IIC holds Fourth Annual Sustainability Week in Peru

11/18/2013

IIC workshops provide training to over 700 participants on environmental, social, and energy efficiency issues

Lima, Peru, November 18, 2013 — The Inter-American Investment Corporation (IIC) celebrated its fourth Sustainability Week with two workshops in Peru, providing training to 47 representatives from 23 financial institutions from 10 countries, 54  private-sector companies, and NGOs on how to increase their environmental and social sustainability.

The IIC’s Sustainability Week is designed  to raise awareness about environmental and social risks and help participants recognize the advantages of using strategic methods to manage such risks and turn them into business opportunities. Two workshops were held during the event:

1) Environmental Management for the Financial Sector
2) Energy Efficiency and Climate Change: Challenges and Opportunities for Businesses

The Environmental Management for the Financial Sector workshop was organized in partnership with the Environmental Safeguards Unit (ESG) of the Inter-American Development Bank (IDB) and offered financial institutions from the region training on how to mainstream environmental and social sustainability into their businesses. The event brought together high-level participants such Daniel Schydlowsky, Superintendent of Banking, Insurance, and Private Pension Fund Administrators (SBS) of Peru, as well as Carlos Rivas from Banco General of Panama. At the event, Paul Collazas from SBS gave a presentation on proposed changes to the regulatory framework in Peru that would require financial institutions to implement environmental and social review procedures.

This year's workshop also included a session on Corporate Governance, an important aspect of sustainability that was recently integrated into the IIC’s new Environmental and Social Sustainability Policy. The Smart Campaign, a set of principles for dealing with microfinance clients, as well as the International Finance Corporation (IFC) Performance Standards, were also on the agenda. These initiatives allow the IIC to better address the needs and interests of different types of FIs (including microfinance, medium, and large FIs).

The second workshop, Energy Efficiency and Climate Change: Challenges and Opportunities for Businesses, was held in collaboration with Scotiabank Perú, and provided 54 companies, NGOs, and other entities from the region with the knowledge and tools needed to identify and adopt energy efficiency measures to lower their energy costs and reduce their ecological footprint.

The IIC, with the collaboration of the IDB, is committed to making this event carbon neutral and has tracked the greenhouse gas emission generated by the flights and related travel activities of participants, with a view to purchasing the equivalent in verified emissions reduction sources from renewable energy and energy efficiency projects in Latin America and the Caribbean.

About the IIC

The IIC, a member of the Inter-American Development Bank (IDB) Group, promotes private-sector development in Latin America and the Caribbean with a focus on small and medium-sized enterprises (SMEs). We help companies streamline management processes and provide them with financing in the form of equity investments, loans, and guarantees, as well as innovative technical assistance, advisory services, and knowledge products. In 2012, the IIC approved more than 70 operations totaling some US$400 million. Since its inception in 1989, the IIC has approved approximately 800 direct loans to SMEs and financial intermediaries, for a total of US$4.8 billion. An additional US$2.8 billion has been mobilized through cofinancing and syndication agreements. For more information on IIC activities, visit www.iic.org

Contact: Angela Miller

Telephone: +1 (202) 623-3936

Email: angelam@iadb.org