Through the UN Principles for Responsible Banking (PRB) many banks from Africa and the Middle East (AME) have started building a baseline of climate capabilities as well as setting their climate commitments and initial targets. Banks from the region are also seizing the commercial opportunities presented by sustainable finance in various climate mitigation sectors, including in renewable energy, green hydrogen, clean transportation, renewable-powered sea-water desalination projects, etc.
However, with evolving regulations and public policies, further progressing of climate mitigation efforts requires continual strategic transformations and internal technical capacities development.
This webinar will provide the opportunity for participants to learn from the experiences of leading financial institutions from the region as they showcase their climate mitigation efforts and engage in a peer-to-peer exchange on challenges ahead and opportunities from local and regional perspectives. It will provide an understanding of:
- the approaches different AME banks have taken towards climate mitigation, including considerations of the evolving regulations and policies.
- the foundational work banks have completed to develop an operational capacity for climate mitigation, including on climate risk management, impact analysis, and climate reporting.
- the ways banks evaluate how climate change impacts their operations and portfolios across business lines and sectors, in alignment with the climate priorities outlined in NDCs and client/stakeholder needs.
Speakers include:
- Ms. Mbombo Luhembe, Absa Group
- Mr. Samuel Kweku Kumah, Fidelity Bank Ghana
This webinar is part of a series of regional sessions on various climate-related topics relevant to the needs of banks from AME.