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November 2008
Jerry Blenman Managing Director
Calidad Investment & Financial Services
Barbados Sustainable Finance Taskforce
The Management of Environmental Risk as a Sustainable Finance Practice within Barbadian Financial Institutions
Agenda
1. Survey Objectives1. Survey Objectives
2. Emerging Trends2. Emerging Trends
3. Conclusion & Next Steps3. Conclusion & Next Steps
Broad Objectives
Objective1
Objective2
Objective3
Objective 4
To formulate a national
definition of Sustainable
Finance within the Financial
Services Sector
To provide a national
framework for decision
making based on
principles of Sustainable
Finance
To promote principles
and encourage
the adoption of
Sustainable Finance by all persons
To sensitive and educate all
persons about key issues and
conflicts between
development, environment
and sustainable finance
Sectoral Groups
Develop. Banks
CommercialBanks Insurance
Companies
Finance Companies
Credit Unions
Integration of Environmental Risk
Underwriting
Integration of Environmental Risk
Underwriting
Harmonization
through agreed codes
Target Population
7 Finance
Companies
1 Development Bank
18Insurance
Companies
34 CreditUnions
6 Commercial
Banks
Target 15 Institutions
Progress Phases
�Phase 1�Phase 1 Phase 2Phase 2 Phase 3Phase 3
Encouraging the broadening of Institutional mandate through integration of Environmental Risk Analysis
Institutional Research & Analysis
Encouraging sustainable finance practice through offer of green products and services
Institutional Profile
6 Commercial Banks
3 - Global3 - Regional
Lending limits
exceeding Bds$10M
All in existence over 20 years
Primary lending
category -Corporate
Some Emerging Trends
Relevance of Sustainability Agenda
All in existence over 20 years
•Trending towards a degree of high importance
• Is likely to be a major agenda item among financial institutions within the next 5 years
Emerging Trends
Environmental Management & Reporting
?Importance of Carbon Finance & Climate Change
Asset management and socially responsible investing
Sustainable Venture Capital
Environment Credit Risk Management
?Renewable Energy Markets
HighMedLowTopic
Importance of key topics to the Banking Sector
Emerging Trend
Emerging Trends
?Water Resource Management
Bio-diversity Markets
HighMedLowTopic
Importance of key topics to the Banking Sector
Emerging Trend
Emerging Trends
Lack of Stakeholder
Demand
No Clear Business Case
Difficult to
Measure
Benefits
No Legal
Requirements
MAIN
BARRIERS
Lack of SeniorManagement
Commit
Main Barriers to Implementation
Some Emerging Trends
Conclusive Comments
All in existence over 20 years
•Creation of a sustainable plan towards achievement of set objectives is an immediate critical imperative
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