The Asian Institute of Chartered Bankers (AICB) and UK-based Global Ethical Finance Initiative (GEFI) jointly organised the inaugural Ethical Finance ASEAN 2022 (EF2022) summit virtually on 29 June, featuring financial leaders from Southeast Asia, the wider APAC region and beyond.
This year’s theme, “ESG in a Volatile World: Profit, Purpose or Politics?”, focused on the crucial role of the ASEAN region in the current global ESG agenda, and the financial industry’s role as a key player in advancing sustainability, responsible banking and the wider ESG agenda in the region. EF ASEAN 2022 attracted over 1,000 delegates from over 90 countries.
AICB Chairman Tan Sri Azman Hashim said: “Achieving the goal of climate neutrality is a collective responsibility and to that end, the financial sector has an enormous influence on the outcome of climate action. It is therefore imperative that we do our part to facilitate the provision of climate finance and accelerate the pace of adoption of responsible banking practices in the ASEAN region.”
AICB Chief Executive Edward Ling added: “Financial institutions across the region have prioritised climate change initiatives, evidenced through the progressive integration of ESG considerations into their organisational strategies, frameworks, and standards in lending and investment. However, there is still much to do especially in the area of capacity building. AICB is committed to further developing the capacity of finance professionals to advance the responsible and sustainable banking agenda through our professional qualifications and will continue providing various thought leadership platforms such at this Summit for these crucial discussions to continue.”