CALL FOR PUBLIC FEEDBACK ON THE VBIAF SECTORAL GUIDES ON AGRICULTURE, MINING & QUARRYING, ROAD TRANSPORTATION AND WASTE MANAGEMENT
press release
CALL FOR PUBLIC FEEDBACK ON THE VBIAF SECTORAL GUIDES ON AGRICULTURE, MINING & QUARRYING, ROAD TRANSPORTATION AND WASTE MANAGEMENT
2 Jun 2023 | Friday Source: AIBIM
The Value-based Intermediation Financing and Investment Impact Assessment Framework (VBIAF) Sectoral Guide Working Group (Working Group) has issued the 3rd cohort of the VBIAF Sectoral Guides. This time, the areas of agriculture, mining & quarrying, road transportation and waste management have been chosen in consideration of their significance to the development of the nation's green economy.
The Sectoral Guides provide sector-specific guidelines that assess the impact of investments, promote responsible practices, enhance transparency, encourage stakeholder engagement, and foster continuous improvement. These Sectoral Guides are also in line with BNM’s Climate Change and Principle-based Taxonomy (CCPT), which was issued as reference for Financial Institutions (FIs) in assessing and classifying economic activities that contribute to climate change mitigation and adaptation, and its associated impacts to the broader environment by integrating these principles into their operations, FIs can contribute to sustainable development and drive positive change across various sectors. The comprehensive Sectoral Guides would assist ESG risk management implementation in FI’s, develop deeper sectoral understanding of ESG/VBI risks and assist with CCPT and Climate Risk Management and Scenario Analysis (CRMSA) implementation in credit and investment.
