About 40 risk managers and analysts working in commercial, corporate and  investment banks across the region will soon converge in Barbados to learn about environmental and social risk management in lending and investment processes.

They will be attending a one-day workshop on Monday, November 24, at the Hilton Barbados. It is being facilitated by the United Nations Environment Programme-Finance Initiative (UNEP-FI) and organised by the Government of Barbados (Environment Division) and The Barbados Bankers’ Association Inc. (TBBA).

The objectives of the seminar are to bring participants up-to-speed regarding the environmental and social risks involved in lending and investing in projects as a consequence of the activities of their clients; to guide them through strategies and tools to detect, evaluate and mitigate the environmental and social risks; and explore the next steps in terms of promoting the efficient implementation of environmental and social risk analysis in the Caribbean financial sector.

Presenters will be Mr. Christopher Wells, Environmental Risk Manager for Latin America, Banco Real, Brazil and President of the Latin American Task Force, UNEP-FI; Lawrence Pratt, Associate Director, Latin American Centre for Competitiveness and Sustainable Development, INCAE Business School; and Mr. Jerry Blenman, Managing Director, Calidad Investment and Financial Services Inc. and member of the Barbados Sustainable Finance Task Force.

The following day, Tuesday, November 25, there will be a breakfast meeting for top executives on “Risks and Opportunities of Sustainable Development for the Caribbean Financial Sector”.  It will also be hosted by UNEP-FI, the Environment Division and TBBA.

This high-level meeting will give the executives an opportunity to be briefed by experts in the field and exchange views with their peers. The conclusions of the workshop will also be presented at the breakfast meeting, along with a presentation on the state of play in Barbados with respect to sustainable finance.

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