference was to create critically needed awareness related to climate change and sustainability within the financial sector and launch the Environmental and Social Risk Management (ESRM) Implementation Manual. The inaugural session of the conference was chaired by Governor, SBP, Mr. Jameel Ahmad.

The conference was attended by high profile dignitaries including, Mr. Khawaja Aftab Ahmed (Regional Director, IFC), Mr. Zeeshan Ahmed Sheikh (Country Manager for Afghanistan and Pakistan, IFC), Mr. Toshio Odagiri (the Counsul General of Japan in Karachi), Dr. Shamshad Akhtar (Chairperson, PSX Board), Mr. Yaseen Anwar (Senior Policy Advisor, IFC), Ms. Sima Kamil (Deputy Governor, SBP), presidents/CEOs of banks/DFIs, senior officials from Pakistan Banks Association, Sindh Environmental Protection Agency and other relevant stakeholders.

During the conference, Governor, SBP, launched the ESRM Implementation Manual for banks and DFIs.

While delivering the keynote address, Governor, SBP remarked that this manual has been launched as part of SBP’s ongoing efforts to promote green banking in Pakistan.

The ESRM manual is a procedural guide for the banks/DFIs to establish their environmental & social risk management systems, as advised in SBP’s Green Banking Guidelines (GBGs).

 

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