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Book launch

Book Launch - Environmental and Social Risk Management Systems in Development Banks of Latin America and the Caribbean

Date: 06 May 2014

Time: 10:00 AM

Location: Washington, D.C. (Andres Bello III), United States

IFD/CMF announces the launch of the Monograph:

Managing Environmental and Social risks
A Roadmap for National Development Banks in Latin America and the Caribbean

National Development Banks (NDBs) have a unique role in promoting sustainability. By combining their public mandate and their strong relationship with the local credit markets, they can efficiently leverage private capital for public goods.

The study presents the reasons why financial institutions—and, in particular, NDBs—should implement Environmental & Socials risks Management Systems (ESMS). It also provides some key success factors and practical recommendations for NDBs willing to design and implement an ESMS framework. It draws from experiences of NDBs in the region to inform other public financial institutions, international donors and intermediaries of international climate finance about the importance of managing environmental and social risks and opportunities for sustainable development banking.

This study is part of a technical cooperation program, developed by the Capital Markets and Financial Institutions Division (CMF) of the Institutions for Development Sector (IFD) of the Inter-American Development Bank (IDB).

This event brings together:

  • Willem Vosmer, co- author of the IDB study to present and discuss the outcomes of the research: how national public financial institutions are managing social and environmental risks.
  • Arturo Bodenstedt, from Financiera Rural, to present the Mexican bank’s concrete experience in designing an ESMS.
  • Maria Netto, from the IDB to share some experiences in the promotion of E&S risk management among NDBs in LAC.

Willem Vosmer has over ten years of experience in the field of sustainability, sustainable finance and development impact, particularly in the financial sector. He works for numerous private and public sector clients from different asset classes (corporate lending, private equity, development finance, micro finance).  Willem built a strong track record with financial institutions in developing, implementing and evaluating their sustainability strategies and building capacity among staff on sustainable finance. In his experience as a consultant, Willem worked with over 10 development finance institutions and 40 financial institutions across the globe and delivered training courses to over 750 participants.

Arturo Bodenstedt is an economist with over 25 years of experience in the Mexican financial sector. Arturo currently supports the National Financing of Argicultural, Rural, Forestry and Fishery Development and is responsible for the design of financing programs, credit products and guarantees according to the needs of the agricultural sector, the implementation of which supports rural sector development.

Maria Netto currently leads green finance initiatives that target national and regional development banks in LAC for the Capital Markets and Financial Institutions Division (CMF) of the IDB. Prior to coming to CMF, she led the carbon finance team in the Sustainable Energy and Climate Change Unit of the IDB. Ms. Netto was part of the UNFCCC secretariat team that established the institutional framework for the implementation of the CDM and JI and acted as lead officer for procedural issues, methodologies for baseline and monitoring, small-scale project activities, afforestation and reforestation project activities and registration of project activities. Ms. Netto has extensive experience in financial cooperation to support developing countries to address climate change. While at the UNFCCC secretariat she was responsible for financial cooperation related issues and led a study to assess investment and financial flows to address climate change.

Link to the monograph in English

Location: Conference Room Andres Bello III (9th Floor) - Inter-American Development Bank

Contacts: Isabelle Braly-Cartillier (isabelleb@iadb.org) and Maria Netto (mnetto@iadb.org)

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