Managing Environmental and Social Risks: A Roadmap for National Development Banks in Latin America and the Caribbean
Peer Reviewed
Date issued
April 2014
Subject
Sustainability;
Financial Risk;
Financial Market;
Environment and Natural Resource
JEL code
O54 - Latin America • Caribbean;
O19 - International Linkages to Development • Role of International Organizations;
G3 - Corporate Finance and Governance;
Q2 - Renewable Resources and Conservation;
G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages;
Q42 - Alternative Energy Sources;
O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products;
N56 - Latin America • Caribbean;
N26 - Latin America • Caribbean
Category
Monographs
National development banks (NDBs) play a unique role in promoting sustainability. Due to their public mandate and contribution to the local credit markets, NDBs in the Latin American and Caribbean region are well positioned to support sustainable and low-carbon investments, and they can also effectively leverage private capital for these public goods. Many NDBs in the region have acted as pioneers in promoting sustainability in their respective countries. This publication presents reasons and incentives for financial institutions and, in particular, NDB's to implement environmental and socials risks management systems. It also presents key success factors and practical recommendations for NDBs willing to design and implement this type of framework.
