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Financial entities are analizing social and enviromental risks

October 17, 2016 by Staff News Writer

The Superintendence of Financial Institutions (SUGEF) and the Development Banking project are promoting the training of 30 officials from financial institutions under the methodology of the United Nations Environment Programme (UNEP) to analyze the environmental and social risks.

The initiative aims to support participants to improve their abilities to detect, evaluate and reduce risks through tools used by international financial institutions.

The workshop topics of financial banking and sustainable development were addressed to identify environmental and social risks. Practical cases and national and international experiences were used in order to know how it will benefit all sectors involved.

Javier Cascante, General Superintendent of Financial Institutions (SUGEF), declared that the fact that financial institutions are already updating and developing new tools shows the strong interest of the financial system in innovative fields that have great potential not only for the development, economic and social welfare of the country, but also for the financial growth of these entities.

crhoy.com

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