Phnom Penh (FN), Jun. 30 – On Tuesday, 28 June 2022, the Centre for Sustainable Development Studies (CSDS) of Asian Vision Institute (AVI) organized the thirteenth AVI-SDGs Dialogue webinar series on “Sustainable Finance- Environmental, Social and Governance Approach” via online zoom and Facebook live stream. The distinguished panelists for this webinar include Tin Ponlok, the secretary of state of the Ministry of Environment and the second vice-chair of the NCSD, Bernadette Victorio, regional program lead at Fair Finance Asia of Oxfam, and Rachana Lay, senior vice president and head of retail banking of Chip Mong Commercial Bank.

“Despite the commitments, financial institutions still face significant challenges in adopting sustainable finance. According to Bernadette Victorio, financial institutions face several risks, including credit risks in which borrowers cannot pay their loans, market risks in which loss of loan and underwriting services are lost, and operational risks seen in damage to buildings and facilities. The emergence of COVID19 and global conflicts such as the Ukraine war also shrink the economic opportunities, and firms need to recover their profits, reducing the compliance of sustainable finance,” according to the AVI’s press release seen by Fresh News on Thursday (Jun 30).

Read full AVI’s press release below.