CBFIN, Dolma, IIN to run programme on governance-related activities

Kathmandu, July 7

Confederation of Banks and Financial Institutions Nepal (CBFIN), Dolma Consulting and Invest for Impact Nepal (IIN) have agreed to cooperate for the operation of environmental, social and governance (ESG) related activities.

They signed an agreement for cooperation in Kathmandu on Thursday. President of CBFIN Pawan Kumar Golyan, Managing Director of Dolma Consulting Joseph Silvanus and Chief Executive Officer of IIN, Bibek Shrestha, signed the agreement.

According to a joint statement issued by the organisations, the main purpose of the agreement is to jointly cooperate in activities of common interest such as the study, evaluation, improvement and management of environmental, social and governance risks when investing in any organisation and company.

Conducting orientation programmes such as workshops, seminars, and interactions on topics such as natural resource conservation, greenhouse gas emissions, toxic waste management, compliance with climate policy and environmental regulations, energy use, pollution, social transformation, racial, gender, and sexual discrimination and inclusion are the areas of cooperation among the three organisations, according to the agreement.

In the same way, it is said that such programmes can be run on the impact of investments in the areas such as health and safety, internal governance of companies and responsibility and accountability to the shareholders.

According to the agreement, CBFIN will carry out public-private dialogue, study and research activities, green financing, identification of investment areas, capital formation and investment promotion, expansion of investment in manufacturing, employment and export sectors for the improvement and sustainable development of the banking and financial sector without incurring any financial burden.

It is mentioned in the statement that the promotion of small and medium enterprises and the solution of financial problems will be promoted in collaboration with banks and financial institutions.

Similarly, Dolma Consulting will carry out resource management, capacity development activities for sustaining ESG activities, planning, operation, management, monitoring and evaluation, and exchange of information, while IIN will carry out overall supervision of the implementation of overall activities, resource identification and mobilization, and other advocacy activities necessary to promote ESG.

Published in The Rising Nepal daily on 8 July 2023.